Home Purchase Highlights
| Property Details | Loan Details | HomeAbroad Solutions |
|---|---|---|
| Purchase Price: $292,000 | Program: LFC Non QM Full Doc, 30 Year Fixed | Foreign National Mortgage Program |
| Location: Edgewater, Florida | Loan Amount: $204,400 | Cross-border Documentation Support |
| Property Use: Second Home | Down Payment: 30% | Loan Guidance for Non US Credit Borrowers |
| Property Type: SFR (Single-family residence) | Interest Rate: 7.624% | End-to-End Closing Support |
The Sunshine State has long drawn international buyers, and recent data reinforce why. In fact, foreign buyers made up 21% of all international home-buyers in the US when it came to Florida between April 2024 and March 2025.
This case study shows how HomeAbroad helped a UK buyer secure a 30-year fixed foreign national mortgage to purchase a second home in Florida, despite having no US credit history and no US income.
More importantly, it explains how the loan was structured, what documentation mattered, and what other foreign buyers can realistically expect from the process.
Investment Properties on Sale in Florida Today
Borrower Profile and Homeownership Objective
Edward Williams from the United Kingdom was looking to buy a SFH (single-family home) in Edgewater, Florida. This home was intended as a second residence for personal use.
While financially stable in the UK, he had no US credit score, no US tax returns, and no US-based income.
From a traditional US mortgage perspective, this profile would normally lead to a rejection. From HomeAbroad’s perspective, it simply required the right structure and the right documentation.
The Challenges the Buyer Faced and How HomeAbroad Addressed Them
Edward’s case involved several challenges that are common for foreign nationals looking to buy real estate in the US:
-
No US credit history to rely on, which most lenders in the US require - All income and assets held outside the US
- A defined purchase timeline that required financing to move quickly
- Financial records issued under a UK banking and tax system
HomeAbroad structured the loan around these realities by underwriting the borrower using verified UK financial documentation rather than US credit or income requirements.
How HomeAbroad Structured the Mortgage
HomeAbroad reviewed Edward’s financial profile and identified a foreign national loan program that matched his needs.
He qualified for the Non-QM Full Documentation 30 Year Fixed loan. This program allows verified international income and assets to be used in place of US credit and tax records.
Edward provided UK income documentation and bank statements, which our team reviewed and aligned with underwriting requirements early in the process. He made a 30% down payment on a property valued at $292,000 and secured a loan amount of $204,400. The interest rate was fixed at 7.624 percent for the entire 30-year term, giving him long-term stability and predictable monthly payments.
Because the documentation was prepared upfront and submitted according to HomeAbroad’s foreign national guidelines, underwriting progressed smoothly without unnecessary delays.
Loan Process Timeline
Stage | Date | Details |
|---|---|---|
Registration | September 25, 2025 | Borrower submitted documents and began qualification review |
Loan Program Selection | Late September 2025 | HomeAbroad matched the borrower with the LFC Non QM Full Doc program |
Underwriting Review | Early October 2025 | Verification of UK income and financial records |
Final Approval | Mid October 2025 | Loan cleared after full document review |
Closing | October 29, 2025 | Borrower completed the purchase of the Edgewater second home |
Property Details:
Edward chose this home in Edgewater for its quiet neighborhood, coastal lifestyle, and strong long term appeal for a second home in Florida.
Closing Result
Our client closed on their Florida second home in about one month. They were able to purchase the property they wanted without any of the common barriers that foreign nationals often face.
Several factors contributed to the outcome:
-
The buyer understood early that foreign national mortgages require higher down payments - Documentation was aligned with HomeAbroad’s requirements before underwriting began
- The loan was evaluated using foreign income rather than US qualification rules
- HomeAbroad’s team handled the review of international financial records directly
This approach allowed HomeAbroad to keep the transaction on schedule and close within the contract timeline.
What Other Foreign Buyers Can Learn From This Case
- You do not need a US credit history to buy US real estate if your foreign income and assets can be properly documented
- Foreign national mortgage programs are built specifically for international buyers, not adapted from domestic loans
- Planning for a 25% down payment is realistic for most foreign national purchases
- Closing timelines of around 30 days are achievable with the right preparation
- Working directly with a lender like HomeAbroad that focuses on foreign nationals reduces uncertainty and delays
