Foreign Buyers and Obtaining a Mortgage

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Foreign buyers who contribute for the majority of real estate purchases in major cosmopolitan areas, such as Miami, San Francisco, New York City and Los Angeles, face many more challenges when they apply for mortgages than domestic buyers.

Foreign mortgage applicants are obligated to make a 25 percent down payment. American buyers are required to put up 20 percent down-payment.

Foreigners with a temporary visa status face harder scrutiny than Americans by lenders, because of the uncertainty of their status in the United States.

Green card holders are treated the same way as US citizens when they apply for a mortgage. Foreign buyers are advised to have their funds in a foreign bank with US branches for easier evaluation of the legality of the funds.

Contact an experienced immigration and real estate attorney for assistance.

Call the Law Office of Kravitz & Guerra at +1.305.372.0222 or email at