There comes a specific moment when the Brazilian investor realizes: if they want to invest in high-end real estate in the United States, especially in Orlando, they will need to pay close attention to the details of financing. The question is repeated in conversations with clients of Daniel Dourado's blog and many other Brazilians seeking asset protection in dollars: which American banks accept foreigners for financing?
It may sound complicated, but with the right guidance, the path becomes possible. One step after another. Sometimes, small details change the entire landscape.
Why American banks finance foreigners
The American real estate market is always on the lookout for global buyers. Orlando, in particular, has become a sought-after destination for high-income investors interested in security and appreciation in dollars. The banks, aware of this flow, have created specific solutions for foreigners. However, this does not mean that the process is similar to that of a resident buyer.
In general, financial institutions seek security. When financing a non-resident, they consider the risk to be higher. Therefore, they require a higher down payment, proof of income, and, of course, a good financial history (see all the details in this guide on financing for foreigners).
Financing is possible, as long as the preparation is complete.
American banks that accept foreigners
In the universe of large banks and regional institutions, not all embrace foreigners in the same way. But several well-known names in the international market offer specific lines:
- Wells Fargo
- Bank of America
- Chase Bank
- HSBC
- TD Bank
- Smaller institutions and credit correspondents specialized in non-residents
These banks have trained teams to deal with international buyers, offering their own products or working with loans called “Foreign National Mortgage,” designed specifically for those residing outside the U.S. (complete details on these modalities).
Variation in conditions and programs
Acceptance and terms vary according to each bank's internal risk policy. For example, HSBC allows up to 70% of the property's value for foreigners who become Premier clients – requiring a minimum deposit of $100,000. If the property does not meet criteria, up to 50% down payment may be required. The maximum amount financed is usually up to $3 million (see the details of HSBC's programs).
On the other hand, giants like Wells Fargo and Bank of America are more flexible but still require strict proof of assets and income. Other smaller institutions, such as Miami International Bank and U.S. Mortgage, also offer attractive products, especially for specific profiles.
What is the approval process for foreigners?
Financing a property in the United States as a foreigner is not, in fact, the same as in Brazil. The process can surprise or even scare at some points, but it follows a logic that is, let's say, rational.
Basic steps
- Pre-qualification: Sending initial documentation to the bank to assess feasibility.
- Credit and income analysis: Even without an American credit history, banks request reports from the country of origin or bank letters.
- Property appraisal: The bank hires an appraiser to verify the property's value.
- Official offer: After approval, the bank makes a formal proposal with amounts, terms, and rates.
- Closing: Once everything is in order, the contract is signed and registered at the local notary.
Along the way, it is common to encounter requirements for deposits in American accounts, justifications for the source of funds, and even an extra dose of patience.
Common financing requirements for foreigners
According to experiences reported by clients served by Daniel Dourado and specialists like Sandra Mina from the residential financing sector, the most frequent requirements are:
- Down payment between 25% and 35% of the property's value, which can reach 50% in more restrictive scenarios (Sandra Mina's data on limits and down payment).
- Term of 15 to 30 years, depending on the bank and financial profile.
- Payment capacity: cannot exceed 30% of declared income (Information on income and payment capacity).
- Documents such as passport, bank statements, income declarations, accountant's letter (for self-employed individuals), and, in some cases, ITIN number (detailed guidelines on documentation).
- Interest rates between 6% and 8% per year for foreigners, slightly higher than for residents, but still competitive in international comparison (estimates for 2024).
- Funds for closing costs (about 5% of the property's value).
The main challenge is to align expectations and ensure proof of funds.
Differences between financing as a foreigner and as a resident
The down payment is usually higher for foreigners. While an American can finance with a 5% to 10% down payment, a Brazilian investor will need to prepare a more substantial amount. Additionally, there is extra scrutiny on the source of funds and, often, the process is more manual. On the other hand, many people report surprise: the service tends to be consultative and less bureaucratic than they imagined.
Specific care for Brazilian investors
Those thinking of dollarizing part of their assets may already know: there are different risks and obligations for those signing financing outside the country. The credit is in dollars, while their income often remains in reais. In times of dollar appreciation, the debt can weigh heavily. One point that Daniel Dourado always mentions in his experience with vacation homes is: be prepared to maintain a balance in an American account, so you are not surprised by exchange rate fluctuations and total cost variations (recommendations on dollarization and risks).
Succession issues should also be considered — inheriting properties in the U.S. can incur high taxes without the correct asset/tax structure.
Practical tips to increase your chances
- Seek consultative guidance before making any decisions (it's worth checking articles like this one with tips for first-time buyers).
- Prepare documentation in advance, especially statements and proof of income from the country of origin.
- Consider simulations at various banks to compare conditions and interest rates.
- Evaluate total financing costs, including notary fees, insurance, and registration expenses.
- If possible, plan to purchase properties with good liquidity for future resale — vacation homes in Orlando have high demand (find out why Orlando is a safe option).
Don't limit yourself by fear: prepare yourself, inform yourself
No international journey will be free of challenges. But, knowing the right path and having the support of experts, it is possible to navigate the requirements, find banks open to foreigners, and realize dreams — whether to move, increase assets, or invest in profitable vacation homes.
By the way, those who want to understand all the steps can consult our complete guide to investing in vacation homes in Orlando.
Daniel Dourado's blog exists precisely to share success stories, market trends, and personalized recommendations for those who want to expand their horizons and invest safely. I invite you to continue following our content and talk to the team about your project. After all, each case deserves individual analysis — and sometimes, a good story can be the starting point for yours.
Frequently Asked Questions
Which banks accept foreigners for financing?
Several American banks accept foreigners for real estate financing, such as Wells Fargo, Chase, Bank of America, HSBC, and TD Bank. In addition to them, there are smaller institutions and credit correspondents that specifically serve non-residents. Each bank has its policies, and requirements may vary in terms of down payment, proof of income, and buyer profile. It is advisable to research more than one institution before making a decision.
How to apply for financing as a foreigner?
The process for foreigners generally involves the following steps: pre-qualification (submission of basic documentation), analysis of payment capacity and financial profile, property appraisal, and presentation of a formal offer. Prepare documents such as passport, proof of income, bank statements, and, if possible, bank reference letters. Many banks prefer clients who have a checking account in the U.S., but it is possible to start the entire procedure as a non-resident (see all the steps here).
Is a U.S. visa required to finance?
It is not mandatory to have a U.S. visa or green card to finance a property in the United States. The most common requirement is to present a passport and prove your identification and the source of funds. However, if the buyer wishes to live in the U.S., a visa may be a requirement for residency — but not for the approval of the financing itself (complete details).
What documents do I need to finance in the U.S.?
The most requested documents are: valid passport, bank statements (usually from the last 6 to 12 months), proof of income (tax return or accountant's letter), proof of the down payment amount, financial reference letter, and, if applicable, tax identification number (ITIN). The goal is to prove that the buyer has the ability to pay and that the funds are legitimate (see the complete checklist).
Is it worth financing a property as a foreigner?
For many high-income Brazilians, financing properties in the U.S. is an interesting alternative to diversify assets, obtain income in dollars, and protect assets. Despite a higher down payment and slightly higher interest rates, the potential for appreciation and the benefits of dollarization often make it worthwhile. The secret is planning, analyzing the conditions, and having the support of experts, as we do on Daniel Dourado's blog. For those who want to know more about success stories and opportunities, it is worth checking out content like buying your first house in Orlando or identifying rising neighborhoods, such as Windsor Cay.