Generally, a credit report is not needed unless the applicant has a U.S. Social Security number. All documents must be originals on corporate letterhead and must be translated into English, and all sums should be converted into U.S. dollars. If the purchase of a home isn't all that different for a foreign buyer, some of the events surrounding the purchase can be. Because cash is king in a real estate deal for non-residents, the key becomes getting that money into the country. The law calls for a 10 percent withholding on the taxable gain at the time of sale, with that sum applied to the foreign national's tax liability.
Some states have their own withholding rules, as well.
Generally, a credit report is not needed unless the applicant has a U.S. Social Security number. A letter from the applicant's employer stating salary history or, in the case of self-employed borrowers, a letter from a certified public accountant stating the applicant's annual income for the past two years is a common requirement.