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Foreign National Loans in South Pasadena
South Pasadena draws foreign buyers who want stable California real estate without U.S. residency requirements. Tree-lined streets and top-rated schools attract international families and investors.
Foreign national loans let non-citizens buy here with larger down payments and different documentation. Most deals close with 30-40% down, no Social Security number needed.
You need a valid passport, proof of income from your home country, and significant liquid assets. Credit history from your country works when U.S. credit doesn't exist.
Minimum down payment runs 30-35% for owner-occupied properties. Investment properties typically require 40% down. Lenders verify foreign income through bank statements or tax documents from your country.
Foreign national programs exist at specialized non-QM lenders, not traditional banks. Each lender has different country restrictions and documentation requirements.
Some lenders accept borrowers from any country. Others exclude specific nations based on compliance rules. Rate premiums over conventional loans run 1-2 percentage points due to higher risk.
Most foreign buyers underestimate the documentation timeline. Getting translated bank statements and income verification from overseas takes weeks, not days.
We see deals fall apart when buyers assume U.S. bank accounts established after arrival help qualification. Lenders want 12-24 months of seasoned foreign accounts. Cash purchases converted to delayed financing work better for buyers with new U.S. accounts.
ITIN loans work for foreign nationals who've established U.S. tax history and obtained an Individual Taxpayer Identification Number. Those require only 15-20% down versus 30-40% for foreign national programs.
DSCR loans suit foreign investors who want rental properties evaluated on cash flow, not personal income. Asset depletion loans help high-net-worth buyers without employment income use investment accounts for qualification.
South Pasadena's Craftsman homes and historic neighborhoods appeal to foreign buyers seeking American character. Properties here hold value better than newer developments during market shifts.
Los Angeles County's escrow and title process confuses foreign buyers used to different real estate systems. Plan for 45-60 day closings versus the 30 days typical for conventional loans. California's property tax system and Proposition 13 protections benefit long-term foreign owners.
Yes. Foreign national loans require only a valid passport, not a visa or residency status. You don't need to live in the United States to buy property here.
Expect 30-35% down for a primary residence and 40% for investment properties. Some lenders require 35% minimum regardless of property use.
Most lenders accept foreign income but some exclude specific countries. We match you with lenders who work with borrowers from your nation.
Plan for 45-60 days due to document translation and foreign income verification. Starting documentation early prevents delays.
Yes. Many buyers purchase with foreign national loans then refinance to ITIN or conventional loans after establishing U.S. credit and tax history.
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.