Question 1

Can I buy in Chico without a US credit score?

Accepted Answer

Yes. Foreign national programs don't require a US credit history. Lenders use foreign bank references and asset documentation instead.

Question 2

What visa types are accepted?

Accepted Answer

Most programs accept B-1, B-2, and other non-immigrant visas. Some lenders also work with buyers who have no US visa requirement from their country.

Question 3

Can I use this loan for a rental property in Chico?

Accepted Answer

Yes. Many foreign national buyers purchase investment properties. A DSCR loan may also be worth comparing if the property cash flows.

Question 4

How much do I need to put down?

Accepted Answer

Expect 25–30% minimum on most foreign national programs. Some lenders require more depending on the property type and country of origin.

Question 5

Do I need a US bank account?

Accepted Answer

Not always, but it helps. Lenders want to verify where your down payment is coming from. A US account makes fund transfers easier to document.

Question 6

Are foreign national loan rates higher than conventional?

Accepted Answer

Yes. This is a non-QM product with more lender risk. Rates are higher than conventional. Rates vary by borrower profile and market conditions.

Foreign National Loans in Chico, CA