Question 1

Can I get a foreign national loan with no US credit history?

Accepted Answer

Yes. Lenders use foreign credit reports or asset documentation instead. You don't need a US credit score.

Question 2

What visa types are acceptable for a Berkeley purchase?

Accepted Answer

Most investor visas and work visas qualify. Tourist visa holders can buy investment property but face restrictions on primary residences.

Question 3

How much do I need to put down in Berkeley?

Accepted Answer

Plan on 25-40% down. Higher down payments can improve your rate and increase lender options.

Question 4

Can I buy a rental property near UC Berkeley as a foreign national?

Accepted Answer

Yes. Rental properties are a common use case. A DSCR loan structured for foreign nationals may also be worth comparing.

Question 5

Are foreign national mortgage rates higher than conventional rates?

Accepted Answer

Yes, typically. The added risk and non-QM structure means higher rates. Rates vary by borrower profile and market conditions.

Question 6

Do I need a US bank account to qualify?

Accepted Answer

Not always, but it helps. Some lenders require a US account for payment setup. Ask your lender early.

Foreign National Loans in Berkeley, CA