Question 1

Can I get a foreign national loan without visiting the United States?

Accepted Answer

Yes, remote closings work through power of attorney and digital notarization. You'll still need U.S. bank accounts and proper wire transfer coordination.

Question 2

Do foreign national loans require currency exchange at closing?

Accepted Answer

Lenders require U.S. dollar transactions for all closing costs and down payments. Coordinate with international banks experienced in large real estate wires.

Question 3

What happens if I later get a green card or work visa?

Accepted Answer

You can refinance into conventional financing with better rates once you establish U.S. residency. Most borrowers refinance within 2-3 years of immigration.

Question 4

Are interest payments tax deductible in my home country?

Accepted Answer

Tax treatment depends entirely on your home country laws. Consult international tax advisors familiar with cross-border real estate holdings.

Question 5

Can I use foreign property as collateral instead of larger down payments?

Accepted Answer

No, U.S. lenders only collateralize domestic real estate. Foreign assets count as reserves but not as security for the loan.

Question 6

Do Sierra Madre properties qualify as primary residences for foreign nationals?

Accepted Answer

Most lenders classify foreign national purchases as second homes or investments. True primary residence requires substantial U.S. presence documentation.

Foreign National Loans in Sierra Madre: Finance U.S. Property Without Citizenship or SSN