Question 1

Can a foreign national buy a vacation home in South Lake Tahoe?

Accepted Answer

Yes. Non-US citizens can legally own California real estate. Foreign national loan programs are built exactly for this.

Question 2

Do I need a US bank account to qualify?

Accepted Answer

Not always. Many lenders accept foreign bank statements. Translated and certified docs are usually required.

Question 3

How much do I need to put down as a foreign national?

Accepted Answer

Expect 25-40% down. The exact amount depends on your country of origin and the lender's guidelines.

Question 4

Can I use rental income from the property to qualify?

Accepted Answer

Some lenders allow DSCR-style qualification for foreign nationals. The property's rental income can offset income documentation requirements.

Question 5

What is the difference between a foreign national loan and an ITIN loan?

Accepted Answer

ITIN loans require a US tax ID number. Foreign national loans don't. ITIN programs often carry better rates if you qualify.

Question 6

Are foreign national loan rates higher than conventional rates?

Accepted Answer

Yes. Non-QM products carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.

Foreign National Loans in South Lake Tahoe