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Newark sits in Alameda County, deep in the Bay Area. International buyers are active here — proximity to Silicon Valley makes it attractive.
Foreign national loans fill a real gap. Most conventional programs require a Social Security number and US credit history. These don't.
30%
Min Down Payment
12 months
Reserves Required
Not required
US Credit Score
Non-QM
Loan Type
You need a valid passport and visa. Most lenders want a B1, B2, H-1B, L-1, or O-1 visa — though some lenders accept others.
Expect a 30% down payment minimum. Credit from your home country won't transfer, so lenders rely heavily on assets and reserves.
Big retail banks rarely touch foreign national loans. You need a non-QM lender — one that holds loans on their own balance sheet.
Rates run higher than conventional. Bankrate flagged benchmark rates at 6.19% this week — foreign national pricing adds a premium on top of that. Rates vary by borrower profile and market conditions.
Foreign national files live or die on documentation. Get your foreign bank statements translated and certified before you apply.
We shop this across 200+ wholesale lenders. Most borrowers calling retail banks get turned away. Wholesale opens options retail can't touch.
If you have an ITIN, an ITIN loan may get you better terms. Those programs treat you closer to a domestic borrower.
Investors buying rentals should look at DSCR loans too. If the property cash flows, your personal income doesn't matter at all.
Newark attracts tech workers relocating from abroad. Many arrive on H-1B visas before establishing US credit — foreign national loans bridge that gap.
Alameda County is a high-cost area. That works in your favor — properties here hold value, which lenders factor into risk assessment.
Some lenders allow B1/B2 visa holders to purchase. You'll need strong reserves and a larger down payment — typically 35% or more.
Not always. Foreign bank statements work, but they must be translated and certified. Some lenders require funds wired to a US account at closing.
Most programs don't use US credit scoring. Lenders evaluate your foreign credit report or substitute it with asset documentation.
Most lenders want 12 months of mortgage payments in liquid reserves. Some require more depending on visa type and loan size.
Yes. Many foreign national buyers purchase as investment properties. A DSCR loan may actually work better if rental income covers the payment.
Foreign National Loans in Newark