If you’re living in the US without a green card and considering buying a home, you can usually do so without any specific restrictions.
You don’t need to be a US citizen or permanent resident to own property in the United States. Foreign nationals, immigrants, non-residents, and even those on temporary visas can buy real estate in the United States.
From my years working with foreign nationals to help them navigate their US real estate purchase journey, I’ve seen many people successfully purchase homes without permanent residency. The key is understanding the process, preparing the correct documents, and getting proper guidance.
It might feel overwhelming initially, but this guide will break it down, starting with the types of mortgages available to foreign nationals who want to buy a house in the US without a green card, and ending with a step-by-step process to secure your US mortgage.
Key Takeaways:
1. Expats on different visa programs can buy a home in the US even if they do not hold a green card. There are no citizenship or residency restrictions for property ownership in the US.
2. Non-residents can qualify for foreign national mortgage programs for securing financing for their new home without needing a green card.
3. Tax implications for foreign real estate buyers are the same as those for US citizens, with the same tax rates. There are no additional implications; foreigners are even eligible for the same tax deductions as US citizens.
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How to Buy Property in the US Based on Your Visa or Immigration Status?
Buying property in the United States is possible for people on various visas and immigration statuses, including temporary work visas, refugee or asylee status, DACA, and even as a non-resident alien. While there are no direct legal restrictions on foreign nationals owning property, your ability to finance the purchase and your tax obligations can vary based on your status.
1. Buying a Home on a Work Visa (H-1B, H-1B1, H-2A, H-2B, etc.)
You can buy property in the US on a valid work visa. Most people on work visas purchase primary residences as they seek permanent shelter compared to the hefty renting costs, although investment is also possible.
What Lenders Will Look For:
- Visa Validity: Lenders prefer to see at least three years of authorized stay remaining. However, many will accept your current valid visa as enough to proceed.
- Employment Letter: Your lender may request a letter from your employer confirming ongoing employment.
- Down Payment: Expect to pay a higher down payment, often 20% or more.
2. Buying as a Temporary Non-Resident Alien (No Green Card or US Address)
Yes, non-residents can buy property in the US even if they don’t live here full-time or hold a green card.
Things to Know:
- No Legal Restrictions on Ownership
- FIRPTA (Foreign Investment in Real Property Tax Act): A 15% withholding tax may apply when a non-resident sells US property.
- Income Tax: If you rent out the property, you are required to file US tax returns on that income.
- Use of Property: Foreigners buying for personal use may be exempt from specific investment-related tax implications.
3. DACA Recipients
Deferred Action for Childhood Arrivals (DACA) recipients can legally purchase a home in the US, especially for use as their primary residence.
Requirements:
- Credit Score: Most lenders require a credit score of 620 or higher.
- Income Verification: Proof of stable income and employment is essential.
- Loan Options: Some FHA loans are available, but not all lenders offer them to DACA recipients.
4. Refugees and Asylees
Refugees and asylees can apply for a green card after one year in the US, which makes it easier for them to access mortgages.
Process:
- Green Card Application: Submit Form I-94A to verify legal status.
- After obtaining a green card, they are eligible for standard mortgage programs.
- Documents Required: Income verification, employment history, and credit score.
5. Buying Property Through a Trust (NRAT – Non-Resident Aliens Real Estate Trust)
Foreign nationals who want added protection or are investing at a higher level can use a Non-Resident Alien Trust (NRAT) for real estate.
Benefits:
- Protects US Assets: NRAT shields property from claims by your home country.
- Estate Planning: May reduce US estate taxes for non-citizens.
- Flexible Ownership: Useful for managing high-value or multiple properties.
Buying property in the US is possible for people of all immigration statuses, but your financing options, documentation requirements, and tax liabilities depend on your specific situation.
Mortgage Options for Foreign Nationals Buying a House Without a Green Card
Getting a mortgage for your dream home without a green card may seem daunting initially, but mortgage options are available specifically for foreign investors. While most traditional lenders prioritize US citizens or green card holders, several loan options are available for foreign nationals through conventional and non-traditional means.
Let’s discuss these mortgage options, eligibility requirements, and how HomeAbroad simplifies the process for non-resident buyers.
1. Foreign National Mortgages
Foreign National Mortgages are tailored to buyers who do not have permanent US residency. International investors or temporary residents commonly use these loans, which are available from government-supported entities and private lenders.
However, HomeAbroad offers more flexible underwriting criteria than traditional banks, making it easier for non-residents to meet the qualification requirements.
Why Choose HomeAbroad?
HomeAbroad focuses exclusively on helping foreign nationals buy property in the US without needing a US credit score, W-2s, or even traditional tax documentation. Instead, we accept foreign bank statements, credit reports, and proof of international income for mortgage eligibility.
Requirements:
- Valid Identification: Passport and a valid visa
- Credit History: Foreign credit report accepted; no US score needed
- Income Proof: Foreign bank statements or employment verification
- Down Payment: Typically 20%–25%
- Property Type: Can be primary, secondary, or investment property
Learn more: Foreign National Mortgage Guide
2. DSCR Loans (Debt Service Coverage Ratio Loans)
A DSCR loan is the perfect choice for foreign nationals looking to purchase income-generating investment properties. Instead of evaluating the borrower’s personal income, lenders assess whether the property’s rental income is sufficient to cover the mortgage payments.
These loans are ideal for buyers with little to no credit history in the US and are available to both domestic and international investors. With a DSCR loan, you can generate positive cash flow, benefit from property appreciation, finance multiple properties, and even perform cash-out refinancing on existing investments.
Requirements for Foreign Nationals:
- Valid Identification: Passport and visa or EAD
- DSCR Ratio: Preferably 1.0 or higher (loans allowed below 1.0 with higher down payment)
- Down Payment: 25% for foreign nationals
- Credit History: No US credit score required
- Cash Reserves: 6 months for foreign buyers
- Loan-to-Value (LTV): Up to 75% for purchases; 70% for cash-out refinances
- Property Use: Investment properties only (Residential and Commercial)
These loans open the door for foreign nationals who might otherwise fail to tap into the US real estate market due to a lack of credit history or permanent residency. By evaluating the property’s income potential rather than the borrower’s financial background, DSCR loans offer a straightforward path to US ownership, even for those without a green card.
Let’s walk through a real-life example of how a DSCR loan works:
Real Case Study: UK Investor Buys Florida Rental Property Without US Credit History
Sam Smith, a UK citizen on an L1 visa, was eager to invest in the US real estate market and found an ideal rental property in Sarasota, Florida. The challenge? He had no US credit history, which led to repeated rejections from traditional lenders.
Sam turned to HomeAbroad, and we stepped in, offering a DSCR loan tailored for foreign nationals. Instead of relying on Sam’s non-existent US credit profile, we evaluated the property’s strong rental income potential and his financial strength overseas. Thanks to this approach, Sam secured financing with a 25% down payment and easily closed his Florida investment.
“Sam had everything except a strong US credit history, like high income, assets, and a prime rental property that could easily cover his monthly mortgage expenses. Our DSCR loan allowed him to focus on the property’s performance rather than his personal credit history, making the deal possible.”
Steven Glick, Director of Mortgage Sales, HomeAbroad
You can read the full case study here: UK Investor Secured a DSCR Loan with No US Credit History
3. ITIN Loans
ITIN (Individual Taxpayer Identification Number) loans are specifically for borrowers who do not have a Social Security Number but pay taxes in the US using an ITIN. These loans are popular among undocumented immigrants, foreign nationals on work visas, and others who are legally earning an income.
Requirements:
- ITIN Number (instead of SSN)
- Income Verification: Foreign or US bank statements
- Credit Score: Not required
- Down Payment: Typically 15%–25%
- Property Type: Primary or investment properties
These loans help open the real estate market to buyers who traditional banks typically underserve.
5. Conventional Loans
Conventional loans are not government-backed but are supported by Fannie Mae and Freddie Mac, making them viable for EAD holders with firm financial profiles. They often come with lower rates and less mortgage insurance than FHA loans.
Requirements:
- Residency: Valid EAD and Social Security Number
- Credit Score: Minimum 620
- Down Payment: Starts at 3%, depending on other qualifications
- Income Verification: W-2s, pay stubs, bank statements
- DTI Ratio: Up to 43%
- Property Type: Primary, second home, or investment property
These loans are more stringent but offer better long-term value if you meet the criteria.
6. Conforming vs. Non-Conforming Loans
Conforming Loans
These loans follow the loan limits and standards set by Fannie Mae and Freddie Mac. They are easier to process and come with better interest rates.
- Down Payment: Often 20%
- Use: All property types
Non-Conforming Loans
Also known as jumbo loans, these exceed conforming loan limits and are used for luxury or high-value properties.
- Higher Requirements: Credit score, income, down payment
- Use: High-value or unique property types
Whether you’re looking to invest in rental property, relocate temporarily, or build long-term wealth, there’s a mortgage solution that fits your needs.
Steps to Buy a Home in the US Without a Green Card
Buying a home in the US is possible even if you don’t have a green card or a US credit history. Whether you’re a foreign national, a visa holder, or a non-resident, follow these steps and explore everything you need, from choosing a property to securing a mortgage.
Step 1: Define What You Want and Set a Budget
- You should decide on the property type, city, and neighborhood based on your lifestyle, commute, or investment goals.
- Create a realistic budget based on monthly affordability, not just property price.
Step 2: Connect with a CIPS-Certified Real Estate Agent
- Partner with an agent experienced in working with foreign nationals, ideally with a CIPS (Certified International Property Specialist) designation.
- HomeAbroad connects foreign buyers with a network of CIPS-certified agents who understand the unique legal and financial considerations involved in international home purchases.
Step 3: Start Your Home Search
- Your CIPS agent will guide your search, schedule virtual tours if you’re abroad, and advise on the best properties based on your preferences and budget.
- Agents through HomeAbroad are skilled in navigating the needs of international clients, including remote closings and local market comparisons.
Step 4: Get Pre-Approved for a Foreign National Mortgage
- Many lenders require a US credit history, but HomeAbroad offers mortgages for foreign nationals without a US credit score.
- You can get pre-approved based on your foreign income, bank statements, and asset documentation.
Step 5: Gather Required Documents
To apply for a mortgage as a non-resident or visa holder, prepare:
- Valid passport and visa
- Proof of income, such as pay stubs, tax returns, or employment letters, is not mandatory for all HomeAbroad mortgages.
- Asset verification from your home country (bank statements, investments, etc.)
- An ITIN (Individual Taxpayer Identification Number) is an alternative to an SSN. If you don’t have an SSN, HomeAbroad can guide you in applying for one.
Step 6: Make an Offer and Sign the Purchase Agreement
- With your agent’s help, make a competitive offer and negotiate the terms.
- Once accepted, sign the purchase agreement and begin the title check to verify property ownership and liens.
Step 7: Apply for Your Mortgage Loan
- Submit your complete mortgage application with the pre-approved lender.
- HomeAbroad simplifies this process, especially for buyers without a US credit history, by working directly with lenders who understand foreign income and assets.
Step 8: Lock Your Mortgage Rate
- Lock in your mortgage interest rate to secure your financing while your loan is under review.
Step 9: Conduct a Home Inspection and Property Appraisal
- Hire a licensed home inspector to check for structural damage or needed repairs.
- The lender will schedule an appraisal to confirm the home’s fair market value.
Step 10: Understand US Taxation for Non-Residents
- Open a US bank account to transfer your down payment and closing costs.
- Familiarize yourself with FIRPTA (Foreign Investment in Real Property Tax Act), which may require a 15% withholding tax upon resale.
- HomeAbroad experts can guide you on tax obligations and connect you with professionals to help with compliance and planning.
Step 11: Mortgage Underwriting and Final Loan Approval
- Work with your loan processor and underwriter to verify all documents.
- HomeAbroad lenders specialize in helping non-residents navigate this process, even without a local job or credit history.
Step 12: Close on Your New Home
- Bring your ID, closing disclosure, and required payments to the closing appointment.
- You can take ownership of your new US property by signing the final deed, which is notarized and recorded with local authorities.
With the proper support, owning property in the US is within reach even without a green card or US credit history. HomeAbroad’s network of international-friendly agents and mortgage lenders makes it easier to buy and finance a home in the US from anywhere in the world.
Buy a House in the US Without a Green Card with HomeAbroad
Buying a home in the US without a green card might seem complicated, but it doesn’t have to be. With the proper support and the right mortgage options, it’s completely doable even if you don’t have a US credit score or traditional financial documents.
That’s where HomeAbroad comes in. We specialize in helping international buyers and newcomers like you find and finance property in the US without all the usual traditional roadblocks. From tailored mortgage solutions and an innovative property search platform to a team of expert agents and end-to-end services like LLC setup and insurance, we have built a system that genuinely works for global investors.
So whether you’re looking for your first US home or a smart investment property, you’re not alone. Apply today and take the first step toward homeownership in the US.
Pre-qualify for a US mortgage as an international buyer.
No US credit history needed.
FAQs
Can I buy a house in the US if I am not a permanent resident?
Yes, you can buy a house even if you’re not a US permanent resident. Read more in our home buying guide for international buyers.
Do I need a Social Security number to buy a house in the US?
No, you don’t need a Social Security number to buy a house in the US. You can provide an alternative ID and other financial verification forms.
Can I rent the property if I don’t live in the US?
Yes, many foreign buyers purchase US property as rental investments. You can even manage your property from anywhere, even if you don’t live in the US. Learn more: US Property Management for Foreigners.
