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Foreign National Loans in La Habra Heights
La Habra Heights sits in the Puente Hills with larger estate parcels that attract international buyers. Foreign nationals target this area for privacy, quality schools, and proximity to business hubs.
Most international buyers here come with significant assets but no US credit history. That gap between wealth and traditional qualification is exactly what foreign national loans solve.
Expect 30-40% down minimum, sometimes 50% on properties above $2 million. Lenders verify foreign bank statements and asset documentation from your home country.
You need a valid passport and proof of income or assets outside the US. No Social Security number, no ITIN, no US tax returns required.
Only portfolio lenders and private capital touch foreign national deals. Your Chase or Bank of America won't help here—they can't sell these loans to Fannie Mae.
We work with lenders who specialize in cross-border documentation. They understand apostilled bank statements and foreign property appraisals.
Rates run 1-3 points above conventional. That premium reflects the lender's risk and inability to verify income through IRS transcripts.
I see Chinese and Middle Eastern buyers use these loans for investment properties and secondary residences. They prefer larger down payments to avoid currency exposure.
Get your foreign documents translated and notarized before starting. Lenders need apostilles on bank statements going back 12 months.
The deal breaks when buyers underestimate closing reserves. Lenders want to see 12-24 months of payments in liquid assets post-closing.
If you have an ITIN and can show US tax returns, ITIN loans offer better rates. If you're buying as pure investment, DSCR loans ignore your income entirely.
Foreign national loans give you the fastest path when you have zero US documentation. No tax ID, no problem—just heavier cash requirements.
La Habra Heights properties often sit on half-acre to multi-acre lots. Foreign lenders treat larger parcels differently—some cap at 5 acres, others need environmental reports.
Title insurance gets complex with foreign buyers. Budget extra time for FIRPTA tax withholding discussions if you plan to sell.
The city has no commercial zones. This is pure residential, which works well since foreign national loans rarely cover commercial property anyway.
Yes, but closing requires notarization. Most buyers use a power of attorney or mobile notary to handle remote closings.
They verify assets more than income. Bank statements showing consistent deposits work better than employment letters.
Rates run 6-9% depending on down payment size and property type. Larger down payments get you closer to 6%.
Yes, and DSCR loans might offer better terms since they ignore borrower income entirely. Compare both options.
Plan for 45-60 days. International document verification and translation add time compared to conventional 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.