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Chowchilla sits in Madera County's Central Valley — agricultural land, affordable prices, and a quieter pace than coastal California.
Foreign nationals buying here are typically looking at investment property or a California base. This loan program exists specifically for that buyer.
30% or more
Typical Down Payment
No
US Credit Required
Non-QM
Loan Type
30–45 days
Est. Close Time
Foreign National Loans in Chowchilla
Foreign national loans are non-QM products. That means lenders set their own rules — and those rules vary widely across our 200+ wholesale partners.
Most lenders want 30% down, a valid passport, and proof of foreign income or assets. Some accept a reference letter from your home country bank.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Chowchilla.
Chowchilla sits in Madera County's Central Valley — agricultural land, affordable prices, and a quieter pace than coastal California.
Foreign nationals buying here are typically looking at investment property or a California base. This loan program exists specifically for that buyer.
Foreign national loans are non-QM products. That means lenders set their own rules — and those rules vary widely across our 200+ wholesale partners.
Most retail banks won't touch foreign national loans. The programs live at the wholesale level — specialty non-QM lenders who price these deals regularly.
Rates run higher than conventional. You're compensating the lender for the added documentation complexity and cross-border verification. Rates vary by borrower profile and market conditions.
The deals I see fall apart on one issue: buyers show up without 12 months of translated bank statements. Get that ready before anything else.
Visa type matters more than most buyers expect. B-1/B-2 tourist visa holders face tighter terms than E-2 or L-1 visa holders. Know your visa category going in.
If you have an ITIN number, an ITIN loan may get you better rates and a lower down payment than a foreign national product.
DSCR loans are another strong option for investors — they qualify on rental income, not personal income, which sidesteps the foreign income verification problem entirely.
Chowchilla's market includes agricultural parcels, residential homes, and some commercial-adjacent properties. Lenders will scrutinize property type carefully on foreign national files.
Madera County appraisals can come in conservative. With a 30% down requirement, a low appraisal creates real problems — price your offer carefully.
Yes. Foreign national lenders use international credit reports or bank references instead. A US credit score is not required.
Most work visas and investor visas qualify. Tourist visa holders can still apply, but expect stricter terms and higher reserves requirements.
Not always. Some lenders allow remote notarization or foreign notary closes. Confirm this early — it varies by lender and state requirements.
Yes, and that's the most common use case. A DSCR loan may actually be a better fit if the property generates rental income.
Expect 30–45 days minimum. Document translation and foreign income verification add time. Start gathering paperwork immediately.