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Foreign nationals can buy property in the US, but buying property gives no visa or residency; you need a separate visa to stay. The EB-5 investor visa is an investment in a job-creating project, not a personal home purchase. Iranian nationals face serious sanctions limits on purchases, transfers and bank accounts.
Key points
| Topic | Details |
|---|---|
| Residency | None |
| Mortgages | Possible for non-residents, with larger deposits and stricter terms |
| Annual tax | Property tax by state and county |
| Sale | Under FIRPTA part of the sale price is withheld for foreign sellers' tax |
Purchase steps
- Check that the purchase is legally possible given your nationality and source of funds
- Choose the property and make an offer
- Inspection, appraisal and title insurance
- Closing through an escrow company
Frequently asked questions
Does buying property in the US give a green card?
No. The investor green card (EB-5) has separate requirements. See investing in the US.
Can Iranians buy property in the US?
Sanctions severely limit transfers and transactions for Iranian nationals and residents; do not act without precise legal advice.
Can foreigners get a US mortgage?
Some lenders offer non-resident mortgages, usually with higher deposits and rates.
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