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Foreign National Loans in Huntington Park
Huntington Park attracts foreign buyers seeking rental income and long-term appreciation in LA County's core. Non-QM lenders finance these purchases without requiring US citizenship or credit history.
Most foreign national borrowers here target multi-family properties and small investment portfolios. Cash flow matters more than documentation status. Lenders typically require 30-40% down and verify income from any country.
You need a valid passport, proof of foreign income, and significant liquid assets. Lenders verify employment and income through international documentation, often requiring translation and notarization.
Expect rates 1-2% higher than conventional loans. Most programs cap at 70-75% LTV for purchases. Primary residences get better terms than investment properties, though most Huntington Park foreign buyers choose rentals.
Only specialized non-QM lenders handle foreign national loans. Your neighborhood bank won't touch these deals. We work with 15-20 lenders who actively finance non-US citizens in California.
Rate spreads vary wildly between lenders based on your country of origin and property type. Shopping multiple quotes saves 0.5-1% on rate. Some lenders prefer certain passport countries over others.
Foreign national deals close slower than typical mortgages due to documentation translation and international verification. Plan 60-90 days from application to funding. Sellers often prefer cash offers over foreign financed buyers.
Have your income docs translated by certified translators before shopping rates. Bank statements in your home currency work fine, but expect extra scrutiny on large deposits. Demonstrating stable employment history abroad matters more than credit scores.
ITIN loans require US tax identification but accept lower down payments around 20-25%. Foreign national programs need more cash down but skip US tax filing requirements entirely.
DSCR loans work well for foreign investors buying cash-flowing rentals. They ignore personal income and underwrite solely on rental income. For Huntington Park multi-family properties generating strong rents, DSCR often beats foreign national pricing.
Huntington Park's multi-family market appeals to Latin American investors familiar with dense urban housing. Properties here generate solid rental yields but require active property management or reliable local partnerships.
Title companies and appraisers in LA County handle foreign buyers routinely. Still, verify your lender works with title companies experienced in foreign national transactions. Some avoid the extra compliance work.
Yes, remote closings work through power of attorney or mobile notaries. Most lenders allow fully remote transactions for foreign national borrowers.
Expect 30-40% down for investment properties, 25-30% for primary residences. Higher down payments often unlock better rates from portfolio lenders.
Canada, UK, and Western European passports typically get best pricing. Most countries qualify, but rates vary based on lender comfort with specific regions.
No US credit required. Lenders verify income and assets from your home country instead of pulling American credit reports.
Plan 60-90 days total. International income verification and document translation add 2-3 weeks versus domestic 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.