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West Hollywood attracts international buyers looking for US real estate exposure. The Sunset Strip, Design District, and luxury condos draw investors from Europe, Asia, and Latin America.
Foreign nationals can buy here without US credit history or Social Security numbers. These loans exist specifically for non-residents purchasing US property.
Most foreign national buyers here target investment properties or second homes. Cash flow matters more than personal income documentation.
You need 30-40% down payment minimum. Lenders want significant equity because they can't verify US employment or pull US credit reports.
Valid passport replaces Social Security number. Bank statements from your home country can show assets and reserves.
Credit from your home country helps but isn't always required. Some lenders focus purely on property value and down payment size.
Investment properties need rental income analysis. Lenders calculate if rent covers the mortgage payment without counting your personal income.
Fewer than 20 lenders in our network handle true foreign national loans. Many advertise it but back out when they see non-US documentation.
Rate pricing runs 1-2% above conventional loans. You're paying for the added underwriting complexity and cross-border risk.
Each lender accepts different passport countries. Some won't touch certain regions while others specialize in specific international markets.
Expect 45-60 day closings minimum. International document verification and translation take longer than domestic deals.
West Hollywood properties often pencil better as short-term rentals. Many foreign buyers want Airbnb income but most lenders won't count that for qualification.
Get your foreign documents translated early. Certified translations of bank statements and ID documents cost $200-500 and add two weeks to timeline.
We match lenders to your home country first. A lender comfortable with Canadian documentation won't necessarily work with Chinese bank statements.
Consider forming a US LLC before buying. Some lenders offer better terms to foreign entities than individuals, plus liability protection.
ITIN loans require US tax filings while foreign national loans don't. If you've never filed US taxes, foreign national is your only path.
Bank Statement loans need US bank accounts with 12-24 months of history. Foreign nationals usually can't show that documentation.
DSCR loans work for foreign buyers purchasing investment property. These focus purely on rental income without personal documentation.
Asset Depletion uses investment accounts to qualify. This can work if you hold significant assets in US financial institutions.
West Hollywood rent prices support investment property financing. One-bedroom condos rent for $3,000-4,500 monthly, often covering mortgage payments.
HOA fees run high in luxury buildings here. Budget $500-1,200 monthly on top of your mortgage when calculating affordability.
California doesn't restrict foreign property ownership. Some states limit non-resident purchases but California welcomes international buyers.
Property taxes reset at purchase price. Foreign buyers sometimes underestimate California's 1.2% annual property tax on current value.
Yes, most lenders allow remote closing with notarized documents. You'll need a US-based representative or attorney to handle the final signing.
Expect 30-40% down minimum for most properties. Higher-priced homes or certain passport countries may require 40-50% down.
Yes, but if you have a work visa and US income, regular bank statement or W-2 loans often cost less. Foreign national programs don't require visa status.
Plan for 45-60 days from application to closing. International document verification and translation extend the normal 30-day timeline.
Second homes qualify with most lenders. Primary residence designation rarely works since you're not a US resident.
You bear the exchange rate risk when converting funds. Lock your exchange rate early or maintain a US dollar account to avoid surprises.
Foreign National Loans in West Hollywood