Foreign National

Although qualifying for a home loan can be tricky for a foreign national, it’s far from uncommon. Did you know that in 2015, 4% of all homes bought in the U.S. were purchased by foreign buyers?

If you’re a foreign national looking for the financing to purchase a second home, a vacation home or an investment property, proving your recent income through documentation is likely your biggest hurdle. Frequently, foreign nationals face the challenge of insufficient credit data, which can take years to build up and generate a good credit score. If you don’t have a sufficient credit score, we can order non-traditional credit reports that look at details like utility payments, rental history, school tuition or child care payments.

At Gateway, we’ll be primarily looking at the liquid assets you have in the U.S., as well as assets you have overseas. We’re also interested in proof of income from the past two years, which you can show through a letter from an accountant or CPA, as well as documents from your place of employment.

Qualifying for and financing a home loan as a foreign national can be intimidating. But at Gateway, our expert Loan Officers are here to help you through the steps and answer any questions you might have.