Yes, Bahamian citizens can obtain a mortgage to purchase property in Florida. The Bahamas is just 50 miles from the Florida coast, and many Bahamians already own property or have business ties in the state. Lenders are very familiar with Bahamian applicants, and the BSD is pegged 1:1 to the US dollar, simplifying the financial process. Down payments start at 25%.
25%
Minimum
Bahamian buyers typically need a 25% down payment, valid passport, NIB number, TIN, 12 months of bank statements from Bahamian institutions, 2-3 bank reference letters, proof of income (employment letter or tax returns), and a CPA letter. The BSD is pegged to the USD, which simplifies currency documentation. A US bank account is helpful but not always required at the application stage. Reserves of 12 months of mortgage payments must be verified.
The typical mortgage process for Bahamian buyers takes 30-45 days from application to closing. Pre-qualification can be done in 1-2 days, document collection takes 1-2 weeks, underwriting 2-3 weeks, and closing 1 week. The proximity of the Bahamas to Florida and the USD-pegged currency can help streamline the process.
Contact us for a free consultation about your mortgage options as a foreign national buyer.
We review your financial profile and determine your estimated loan eligibility and terms.
Gather your country-specific documents with our personalized checklist and expert guidance.
Submit your complete application package to our partnered lenders for review.
Your application is reviewed and approved. We handle all communication with the lender.
Sign your documents and receive your keys. Remote closing options are available.
Bahamian citizens can finance Florida property with a 25% minimum down payment using their NIB number, TIN, passport, and bank reference letters. The BSD is pegged 1:1 to the USD, eliminating currency risk. Since the Bahamas has no income tax, lenders rely on bank statements and CPA letters. HFG International specializes in Bahamian buyer mortgages, leveraging the islands' proximity to Florida and strong banking ties.
Call Medardo F. Cevallos — he understands the Bahamas mortgage process.
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