1st Capital Group offers mortgage financing for British citizens and British residents purchasing second homes, vacation properties, or holiday homes in the United States. UK citizens can finance up to 75% of the property value through our network of nationwide mortgage lenders.
Eligible property types include single family homes, approved condominiums, and townhomes. Condo hotels (condotels), short-term rental condominiums, and some non-warrantable condos do not qualify under this specific program — however, our Investment / Buy-to-Let program may cover these property types.
If you are purchasing a condominium, contact us at (954) 300-1287 to pre-qualify the condominium development before making an offer.
Loan Details
| Minimum Down Payment | 25-30% |
|---|---|
| Maximum LTV | 70-75% |
| Loan Terms | 15 or 30-year fixed |
| Loan Amounts | Up to $10M+ (jumbo options available) |
| Interest Rates | Competitive — call (954) 300-1287 for current rates |
| Prepayment Penalty | None |
| U.S. Credit Required | No — credit history report may be required |
| Reserves | 6 months of payment reserves |
| Property Types | Single family homes, approved condos, townhomes |
| Property Use | Second home, vacation / holiday home |
What You Will Need
- Valid British passport
- Completed mortgage application
- Bank statements showing funds for down payment, closing costs, and 6-month reserves
- Employment verification or self-employment documentation
- Credit reference letters from UK creditors
- UK credit history report
- U.S. bank account for ACH mortgage payment setup
Frequently Asked Questions
Can I buy a vacation home in Florida as a UK citizen?
Yes. Our UK citizen mortgage program is specifically designed for British citizens and residents purchasing second homes and vacation properties in the United States.
Can I finance a condo hotel or condotel?
Condo hotels and non-warrantable condos do not qualify under the UK citizen program. However, our Investment / Buy-to-Let program covers these property types. Contact us to discuss your options.
What is the minimum down payment for UK citizens?
The minimum down payment is 25-30% depending on the specific program and property type. Jumbo loan options are available for properties up to $10 million or more.
Do I need a U.S. credit history?
No. We accept UK credit history and credit reference letters. A credit history report may be required depending on the lender.
Is this program available outside Florida?
Yes. UK citizen mortgages are available through our network of nationwide lenders. Contact us for availability in your target state.
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 | Canadian Citizen Mortgage | 80% LTV Purchase | 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.