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Inglewood attracts foreign buyers eyeing proximity to LAX, SoFi Stadium, and the future Clippers arena. Most foreign nationals here want investment properties or secondary residences near major entertainment and business hubs.
Foreign national loans let you buy without a Social Security number, US credit history, or permanent residency. These programs work for cash-flowing rentals and personal-use properties in markets where international buyers see growth potential.
Los Angeles County draws significant foreign investment capital. Inglewood's redevelopment corridor makes it especially attractive to buyers from Canada, China, Mexico, and the Middle East looking for appreciation plays.
Foreign National Loans in Inglewood
Most lenders require 30-40% down for foreign national loans in Inglewood. You'll need a valid passport, proof of foreign income or assets, and typically liquid reserves covering 6-12 months of payments.
US credit isn't required, but lenders review your home country credit report if available. Income documentation varies—some accept foreign tax returns, others rely purely on asset verification or rental income potential.
Primary residences qualify less often than investment properties. If you're buying for personal use, expect higher down payments and stricter documentation than investment purchases generating verifiable rental income.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Inglewood.
Inglewood attracts foreign buyers eyeing proximity to LAX, SoFi Stadium, and the future Clippers arena. Most foreign nationals here want investment properties or secondary residences near major entertainment and business hubs.
Foreign national loans let you buy without a Social Security number, US credit history, or permanent residency. These programs work for cash-flowing rentals and personal-use properties in markets where international buyers see growth potential.
Los Angeles County draws significant foreign investment capital. Inglewood's redevelopment corridor makes it especially attractive to buyers from Canada, China, Mexico, and the Middle East looking for appreciation plays.
Only specialized non-QM lenders offer foreign national programs—you won't find these at Chase or Wells Fargo. Each lender structures programs differently, with varying down payment, reserve, and documentation requirements.
Some lenders base approval on US rental income using DSCR ratios. Others focus on global assets and liquidity. A few require full foreign income documentation with third-party translation and verification.
Rate spreads between lenders can hit 1-2% on identical borrower profiles. The foreign national space has less standardization than conventional loans, making broker access to multiple lenders genuinely valuable.
Foreign national deals take 45-60 days minimum. Document translation, foreign bank verification, and entity structuring all add time. Budget extra weeks beyond a typical purchase timeline.
Many foreign buyers create LLCs to hold property, which adds another layer of underwriting. Some lenders allow entity ownership, others require personal guarantees. Know your lender's entity requirements before making offers.
Wire fraud is a major concern with foreign buyers. Use only verified wire instructions from your title company and lawyer. We see attempted fraud on roughly 15% of foreign national deals—usually fake email chains spoofing legitimate parties.
If you have an ITIN, those loans often beat foreign national programs with lower rates and down payments. ITIN loans start at 15-20% down versus 30-40% for foreign nationals.
DSCR loans work for foreign buyers purchasing investment properties without requiring foreign income documentation. You might qualify for better terms using US rental income alone rather than proving foreign earnings.
Some foreign nationals with significant US assets qualify for asset depletion loans. These calculate income based on your US bank and investment accounts, avoiding foreign documentation entirely.
Inglewood's rental market supports foreign investor strategies. Proximity to LAX, SoFi, and the Intuit Dome creates strong short-term and long-term rental demand from business travelers and event attendees.
LA County transfer taxes and potential mansion taxes matter for foreign investors. California's tax structure differs from many countries—consult a CPA familiar with foreign ownership before purchasing.
HOA restrictions in some Inglewood developments limit short-term rentals. Verify rental policies before closing if your investment strategy depends on Airbnb or corporate housing income.
Earthquake insurance isn't required but often recommended. Foreign lenders sometimes mandate it in California, adding $800-2000 annually to operating costs that affect DSCR calculations.
Yes, most lenders allow remote closings with notarized documents. You'll need a US-based attorney or representative for signing, and some lenders require video verification of your identity.
Most include 1-5 year prepayment penalties, though some lenders offer penalty-free options at higher rates. Expect penalties on roughly 80% of foreign national programs we quote.
Foreign national rates run 7-10% currently, roughly 2-4% above conventional loans. Rates vary by borrower profile and market conditions, with larger down payments earning better pricing.
No, lenders require cash down payments seasoned in US or accessible foreign bank accounts. Cross-collateralization with foreign property doesn't work for most programs.
No US credit history is required. Lenders may review foreign credit reports if available, but most base approval on assets, reserves, and property income potential.
Requirements vary—some accept translated tax returns and bank statements, others use CPA letters or employer verification. Asset-based programs skip income verification entirely.