The 80% LTV foreign national mortgage program allows international buyers to purchase U.S. property with just 20% down — the lowest down payment available for foreign nationals. This is 1st Capital Group’s most popular foreign national loan program, and for good reason: most lenders still require 30-50% down for non-U.S. citizens.
This program does not require Private Mortgage Insurance (PMI), saving you hundreds of dollars per month compared to domestic low-down-payment loans. Available for second homes, vacation properties, investment properties, and commercial real estate across all 67 Florida counties.
Both full documentation and stated documentation options are available. Borrowers who cannot provide U.S. tax returns may substitute employer or accountant income letters. We can assist with credit reference and CPA sample letters if needed.
Loan Details
| Maximum LTV | 80% (20% minimum down payment) |
|---|---|
| Private Mortgage Insurance | Not required |
| Loan Terms | 30, 20, and 15-year fixed conventional loans |
| Interest Rates | Competitive — call (954) 300-1287 for current rates |
| Seller Concessions | Up to 3% of purchase price toward closing costs |
| U.S. Credit Required | No |
| Documentation | Full doc or stated doc options available |
| Refinancing | Rate and term refinance with limited cash-out available |
| Property Types | Second homes, vacation, investment, buy-to-let, commercial |
| Age Restrictions | None — borrowers 70+ eligible for 30-year terms |
| Closing Timeline | 30-45 days average |
What You Will Need
- Valid passport with eligible U.S. visa (B-1, B-2, H-2, H-3, I, J-1, J-2, O-2, P-1, P-2, R-1, or visa waiver)
- Verifiable funds for down payment, closing costs, and payment reserves
- Full documentation: income verified via U.S. quality control procedures, OR
- Stated documentation: accountant or employer states income in writing for past two years and year to date
- No tax returns required in some cases — may be substituted with employer or accountant income letters
- U.S. bank account for ACH mortgage payment setup
- We can help with credit reference, CPA, or employer sample letters if needed
Frequently Asked Questions
What makes the 80% LTV program different from other foreign national mortgages?
Most foreign national mortgage programs require 25-50% down payment. The 80% LTV program requires only 20% down — the lowest available for non-U.S. citizens — and does not require Private Mortgage Insurance (PMI).
Can I refinance with this program?
Yes. Rate and term refinance with limited cash-out is available as both fixed and adjustable rate options.
Are there age restrictions?
No. Borrowers can be 70+ years old and still eligible for a 30-year mortgage term.
Can the seller contribute to closing costs?
Yes. The seller or developer can provide up to 3% of the purchase price as a concession toward closing costs and prepaid items.
What documentation options are available?
Two options: full documentation with income verified through U.S. quality control procedures, or stated documentation where your accountant or employer provides a written income statement for the past two years.
Ready to Get Started?
Get a free consultation with Nick Lazarevic. We will match you with the best program from our network of 60+ lenders.
Related Programs: All Foreign National Programs | DSCR Investment Loans | Super Jumbo (70% LTV) | Investment / Buy-to-Let
1st Capital Group as dba of GFL Capital Mortgage Inc | Company NMLS #64367 | Nick Lazarevic NMLS #38639 | Licensed Mortgage Lender | Equal Housing Opportunity | All loans subject to lender underwriting approval. Programs, rates, terms, and conditions are subject to change without notice. Not a commitment to lend.