Faena Residences Miami

Buying from overseas? You may not need to pay all cash.

Most overseas buyers are told a South Florida preconstruction purchase is a cash deal. It often isn’t. Non-resident foreign-national loan programs are built for buyers without US credit or US income history: a qualified purchaser can finance the bulk of the price through a US lender and bring the rest as a down payment. Lenders underwrite the property and your documented finances from home rather than a US credit score.

Illustrative only. The figures above are a simple arithmetic example built from the project’s starting price — not a quote, a rate, an approval, or a commitment to lend. Actual down payment, rate, reserve and documentation requirements depend on the lender, the program, the project, and your own situation, and preconstruction deposit schedules set by the developer are separate from any loan, which typically funds at closing. SoFloCondoVerify is not a lender.