Yes. Buyers who live in Venezuela can buy and finance a home in Florida through lenders that make foreign national loans. You usually do not need US credit or a Social Security number. Expect a larger down payment and a higher rate than a standard US loan.
Why buyers from Venezuela look at Florida
Many Venezuelan families have ties in South Florida and Central Florida and want a stable place for family to stay.
What the lender will ask for
- Your valid passport, and your visa if you have one.
- Recent bank statements from your accounts in Venezuela.
- A reference letter from your bank.
- A credit report from Venezuela if one is available, or other proof of how you pay your debts.
- English translations of documents that are not in English. Most lenders want a certified translation.
- Proof of where the down payment comes from.
Moving money from Venezuela
Your down payment and closing costs are paid in US dollars, so your bolívars or US dollars must be converted. US sanctions rules can affect banking for some transactions connected to Venezuela. Many buyers keep funds outside Venezuela. Talk with your bank and a US attorney before you move money, so the lender can follow the source of every dollar.
Lenders review where funds come from more closely when sanctions rules may apply. Plan extra time for this.
Using it and renting it out
If the home will be rented, a DSCR loan can qualify it on its expected rent. Rental rules depend on the exact address, so check Florida short term rental rules before you choose a home.
Visas and residency
Buying a home in the US does not by itself give you a visa or the right to live or work here. Talk with a US immigration attorney about visas.
Taxes, 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.
Check whether Venezuela has an income tax treaty with the US on the IRS tax treaty page.
The steps
- Send me your plan: where, what price range and how you will use the home.
- I match you with lenders that finance buyers from Venezuela and tell you what they will ask for.
- Gather your documents and start moving funds early.
- Find the home and sign the contract.
- Close. Many buyers sign closing documents abroad if the lender and title company allow it.
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 someone from Venezuela get a mortgage in Florida?
Yes. Some US lenders finance buyers who live in Venezuela, usually without US credit. Expect a larger down payment and a higher rate 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.
Does buying a home give me a visa?
No. Buying a home does not by itself give you a visa or residency. Talk with a US immigration attorney.