Direct answer
A Colombian citizen can get a mortgage in Florida without being a U.S. resident or citizen. With a passport, an apostilled bank letter, and proof of funds, you can access foreign national or DSCR programs with a down payment of 25% to 30% in 2026. The purchase doesn’t grant a visa or residency.
Full financing picture: mortgage financing for foreigners in Florida guide.
Can a Colombian citizen buy and finance in Florida?
Yes. No citizenship, residency, or visa is required. A Colombian citizen can get a Foreign National Mortgage or a DSCR loan with their passport and proof of funds or rental income. The purchase doesn’t grant any immigration benefits: it’s a real estate transaction.
Requirements and documents (from Colombia)
- Valid passport.
- Apostilled bank reference letter from your bank in Colombia.
- Bank statements from the last 6 months.
- Proof of funds for the down payment and closing costs.
- W-8BEN form (non-resident alien declaration).
- Proof of income or, for DSCR, an estimate of the property’s rental income.
Paperwork details: documents to buy a house in Florida.
Down payment, rates, and 2026 conditions
| Item | 2026 value |
|---|---|
| Down payment | 25-30% (35-40% if DSCR below 1.0) |
| Interest rate | From ~7% annually (non-resident, mid-2026) |
| Financing (LTV) | Up to 70-75% |
| Term | 15 to 30 years |
| Reserves | 6-12 months of payments |
How much you need for the down payment: down payment for foreigners. Qualifying by rental income without showing your income: DSCR loan for foreigners.
Taxes and double taxation
Colombia doesn’t have a comprehensive tax treaty with the U.S., so there’s a risk of double taxation on rental income. You must report the property and its income to the DIAN, in addition to complying with the IRS (Form 1040-NR). An accountant with binational experience can reduce the impact. See taxes for foreigners in Florida.
Banks and transfers from Colombia
Banks like Citibank have a presence in Colombia, which makes the banking relationship and transfers easier. You’ll need an apostilled reference letter from your Colombian bank; opening a U.S. account speeds up monthly payments and avoids international transfer fees.
The process, step by step
Pre-approval, gathering documents and proof of funds, appraisal (with market rent if it’s a DSCR loan), underwriting, and closing, which can be done remotely with an electronic signature and online notarization. With a ready file, 30 to 45 days.
Frequently asked questions
Can a Colombian get a mortgage without being a resident?
Yes, with a passport and proof of funds or income; no visa or U.S. credit required.
What documents does the bank ask a Colombian for?
Valid passport, apostilled bank reference letter, the last 6 months of statements, proof of funds for the down payment and, if applicable, Form W-8BEN. International credit history is viewed favorably.
How much down payment in 2026?
25-30%; up to 35-40% if DSCR is below 1.0; closing costs separate.
Can I pay the mortgage from my country?
Yes, through international wire transfers or from a local U.S. account.
How do taxes work between the two countries?
Colombia has no comprehensive tax treaty with the U.S.; you must file with the DIAN and the IRS. A bi-national accountant can minimize double taxation.
Ready to finance your property in Florida from Colombia?
Schedule a free consultation with Florida HomeGroup Realty and we’ll guide you through it remotely.
