In America, both permanent and non-permanent residents can get mortgages, just like everyone else. They can even acquire home loans through the FHA, Fannie Mae, and Freddie Mac with as low as a 3% down payment.

An individual who is a citizen of a country other than the United States is referred to as a foreign national.

Permanent residents with a green card, as well as temporary residents with a work visa, are eligible for the same loans as citizens of the United States. You can still buy a property if you don’t have legal status in the United States.

Yes, the requirements for foreign national mortgages are different. A foreign national must live and work outside the United States and is not permitted to reside in the United States. 

Additional restrictions for the foreign national mortgage loan include a maximum LTV of 70%, a 12-month reserve requirement, a 30-year fixed mortgage only, a loan sum up to $1,500,000 with a minimum of $75,000 guaranteed and seller concessions of up to 3%.

Yes, a bigger down payment for a Foreign National loan may be required, however, the percentage will vary depending on the borrower’s individual financial conditions.

Foreign nationals do not have as many loan choices as other residents, however, many banks and mortgage companies offer conventional and FHA home loans to non-U.S. citizens. Lenders that work with foreign nationals extensively tend to be more flexible with the documentation you need.