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Foreign National Loans in South Gate
South Gate's industrial corridor and proximity to LAX make it attractive for international investors. Foreign nationals buy here for rental income or business access.
These loans don't require a Social Security number or US credit history. Lenders focus on your down payment and the property's cash flow potential.
Most foreign national borrowers in South Gate target multi-family or commercial properties. Residential purchases happen but expect different pricing.
You need 30-40% down for residential properties, sometimes 50% for investment deals. Cash reserves matter more than income documents.
Valid passport and proof of funds are your primary requirements. Some lenders want a letter explaining your investment purpose.
Credit checks happen in your home country if your lender has international bureaus. Otherwise, they skip credit entirely and price for risk.
Only about 15-20 lenders in our network handle foreign national deals. Each has different country restrictions and documentation needs.
Rates run 1.5-3% higher than conventional loans. You're paying for the extra risk lenders assume without domestic recourse.
Some lenders blacklist certain countries entirely. Others require specific visa types or residency status in particular nations.
Wire transfer protocols vary by lender. Budget extra time for international fund verification and AML compliance checks.
I shop your deal to lenders who accept your citizenship first. A Mexican national has different options than someone from China or Canada.
South Gate properties under $1M close easier than luxury purchases. Lenders see working-class rentals as lower volatility.
Expect 60-90 day closings minimum. International fund sourcing and translation delays push timelines beyond domestic deals.
Some borrowers form US LLCs thinking it helps. It doesn't. Lenders still treat you as foreign national if you're the member.
ITIN loans work if you already have US tax presence. Foreign national loans don't require any US footprint at all.
DSCR loans judge the property's rent coverage, not your citizenship. They're often cheaper if the numbers work.
Asset depletion programs let you qualify on liquid assets. They sometimes beat foreign national pricing if you're cash-heavy.
Bank statement loans require US business activity. Most foreign nationals don't qualify unless they run operations here.
South Gate sees buyers from Mexico, El Salvador, and Guatemala more than other countries. Geographic proximity and cultural ties drive this.
Industrial zoning near Tweedy Mile creates mixed-use opportunities. Some foreign nationals buy commercial ground-floor with residential above.
Property taxes run about 1.1% here. Foreign ownership doesn't change your tax rate, but you may face withholding on rental income.
Rental demand stays consistent from local workforce. Foreign buyers appreciate the predictable tenant base compared to luxury markets.
Yes, but you need a US-based representative with power of attorney for closing. Remote online notarization isn't available for these deals.
Residential investment properties typically require 35-40% down. Multi-family or commercial purchases may need 50% or more depending on the lender.
Most lenders require you to open a US account before closing. They want mortgage payments drawn domestically to avoid international transfer issues.
They usually don't verify income at all. Qualification focuses on your down payment size and the property's rental potential instead.
Mexico dominates due to proximity and cultural connections. We also see buyers from Central America and occasionally Asian investors.
Yes, but you'll likely need another foreign national product. Conventional refinance requires permanent residency or citizenship you don't have.
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.