Question 1

Can a foreign national buy property in Ferndale without a US bank account?

Accepted Answer

Some lenders accept foreign bank statements. Having a US account helps, but it's not always required.

Question 2

What visa types are accepted for foreign national loans?

Accepted Answer

Most programs accept B1/B2, E, H, L, and O visas. Some lenders also lend to buyers with no US visa at all.

Question 3

Is 30% down always required?

Accepted Answer

Most programs start at 30% down for foreign nationals. Some lenders require more depending on property type and reserves.

Question 4

Can I use this loan to buy a rental property in Ferndale?

Accepted Answer

Yes. Foreign nationals can purchase investment properties. A DSCR loan may also be worth comparing for rental purchases.

Question 5

How long does a foreign national loan take to close in California?

Accepted Answer

Expect 45 to 60 days minimum. Document translation and foreign credit verification add time.

Foreign National Loans in Ferndale, CA