Heaven Homes · Luna Answers
Answered by Luna AI

Can foreigners buy property in the USA?

Yes. There are no federal restrictions on foreign property ownership in the United States. You can purchase freely as a non-resident, non-citizen with just a passport and an ITIN (Individual Taxpayer Identification Number) for tax filings.

  • The process is largely identical to a domestic buyer:
  • Title insurance, escrow, inspection — same process
  • Closing typically 30–45 days from accepted offer
  • Closing costs: 2–5% of purchase price (varies by state)
  • Foreign-buyer-specific considerations:
  • Mortgages available but at higher rates / lower LTV (typically 60–70% for non-residents)
  • FIRPTA (Foreign Investment in Real Property Tax Act) — 15% of sale price withheld at resale; reclaim difference via tax return
  • State-specific restrictions emerging — Florida (2023), Texas (proposed), and others limit purchases by buyers from "foreign countries of concern" (CN, RU, IR, KP, VE, CU, SY); doesn't apply to most international buyers
  • Estate tax — applies to non-resident decedents' US property over $60,000 at federal level + state thresholds

No visa benefit to property purchase in the US — owning a home does not grant residency. EB-5 investor visa requires $800k–$1.05M investment in a Targeted Employment Area business, not a personal home.

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