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Foreign National Loans in Walnut
Walnut attracts foreign investors seeking quality schools and established neighborhoods near major Asian commercial hubs. Most foreign buyers here purchase as investment properties or eventual family residences.
This loan type exists specifically for non-US citizens without permanent residency or Social Security numbers. Traditional lenders won't touch these deals—you need specialized portfolio lenders.
Expect to put down 30-40% minimum on purchase properties. Lenders require valid passport, proof of foreign income, and US bank account for payments.
Most lenders want 6-12 months of reserves after closing. Credit from your home country helps but isn't always required—lenders focus on assets and down payment size.
Only about 20 lenders nationwide offer true foreign national programs. Rates run 1-2% higher than conventional loans, currently landing between 7.5-9.5% depending on profile.
These are portfolio loans—lenders hold them instead of selling to Fannie Mae. That means each lender sets their own rules on citizenship, down payment, and documentation.
Most Walnut foreign buyers come from China, Taiwan, and South Korea with significant liquid assets. The challenge isn't qualifying—it's choosing between asset-based approval and income verification from abroad.
I route most deals through asset depletion when buyers hold substantial US bank or investment accounts. It's cleaner than translating foreign tax returns and dealing with currency conversion documentation.
ITIN loans work for foreign nationals living in the US with tax history here. Foreign national loans serve buyers still residing abroad or recently arrived without US credit footprint.
DSCR loans make sense if you're buying rental property—approval hinges purely on the property's rental income, not your personal finances. Lower down payment requirements than straight foreign national programs.
Walnut's proximity to Rowland Heights and Diamond Bar creates a strong infrastructure for foreign buyers—bilingual real estate agents, accountants familiar with cross-border taxation, international wire transfer services.
Properties near top-rated schools command premiums that foreign investors willingly pay. The purchase often serves dual purposes: rental income now, family residence when children attend college nearby.
Yes, most lenders allow remote closing with mobile notary or US-based power of attorney. You'll need a US bank account for payments, which some banks let you open remotely.
Expect 30-35% minimum for investment properties, sometimes 40% depending on your citizenship and visa status. Larger down payments often unlock better rates.
Most lenders require certified English translations of tax returns and bank statements. Asset-based programs avoid this by qualifying you on US account balances instead.
Figure 45-60 days from application to closing. Currency conversion documentation and foreign document verification add time compared to conventional loans.
DSCR programs let the property's rental income qualify the loan. This works better than personal income verification for most foreign investors buying rentals.
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.