Loading
Westlake Village draws foreign buyers for its proximity to LA's business centers and top-rated schools. Most international buyers here are investors or executives relocating for work.
Foreign national loans skip the SSN and US credit history requirements that block conventional financing. You'll need 30-40% down and prove income through foreign bank statements or employment letters.
Foreign National Loans in Westlake Village
You need a valid passport and proof of income from your home country. Most lenders accept bank statements, tax returns, or employment verification letters translated to English.
Expect rates 0.5-1.5% higher than conventional loans. The larger your down payment, the better your rate. Credit from your home country helps but isn't required.
About 15-20 lenders in our network handle foreign national loans. Each has different country restrictions and documentation requirements.
Some lenders won't work with certain countries due to sanctions or risk policies. China, Canada, and Mexico are widely accepted. Middle Eastern and African countries face more restrictions.
Get your documents translated early. Most lenders want certified English translations of bank statements and tax records at least 60 days before closing.
Westlake Village foreign buyers often use LLCs for liability protection. We structure these deals carefully since entity vesting can trigger different lending requirements.
ITIN loans work if you have US tax history but no SSN. Foreign national loans skip the ITIN requirement entirely — better for first-time US buyers.
DSCR loans focus purely on rental income, which helps if your foreign income is hard to document. Foreign national loans let you buy a primary residence, which DSCR doesn't.
Los Angeles County charges the same transfer taxes regardless of citizenship. You'll pay 0.11% county tax plus 0.45% city tax in Westlake Village.
Foreign buyers often face extra scrutiny on fund sourcing. Your lender will want proof your down payment came from legitimate sources, not sanctioned entities.
Yes, you can close remotely using a notary or US consulate in your country. We coordinate the signing logistics and wire instructions.
Most lenders require 30-40% down. A few specialty lenders go as low as 25% for primary residences with strong income documentation.
No, but opening one before closing makes fund transfers easier. We can refer you to banks that work with foreign nationals.
Plan on 45-60 days. Document translation and foreign income verification take longer than conventional loans.
Yes, you can refinance into another foreign national loan. If you get a green card, you can refinance into conventional financing at lower rates.