How Non-Residents Can Secure Loans Without a U.S. Credit History or Earned Income

Nov 8, 2023

Securing loans in the United States can be a daunting task for non-residents, particularly those without a U.S. credit history or earned income. Whether you’re an expatriate, a foreign student, or someone who recently moved to the U.S., there are options available that can help you access the financing you need. Here’s how non-residents can secure loans without a U.S. credit history or earned income.

  • Explore International Lenders: offers loans to non-residents who lack a U.S. credit history or employment in the country. These loans are often designed to cater to the specific needs of non-residents and may require different documentation and qualifications.
  • Collateral-Based Loans: Secured loans, where you offer collateral such as property, vehicle, or other valuable assets, can be easier to obtain without a U.S. credit history or earned income. Lenders are more willing to extend credit when they have an asset to secure the loan.
  • Cosigner or Guarantor: Another way to secure a loan is to have a U.S. resident with a solid credit history act as a cosigner or guarantor for your loan. The cosigner’s creditworthiness can compensate for your lack of a credit history or income.
  • Credit Builder Loans: We offer credit builder loans designed to help individuals build a U.S. credit history. These loans typically have lower borrowing limits but can be a stepping stone toward establishing credit.
  • International Student Loans: If you’re a foreign student studying in the U.S., you can explore international student loans specifically tailored to your needs. These loans may not require a credit history or income.
  • Microloans and Peer-to-Peer Lending: Microloans and peer-to-peer lending platforms can be more flexible in their lending criteria. While interest rates may be higher, they can provide access to small loans without a U.S. credit history.
  • Consult with a Mortgage Broker: If you’re looking to purchase a home, consider working with which specializes in non-resident loans. We have access to a network of lenders who are familiar with the unique needs of non-resident borrowers.
  • Build a U.S. Credit History: Over time, you can establish a U.S. credit history by opening a credit card, paying bills on time, and making other financial transactions that contribute to your credit profile. This will make it easier to secure loans in the future.

Securing loans as a non-resident without a U.S. credit history or earned income may require some creative solutions and a bit of patience. By exploring international lenders, offering collateral, enlisting a cosigner, and considering specialized loan options, non-residents can find ways to access the financing they need to pursue their goals and dreams in the United States.