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Foreign National Loans 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.
Credit assessment uses international credit reports or bank statements showing reserves. Expect higher rates than conventional loans—typically 1-2% above standard mortgage rates.
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.
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.