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Foreign National Loans in Coalinga
Coalinga attracts foreign nationals looking for California real estate at a fraction of coastal prices. Agricultural and investment properties dominate this market.
Most foreign national buyers here target rental properties or land investments. Coalinga's stable rental demand from the prison and college creates predictable cash flow for international investors.
Foreign national loans require 30-40% down payment minimum. Credit history from your home country often works if properly documented and translated.
You don't need US credit, Social Security number, or residency status. Passport and proof of funds are the starting point for most lenders we work with.
Only about 20 of our 200+ lenders offer true foreign national programs. Most require the property to be investment-only, not your primary residence.
Rates run 1.5-2.5% higher than conventional loans. Expect closing timelines of 45-60 days due to additional documentation review and verification steps.
Foreign nationals often pair these loans with DSCR programs when buying rental properties. The rental income covers the mortgage without personal income verification.
Get your documentation translated and notarized before starting. Bank statements, credit reports, and employment letters all need certified English translations to avoid delays.
ITIN loans require US tax history that foreign nationals rarely have. Asset depletion loans can work but require larger liquid reserves than most foreign buyers maintain stateside.
Bank statement loans need 12-24 months of US bank activity. Foreign national programs skip all this and focus on down payment strength and property value instead.
Coalinga properties rarely hit the price points where foreign national lending becomes restrictive. Most deals stay well under jumbo thresholds.
Title companies here have limited experience with foreign national transactions. We connect buyers with escrow officers who handle the passport verification and FIRPTA withholding requirements correctly.
Yes. Foreign national loans require only a valid passport and sufficient down payment. No visa, green card, or US residency required.
Most lenders require 30-40% down. Properties under $200k may need slightly higher down payments depending on the lender.
No. Lenders accept credit reports from your home country with certified English translation. Some lenders approve without any credit report.
Expect 45-60 days from application to closing. Document translation and verification add time compared to conventional loans.
Yes, but seasoning requirements apply. Most lenders require 12 months of ownership before cash-out refinancing is available.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.