Question 1

Can I get a foreign national loan without visiting the US?

Accepted Answer

Yes, but you'll need a US-based attorney with power of attorney to handle closing. Some lenders require in-person signing, which limits your options.

Question 2

What interest rates should I expect in Long Beach right now?

Accepted Answer

Foreign national rates currently run 7-9% depending on down payment and property type. Rates vary by borrower profile and market conditions.

Question 3

Do I need US bank accounts before applying?

Accepted Answer

Most lenders require you to open a US bank account for down payment and reserves verification. This usually happens during the application process, not before.

Question 4

Can I buy a multi-unit property as a foreign national?

Accepted Answer

Yes, but expect 40-45% down for 2-4 unit buildings. Single-family homes and condos typically require less down payment than multi-family properties.

Question 5

How long does Long Beach foreign national loan approval take?

Accepted Answer

Plan for 45-60 days from application to closing. Document translation and foreign income verification add 2-3 weeks versus domestic loans.

Question 6

Will my home country credit score matter?

Accepted Answer

Not directly—US lenders can't access most foreign credit bureaus. They'll review bank statements and reserves instead of traditional credit scoring.

Foreign National Loans in Long Beach: Finance California Property Without US Citizenship