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Foreign National Loans in Malibu
Malibu attracts international buyers seeking high-end beachfront property as vacation homes or investment real estate. Most conventional lenders won't touch foreign nationals, creating a specialized niche.
These non-QM programs ignore US credit history entirely. Lenders underwrite based on global assets, down payment size, and property cash flow potential.
Expect stricter terms than domestic loans. Higher rates and larger down payments offset the lender's inability to verify foreign income through traditional channels.
Minimum 30-40% down payment depending on property type and purchase price. Investment properties require more skin in the game than second homes.
Valid passport and proof of foreign address establish identity. Bank statements from home country verify liquid assets covering down payment and reserves.
Most lenders require 6-12 months reserves after closing. They want to see you can handle payments even without verifiable US income.
Only specialized non-QM lenders offer these programs. Your neighborhood bank won't help, and most loan officers have never closed one.
Each lender sets their own country restrictions. Some exclude certain nations based on anti-money laundering concerns or geopolitical risk.
Rate pricing varies wildly between lenders. One might quote 8%, another 10% for identical scenarios based on their appetite for foreign risk.
Foreign nationals buying Malibu property often pay cash, then refinance after closing to pull equity out. This gives them leverage while avoiding purchase timeline stress.
Wire transfer documentation becomes critical. You'll need clear paper trail showing funds originated from legitimate foreign accounts, not just appearing mysteriously.
ITIN isn't required for foreign national loans, which confuses many borrowers. You can close without US tax ID if you're not establishing residency or income here.
ITIN loans require US tax identification and reported domestic income. Foreign national programs skip both requirements entirely.
DSCR loans work for income-producing rentals with strong cash flow. Foreign national programs approve based on your global wealth, not property income.
Asset depletion converts your liquid assets into qualifying income. Foreign national underwriting doesn't bother with income calculations at all.
Malibu's high property values mean even 30% down exceeds $600K on typical homes. Lenders want to see that cash seasoned in your accounts for 60+ days.
Beachfront properties face additional scrutiny around flood insurance and coastal erosion risk. Some foreign national lenders avoid oceanfront entirely.
Property management arrangements matter for investment properties. Lenders want to see you've hired local management since you're overseas.
Yes, but you'll need US-based representation with power of attorney for closing. Remote online notarization now works in California for some lenders.
Not for approval, but you'll need one to make payments. Most lenders require auto-debit from domestic account for payment processing.
Currently 8-11% depending on down payment size and property type. Rates vary by borrower profile and market conditions based on foreign risk premiums.
Foreign national programs don't verify income at all. Qualification depends entirely on down payment size, assets, and property value.
No, US lenders can't verify foreign credit reports. They ignore credit history and underwrite purely on assets and down payment.
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.