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Foreign National Loans in Bell
Bell's housing market attracts foreign nationals looking for accessible Los Angeles County real estate without sky-high prices. Most foreign buyers here purchase investment properties, not primary residences.
Traditional lenders won't touch foreign national deals. You need specialized non-QM lenders who underwrite based on property value and down payment, not your visa status.
You'll need 25-30% down minimum. Some lenders require 35% for non-warrantable condos or properties over $1 million.
Valid passport from your home country. Bank statements showing reserves equal to 6-12 months of payments. No U.S. work visa or residency required.
Credit gets pulled from your home country when possible. If that's not available, lenders underwrite based on asset strength and property cash flow potential.
Maybe 15-20 lenders in our network write foreign national loans. Most require the property to cash flow if it's an investment, which most Bell purchases are.
Rate pricing runs 1.5-2.5% above conventional rates. You're paying for the flexibility of no U.S. documentation and no citizenship requirement.
Some lenders cap at $2 million. Others go higher but tighten down payment and reserve requirements. Geographic restrictions vary by lender.
Most foreign nationals we work with in Bell are buying rental properties or housing for family members already in the U.S. Few buy as vacation homes.
Your biggest advantage as a foreign buyer in Bell: You're competing in a price range many institutional investors ignore. Properties under $700K don't interest Wall Street funds.
Structure matters. Some buyers benefit from purchasing through a U.S. LLC. Others go individual ownership. Tax and legal implications vary by your home country.
ITIN loans work if you have U.S. tax history. Foreign national loans work when you don't. Same lack of credit requirement, but ITIN loans typically price better.
DSCR loans are the domestic equivalent. If the property cash flows, you qualify. Foreign national loans add cross-border complexity but follow similar investment property logic.
Bell sits in a rental-heavy market. Most properties here generate positive cash flow, which helps meet lender requirements for investment properties.
Property values in Bell make the 25-30% down payment more achievable than coastal L.A. markets. You're looking at $150K-$200K down instead of $400K-$500K.
Title companies in L.A. County handle foreign national transactions regularly. Property insurance is straightforward. The infrastructure exists to close these deals smoothly.
Yes. Most lenders handle everything remotely with notarized documents from your home country. You can close without stepping foot in the U.S.
Rates vary by borrower profile and market conditions. Expect 1.5-2.5% above conventional rates, typically landing in the 8-10% range currently.
Not to qualify, but you'll need one to make payments. Most borrowers open a U.S. account during the purchase process.
Yes. Most foreign national loans in Bell are structured as investment property loans from day one. No occupancy requirement exists.
Your loan is in U.S. dollars. Currency fluctuations affect your cost in home currency but not your dollar payment amount.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.