Home Buying in Lake Mary>Question Details

Jon Day, Other/Just Looking in Lake Mary, FL

What USA banks are lending to foriegn nationals?

Asked by Jon Day, Lake Mary, FL Sun Dec 7, 2008

We should be emmigrating within 12 months with a green card, but wanted to buy a home prior. Does anyone know what banks would offer a mortgage

Help the community by answering this question:



If you are legally emigrating, with an acceptable work visa, then you do not need foreign national financing. To be clear, under federal law, as a legal emigrant to the US you will be treated as a ‘permanent resident alien’ which is exactly the same as any US citizen.

However, the difficult arises with establishing ‘credit history’. Assuming you have neither US nor Canadian credit history, you will need to fully document past credit and begin to establish a US credit profile.

Beyond generalities, in these cases the details become tremendously important, and there are indeed a number of things you can do before leaving your home country to make the process both easier and faster once you emigrate to the US.

That said, among other reasons, as you are moving to a new country it is likely best for you to rent when you first arrive in the US. If properly aware, in worse case, after 12 months of residency and employment you should have no problem obtaining a US, government insured mortgage loan.

For more detail and a relocation consultation, please feel free to contact us anytime.

Ron Hobbs
Palm Springs Realty (Commercial & Residential)
U.S. Housing and Urban Development Approved Broker
Licensed Real Estate Broker, Mortgage Banker, CPA (inact.)
1 vote Thank Flag Link Sun Dec 27, 2009
Hi Jon,

RBC bank lends to Canadians and so do most of the other American banks as long as you have at least 30% down. I just received an email three days ago from a lender that I work with that is now offering a 10% down foreign national loan. I will have to look the info up and re-post it as soon as I get a chance.

Good Luck!
0 votes Thank Flag Link Sun Dec 7, 2008

Contact Jesse Lena at Saratoga Capital Finance ......1-888-985-7272 or email


We are not associated or affiliated with SCF but know of their outstanding reputation for excellent customer service.
0 votes Thank Flag Link Sun Dec 7, 2008
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