Question 1

Can I get a foreign national loan without visiting the US?

Accepted Answer

Yes. You can sign closing documents at a US embassy or through remote online notarization in many cases. Property inspection happens without you present.

Question 2

What down payment do I need in Lemoore?

Accepted Answer

Most lenders require 30-35% down for single-family rentals. Condos and multi-unit properties may require 40% down depending on the lender.

Question 3

Do I need a US bank account to qualify?

Accepted Answer

No, but you'll need one to close. Lenders accept foreign bank statements for qualification but require US account for mortgage payments.

Question 4

How do lenders verify my foreign income?

Accepted Answer

They require certified English translations of tax returns or 12-24 months of bank statements showing deposits. CPAs in your home country can provide verification letters.

Question 5

What happens if I want to sell in two years?

Accepted Answer

Most foreign national loans have prepayment penalties for 3-5 years. Budget 1-3% of loan balance as penalty if selling early.

Foreign National Loans in Lemoore: Finance California Property Without US Citizenship