Question 1

Can I buy farmland in San Joaquin without US citizenship?

Accepted Answer

Yes. Foreign nationals can purchase agricultural land with 30-40% down. Expect stricter underwriting and longer closings than residential properties.

Question 2

Do I need a US credit score for a foreign national loan?

Accepted Answer

No. Most lenders accept foreign credit reports or waive credit entirely. Your down payment and reserves matter more than credit history.

Question 3

What interest rates should I expect in San Joaquin?

Accepted Answer

Rates typically run 7-9% with 2-4 points in fees. Larger down payments and stronger reserves improve pricing. Rates vary by borrower profile and market conditions.

Question 4

How long does closing take for foreign national loans?

Accepted Answer

Plan for 45-60 days minimum. Document translation, international verification, and rural appraisals all extend timelines beyond conventional loans.

Question 5

Can I use a foreign national loan for a primary residence?

Accepted Answer

No. These loans are for investment properties or vacation homes only. You cannot occupy the property as your primary residence under this program.

Question 6

Do I need a US bank account to qualify?

Accepted Answer

Not always. Some lenders accept foreign bank statements with proper translation. Having a US account simplifies the process but isn't universally required.

Foreign National Loans in San Joaquin: Property Financing Without US Citizenship