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Alameda sits just across the estuary from Oakland. Its island setting and proximity to tech hubs make it a real target for international buyers.
Foreign national loans are non-QM products. That means they fall outside standard Fannie Mae and Freddie Mac guidelines — and require a specialist lender.
Not Always
US Credit Required
25-30%
Min Down Payment
Non-QM
Loan Type
Required at Close
US Bank Account
Foreign National Loans in Alameda
Most lenders want a valid foreign passport and a visa. Some programs accept buyers with no US credit history at all.
Down payments typically start at 25-30%. Lenders see these loans as higher risk without US credit ties.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Alameda.
Alameda sits just across the estuary from Oakland. Its island setting and proximity to tech hubs make it a real target for international buyers.
Foreign national loans are non-QM products. That means they fall outside standard Fannie Mae and Freddie Mac guidelines — and require a specialist lender.
Most lenders want a valid foreign passport and a visa. Some programs accept buyers with no US credit history at all.
Big retail banks rarely touch foreign national loans. You need wholesale lenders who specialize in non-QM products.
SRK CAPITAL works with 200+ wholesale lenders. Several of them actively price foreign national programs — that competition matters for your rate.
The biggest deal-killer I see: buyers who wait too long to open a US bank account. Do it before you start the purchase process.
Wire transfer documentation is critical. Lenders need a clear paper trail showing where your down payment funds originated.
If you have a US Individual Taxpayer ID, an ITIN loan may get you better terms than a standard foreign national program.
Investors buying rentals should also look at DSCR loans. Some DSCR lenders accept foreign nationals if the property cash flows.
Alameda is in Alameda County. Properties here are in a high-cost Bay Area market — budget accordingly for down payment requirements.
The city draws buyers from the Pacific Rim and Europe. International demand here is real, and foreign national programs are well-suited to this buyer pool.
Yes. Many foreign national programs use alternative credit history like international credit reports or bank references. A larger down payment helps.
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.
Plan for at least 25-30% down. Some lenders require more depending on your visa status and the loan amount.
Almost always yes. Lenders require US-based funds at closing. Open an account early and document your wire transfers carefully.
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.
Yes. Investment purchases are common under these programs. A DSCR loan may also work if the property generates rental income.