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Foreign National Loans in Glendale
Glendale attracts buyers from Armenia, Iran, China, and Korea who want Southern California property without permanent residency. Foreign nationals here typically target properties in the $800K-$2M range for investment or family use.
Non-QM lenders structure these deals differently than conventional loans. You'll need larger down payments and accept higher rates, but citizenship status won't block the purchase.
Most lenders require 30-40% down for foreign nationals buying in Glendale. Your passport and proof of income from your home country replace standard U.S. documentation.
Credit gets verified through international agencies or alternative reports. Bank statements from your home country work if they show sufficient reserves—typically 6-12 months of payments.
Only specialized non-QM lenders offer foreign national programs. Traditional banks won't touch these deals because they can't verify employment through U.S. systems.
Rates run 1.5-3% above conventional loans. Lenders price for cross-border collection risk and limited credit data. The gap narrows with larger down payments and strong reserves.
Foreign buyers in Glendale often overpay because they don't understand U.S. appraisal standards. Properties valued high in your home market don't always appraise the same here.
Bring 50% down instead of the minimum 30% if possible. You'll get better rates and avoid appraisal gaps that kill deals. Lenders also move faster when they see serious skin in the game.
ITIN loans require a U.S. tax ID number. Foreign national loans skip that requirement entirely—you can close with just your passport and international documents.
DSCR loans work if you're buying Glendale investment property that generates rental income. That route sometimes offers better pricing than straight foreign national programs for experienced investors.
Glendale sits in Los Angeles County with strong schools and established immigrant communities. Foreign buyers here face less scrutiny than in some coastal cities.
Property taxes run about 1.1% of assessed value. Foreign ownership doesn't trigger additional taxes in California, unlike some states. Budget for higher insurance if you're not occupying the property.
Yes, remote closings work through power of attorney or mobile notary services. Your broker coordinates document signing in your home country through approved channels.
Most lenders require 30-40% down, though some accept 25% with strong reserves. Larger down payments above 40% can reduce your interest rate significantly.
Bank statements, tax returns, and employer letters from your home country work. Some lenders accept financial statements translated by certified services.
No U.S. credit required. Lenders use international credit reports or evaluate your financial profile through bank statements and asset documentation.
Yes, most lenders allow investment purchases. Some even offer better terms if you document rental income potential through lease agreements or market analysis.
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.