Question 1

Can I buy in Alameda with no US credit score?

Accepted Answer

Yes. Many foreign national programs use alternative credit history like international credit reports or bank references. A larger down payment helps.

Question 2

What visa types are accepted?

Accepted Answer

Most lenders accept B1/B2, E, H, L, and O visas. Some programs work with buyers outside the US entirely. It depends on the lender.

Question 3

How much do I need for a down payment?

Accepted Answer

Plan for at least 25-30% down. Some lenders require more depending on your visa status and the loan amount.

Question 4

Do I need a US bank account to close?

Accepted Answer

Almost always yes. Lenders require US-based funds at closing. Open an account early and document your wire transfers carefully.

Question 5

Are foreign national loans more expensive than conventional loans?

Accepted Answer

Yes. Rates run higher than conventional loans. Lenders price in the added risk of no US credit ties. Rates vary by borrower profile and market conditions.

Question 6

Can a foreign national buy an investment property in Alameda?

Accepted Answer

Yes. Investment purchases are common under these programs. A DSCR loan may also work if the property generates rental income.

Foreign National Loans in Alameda, CA