Question 1

Can I get a foreign national loan with no US credit history?

Accepted Answer

Yes. Most lenders skip US credit entirely and review foreign credit reports or rely on asset verification. Strong bank balances and larger down payments offset missing US credit.

Question 2

What down payment do I need as a foreign buyer in Fowler?

Accepted Answer

Expect 25-40% down depending on visa status and property use. Investment properties typically need 30-40%. Primary residences may qualify at 25% with strong documentation.

Question 3

How long does foreign national loan approval take?

Accepted Answer

Plan for 60-90 days instead of 30. Foreign document translation and international verification add weeks. Start early if you have a purchase deadline.

Question 4

Do I need to travel to California to close my loan?

Accepted Answer

Not always. Remote online notarization works for some lenders. Others require in-person closing or embassy notarization in your home country.

Question 5

Can I use foreign currency accounts for down payment?

Accepted Answer

Yes. Lenders accept foreign currency wire transfers. Expect documentation showing the money trail from your account. Currency conversion happens at closing through the title company.

Foreign National Loans in Fowler — Finance California Property Without US Citizenship