Foreign National Loans in Florida

Florida is the #1 destination state for foreign-national real estate investors. Latin American, Caribbean, Canadian, and European buyers concentrate in Miami-Dade, Broward, Palm Beach, and Orlando. No state income tax, established legal frameworks for foreign ownership, and a deep Spanish/Portuguese-speaking broker network.

Top Florida markets for foreign national

  • Miami / Brickell: Largest Latin American investor concentration in the US.
  • Broward / Fort Lauderdale: Brazilian and Venezuelan investor activity.
  • Orlando: European and Latin American investors targeting STR.
  • Palm Beach: Higher-end Canadian and European second-home buyers.
  • Naples: Canadian snowbird investor pool.

Florida quick facts

  • Top US foreign-national investor state
  • No state income tax
  • Bilingual broker pool
  • FIRPTA applies on sale

Florida Foreign National FAQs

How do FL property taxes affect foreign-national DSCR?

Foreign-owned property does not get homestead exemption. Property tax runs full assessed rate (typically 1.0-1.4% in FL counties). Build full-rate taxes into the DSCR calc.

FL FIRPTA implications when selling?

FIRPTA requires 15% withholding on gross sale price when foreign-national sellers exit. Some structures (US LLC with US-domiciled members) can reduce exposure. Plan at acquisition.

Spanish/Portuguese broker support in FL?

Yes. Miami-Dade and Broward have deep Spanish/Portuguese-speaking broker pools experienced with foreign-national DSCR. Lender side similarly bilingual.

General foreign national questions

What documents does a foreign national need?

A valid passport, visa or visa-waiver evidence, two forms of ID, a foreign credit reference (or three letters of reference from international banks), and proof of funds for down payment plus reserves.

What’s the maximum LTV for a foreign national?

Most programs cap at 70–75% LTV on purchase and 65–70% on cash-out. The lower LTV vs. US-resident DSCR loans reflects the offshore funding profile.

How are reserves verified if my money is overseas?

Funds are usually wired to a US bank account 30–60 days before closing and seasoned in that account. A 30-day statement is acceptable at most lenders.

See all Foreign National guidelines and FAQs →

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