Question 1

Do I need to visit the US to close on an Orinda property?

Accepted Answer

Most lenders allow remote closing through consulates or with power of attorney. You'll need notarized documents, but in-person US travel isn't always required.

Question 2

Can I use foreign income to qualify?

Accepted Answer

Yes, lenders accept income from any country. Documentation must be translated to English by certified translators and may need additional verification.

Question 3

What down payment do foreign nationals need in Orinda?

Accepted Answer

Expect 30-40% down for most programs. Some portfolio lenders go to 25% for strong borrowers with significant assets and larger loan amounts.

Question 4

How do rates compare to conventional mortgages?

Accepted Answer

Foreign national rates typically run 1-2% higher than conventional loans. Exact pricing depends on down payment, loan size, and your overall financial profile.

Question 5

Can I rent out my Orinda property?

Accepted Answer

Yes, both investment properties and second homes are allowed. Some lenders price them the same, others charge slightly more for pure investment purchases.

Foreign National Loans in Orinda: Financing for International Buyers