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Maywood sits in Los Angeles County, where the median household income is $87,760. That income supports homes across a wide price range in this market. Foreign nationals buying here face different underwriting than U.S. citizens, but the path is direct.
Most foreign national lenders require an ITIN (Individual Taxpayer Identification Number) or valid visa. Down payments typically start at 30% to 50% depending on the lender and your credit profile.
680–700
Minimum FICO
30% to 50%
Down Payment Range
45–60 days
Underwriting Timeline
+0.5% to +1.5%
Rate Premium vs. Conventional
$87,760
County Median Income
Foreign National Loans in Maywood
Foreign national loans in Maywood require a minimum FICO score of 680 to 700, depending on the lender. You'll need proof of income (tax returns, bank statements, or employment letters from your home country). A valid passport and visa or ITIN are mandatory.
Down payments run 30% to 50% on most programs. Reserves (liquid assets) of 6 to 12 months are common. Los Angeles County's median household income of $87,760 means that income level qualifies for homes in the mid-range here, though foreign nationals often...
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Maywood.
Maywood sits in Los Angeles County, where the median household income is $87,760. That income supports homes across a wide price range in this market. Foreign nationals buying here face different underwriting than U.S. citizens, but the path is direct.
Most foreign national lenders require an ITIN (Individual Taxpayer Identification Number) or valid visa. Down payments typically start at 30% to 50% depending on the lender and your credit profile.
Foreign national loans in Maywood require a minimum FICO score of 680 to 700, depending on the lender. You'll need proof of income (tax returns, bank statements, or employment letters from your home country). A valid passport and visa or ITIN are mandatory.
Foreign national lending in California is a niche market. Most mainstream lenders (Bank of America, Wells Fargo, Chase) do not offer these loans. Specialized mortgage brokers and portfolio lenders dominate this space.
Underwriting takes 45 to 60 days because every document must be verified and often translated. Appraisals may require additional scrutiny. Closing costs run 3% to 5% of the loan amount.
Foreign national loans make sense in Maywood when you have substantial down payment savings and a stable income source outside the U.S. The 30% to 50% down requirement is steep, but it protects you from rate penalties.
The real advantage appears when you're buying with cash reserves from abroad. A foreign national with $500,000 in savings and a $1,000,000 purchase price qualifies easily. A foreign national with $50,000 saved for the same home does not.
If you hold a valid visa, FHA loans offer a lower rate and require only 3.5% down. The tradeoff: mortgage insurance runs for the life of the loan unless you refinance.
Conventional loans for visa holders sit between the two. They require 20% down to avoid PMI and offer rates lower than foreign national programs. The catch: conventional lenders often decline foreign nationals outright.
Maywood is a working-class community in southeast Los Angeles County with strong ties to immigrant communities. Many residents are first-generation homeowners or business owners.
The city's proximity to Long Beach and downtown Los Angeles makes it attractive for international buyers who work in those areas. Commute times are manageable.
Yes. An ITIN (Individual Taxpayer Identification Number) or valid visa is required. Most lenders accept either. An ITIN takes 4 to 6 weeks to obtain from the IRS if you don't have one. Apply early in your mortgage process.
Most lenders require 30% to 50% down. Some portfolio lenders go as low as 25% with strong reserves and credit. The exact amount depends on your FICO score, liquid assets, and the lender's appetite for foreign national risk.
Plan for 45 to 60 days. U.S. citizen loans close in 30 to 40 days. Foreign national loans take longer because every document must be verified, often translated, and cross-checked with your home country's records.
Yes. Most lenders accept tax returns, employment letters, and bank statements from your home country. They must be translated into English by a certified translator. Lenders verify income directly with your employer or tax authority when possible.
Yes, typically 0.5% to 1.5% higher. The premium reflects added underwriting cost and risk. Your down payment (30% to 50%) and reserves offset some of that risk, but the rate spread remains.