Direct answer: A Mexican 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 Mexican citizen buy and finance in Florida?
Yes. No citizenship, residency, or visa is required. A Mexican 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 Mexico)
- Valid passport.
- Apostilled bank reference letter from your bank in Mexico.
- 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
Mexico and the U.S. have a partial tax treaty that can reduce double taxation in some cases. You must report the property and its income to the SAT, in addition to complying with the IRS (Form 1040-NR). Some lenders accept the RFC as a reference. A binational accountant can determine how this applies to your case. See taxes for foreigners in Florida.
Banks and transfers from Mexico
Banks like Citibank have a presence in Mexico, which makes the banking relationship and transfers easier. You’ll need an apostilled reference letter from your Mexican bank; some lenders accept the RFC. Opening a U.S. account speeds up 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 Mexican citizen get a mortgage without being a resident?
Yes, with a passport and proof of funds or rental income; no visa or U.S. credit required.
How much down payment in 2026?
25-30%; rising to 35-40% if DSCR is below 1.0; closing costs are separate.
How do taxes work between the two countries?
Mexico has a partial tax treaty with the U.S.; you report to both the SAT and the IRS. A binational accountant evaluates how this applies to your case.
Ready to finance your property in Florida from Mexico?
Schedule a free consultation with Florida HomeGroup Realty and we’ll guide you through it remotely.
