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Downey attracts foreign buyers for its aerospace legacy, proximity to major employment centers, and stable rental market. Foreign national loans let you buy here without a green card or Social Security number.
Los Angeles County sees strong international investment from buyers using property for family, education, or rental income. These non-QM loans skip traditional employment verification that most foreign buyers can't provide.
Foreign National Loans in Downey
Most lenders require 30-40% down payment for foreign national loans. You'll need a valid passport, proof of income from your home country, and foreign credit references.
Credit assessment uses international credit reports or bank statements showing reserves. Expect higher rates than conventional loans—typically 1-2% above standard mortgage rates.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Downey.
Downey attracts foreign buyers for its aerospace legacy, proximity to major employment centers, and stable rental market. Foreign national loans let you buy here without a green card or Social Security number.
Los Angeles County sees strong international investment from buyers using property for family, education, or rental income. These non-QM loans skip traditional employment verification that most foreign buyers can't provide.
Most lenders require 30-40% down payment for foreign national loans. You'll need a valid passport, proof of income from your home country, and foreign credit references.
Only specialized non-QM lenders offer foreign national programs. Big banks won't touch these deals—you need access to portfolio lenders and private capital sources.
We work with 15+ lenders who fund foreign national loans in California. Each has different country restrictions, down payment requirements, and documentation standards.
Foreign buyers often overpay because they grab the first lender who says yes. Shopping across multiple foreign national programs saves 0.5-1% on rate and thousands in fees.
Start documentation early—translating foreign bank statements and income documents takes time. The lender needs certified English translations for everything financial.
If you have an ITIN and U.S. tax returns, ITIN loans offer better rates than foreign national programs. If buying rental property, DSCR loans skip income verification entirely.
Foreign national loans work when you have no U.S. presence yet. Once you establish residency or get an ITIN, refinancing into standard programs cuts your rate significantly.
Downey's proximity to medical centers and aerospace firms attracts foreign professionals buying before relocation. The rental market supports investment purchases if you're not occupying immediately.
Los Angeles County requires additional property tax documentation for foreign ownership. Your lender handles this, but expect slightly longer escrow periods than domestic purchases.
Some lenders offer 25% down programs, but 30% is standard. Higher down payments unlock better rates and more lender options.
Restrictions vary by lender, but sanctioned countries are universally excluded. Some lenders also limit high-risk jurisdictions—we check eligibility before application.
You need accounts to close the transaction and hold reserves. Most lenders require opening U.S. accounts during the loan process.
Plan for 45-60 days from application to closing. Translation and verification of foreign documentation adds 2-3 weeks versus domestic loans.
Yes, once you obtain permanent residency or citizenship. Rates drop significantly when you qualify for agency loans.