Question 1

Can I get a foreign national loan without a US credit score?

Accepted Answer

Yes. Most lenders accept credit reports from your home country or bank reference letters. US credit history isn't required for foreign national programs.

Question 2

What down payment do I need for Clearlake property as a foreign buyer?

Accepted Answer

Expect 30-40% down minimum. Some lenders go to 25% for strong borrower profiles, but 35% down is most common for foreign national loans.

Question 3

Do foreign national loans work for vacation rentals in Clearlake?

Accepted Answer

Yes. Vacation properties work well for these programs. If you plan short-term rentals, consider DSCR loans instead for better pricing.

Question 4

How long does closing take for foreign national loans?

Accepted Answer

Plan 60-75 days minimum. International fund verification and documentation review takes longer than domestic mortgages, especially for wire transfers from abroad.

Question 5

Can I close in an LLC or trust as a foreign buyer?

Accepted Answer

You'll need a US-formed entity. Foreign LLCs don't work for title vesting. Many foreign buyers form California LLCs specifically for property purchases.

Foreign National Loans in Clearlake — Finance CA Property Without US Citizenship