Question 1

Can I buy a home in Clovis without a U.S. credit score?

Accepted Answer

Yes. Foreign national loans don't require U.S. credit history. Lenders use your foreign financial profile and down payment instead.

Question 2

What visa types are eligible for foreign national loans?

Accepted Answer

Most visa types qualify, but terms vary. E-2, H-1B, and L-1 holders generally have more options than B-1 or B-2 visa holders.

Question 3

How much do I need to put down in Fresno County?

Accepted Answer

Plan for 25-30% down minimum. Some lenders require more depending on your visa status and the property type.

Question 4

Can I use a foreign national loan for a rental property in Clovis?

Accepted Answer

Yes, and investment properties are often easier to approve. A DSCR loan may also be worth comparing if the property generates rental income.

Question 5

Do I need a U.S. bank account to qualify?

Accepted Answer

Not always, but U.S.-held reserves make approval significantly easier. Most lenders want to verify liquid assets before closing.

Question 6

Are foreign national loan rates higher than conventional rates?

Accepted Answer

Yes. These are non-QM loans and carry a rate premium over conventional financing. Rates vary by borrower profile and market conditions.

Foreign National Loans in Clovis, CA