QKAPITAL
THE BEST LENDER
FOR FOREIGN NATIONAL BUYERS
We are Preferred Lenders
25 YEARS
More than 25 years of experience in the American mortgage industry
$8 BILLION
Over $8 billions in credits allocated.
+ 9,000 CLIENTS
Over 8,000 clients worldwide.
OUR SERVICES
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Lock in a lower mortgage rate and refinance your home.
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Questions & Answer
To buy your home with financing
Can a foreigner buy a house in the USA?
Yes, a foreigner can buy a house in the United States. There is no citizenship or residency requirement to purchase US real estate. What foreign buyers need is financing built for their situation, since most conventional mortgage programs assume a US credit history and US income.
Do I need a US visa or green card to get a mortgage?
No, a US visa or green card is not required to get a mortgage. Foreign national loan programs are designed specifically for non-resident buyers, using a passport, proof of funds, and a larger down payment in place of immigration status.
Do I need a Social Security Number, or can I use an ITIN?
You can use an ITIN instead of a Social Security Number. QKapital offers ITIN mortgage loans for qualified borrowers who have a valid Individual Taxpayer Identification Number and verifiable income or assets, and foreign national loans exist for buyers who have neither an SSN nor an ITIN.
Do I need US credit history to qualify for a mortgage?
No, US credit history is not required to qualify for a foreign national loan. Lenders evaluate international credit references, a letter from the borrower’s home bank, and a larger down payment (typically 25% to 40%) to offset the lack of a US credit file.
What is a foreign national loan and how is it different from a regular mortgage?
A foreign national loan is a mortgage program built for buyers who live abroad and don’t have US credit or income history, using international documentation and a higher down payment instead of a US credit score and tax returns. A regular mortgage assumes both of those are available.
How much down payment do foreign nationals need?
Foreign national buyers typically need a down payment of 25% to 40%, depending on the lender, the property type, and the borrower’s documentation. Buyers with larger down payments generally get access to better pricing.
Can I use funds from my home country for the down payment?
Yes, funds from your home country can be used for the down payment, as long as the source is documented — typically through two to three months of bank statements showing the funds accumulating in your account before the transfer.
How do international wire transfers work at closing?
International wire transfers at closing move funds directly from the buyer’s foreign bank account to the title or escrow company’s account, and typically take a few business days to clear. Confirming wire instructions in advance, directly with the title company, helps avoid delays and wire fraud.
Can I close on a property remotely, without traveling to the US?
Yes, QKapital can close a purchase completely remotely, using a power of attorney, so the buyer does not need to travel to the US at any point in the transaction.
Can I buy property in the US through an LLC as a foreign national?
Yes, a foreign national can buy US property through an LLC. It’s a common structure for liability protection and estate planning, though it may require a slightly different loan program and documentation than buying in a personal name.
What is FIRPTA and how does it affect me when I sell?
FIRPTA requires a buyer to withhold 15% of the gross sales price when purchasing property from a foreign seller, and send it to the IRS as a prepayment toward the seller’s potential capital gains tax. It’s a withholding on the sale price, not the profit, and any excess can be refunded when the seller files a US tax return.
Does buying property in the US give me residency?
No, buying property in the US does not by itself grant a visa, green card, or residency. The EB-5 program can lead to residency, but it requires a much larger, job-creating investment structured specifically for that purpose.
What documents do I need as a foreign national borrower?
A foreign national borrower typically needs a valid passport, two to three months of bank statements showing the source of funds, a reference letter from their home bank, proof of income or assets, and a US bank account opened before or during the transaction.
How long does the mortgage process take for an international buyer?
The mortgage process for an international buyer typically takes 30 to 45 days from a fully documented application to closing, somewhat longer than a domestic loan due to international document collection and wire transfer coordination.
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