Families in Brazil can buy and finance a home in Orlando without a US Social Security number. Lenders that make foreign national loans use your passport, bank statements and bank references. Plan ahead for moving money out of Brazil, which must go through an authorized bank or exchange firm.
A home base for the family
Many Brazilian families buy near Orlando for trips to the parks, shopping and time together. A home with a pool and enough bedrooms for everyone is common. Some families rent it out when they are not visiting. Rental rules depend on the address, so check Florida short term rental rules first.
Buying without a US Social Security number
A foreign national loan does not usually require a Social Security number or US credit. The lender looks at your passport, bank statements, reference letters from your bank and your down payment. If the home will be rented, a DSCR loan can qualify it on its rent.
Moving money out of Brazil
Foreign exchange transfers from Brazil must go through institutions authorized by the Banco Central do Brasil, and taxes such as IOF can apply. Rates and rules change, so ask your bank before you send funds, and keep every receipt. The lender will ask where large deposits came from. Source: Banco Central do Brasil, foreign exchange guide.
Your name or an LLC
Many foreign owners hold the home in a US LLC. Lenders that allow it still ask for a personal guarantee. See buying in an LLC.
Tax, in plain words
US tax basics from the IRS: rental income from US property owned by a nonresident is taxed at 30% of the gross rent by default, unless you elect to be taxed on net income and file a US return (Form 1040-NR). When a foreign owner sells, the buyer generally must withhold 15% of the sale price under FIRPTA. See the IRS pages on nonresident real property and FIRPTA withholding. A cross border tax adviser can tell you how this fits with your home country.
Why families buy here
Room for the whole family, a pool and long meals together, close to the parks.
A place that feels like home every time you come back.
Back to Foreign national loans · buyers by country
Home Loans With Dane is a US mortgage broker. This page is general information, not tax or legal advice. Talk with a tax adviser in both countries before you buy.
Common questions
Can I buy a home in Orlando from Brazil?
Yes. Lenders that make foreign national loans finance Brazilian buyers without US credit. Expect a larger down payment than a standard US loan.
Do I need a Social Security number?
Usually not for a foreign national loan. Ask a tax adviser whether you need a US tax ID if you rent the home.
How do I send the down payment from Brazil?
Through a bank or exchange firm authorized by the Banco Central do Brasil. Start early and keep every receipt.