Loading
Foreign National Loans in Tiburon
Tiburon draws international buyers for its waterfront estates, Bay views, and proximity to San Francisco. Foreign nationals don't need U.S. residency to buy here.
Most conventional lenders reject applications from non-citizens. Foreign national programs bridge that gap with alternate underwriting criteria.
These loans focus on property value and down payment strength rather than domestic credit history. Tiburon's high-end market fits this model well.
Expect a 30-40% down payment minimum. Many lenders require 35% down for non-warrantable properties or higher loan amounts.
You'll need a valid passport, proof of income from your home country, and bank statements showing reserves. No U.S. credit score required.
Most programs allow purchase-only transactions. Cash-out refinances rarely get approved for foreign nationals without establishing payment history first.
Only a handful of specialized lenders write foreign national loans. Rates run 1-2% above conforming loans due to perceived risk.
Private lenders dominate this space. They move faster than banks but charge higher rates and origination fees between 1-3%.
Some lenders cap loan amounts at $2-3 million. Others write jumbo foreign national loans but tighten down payment and reserve requirements.
Documentation requirements vary wildly between lenders. Shopping multiple options matters more here than with standard programs.
Foreign national buyers in Tiburon usually purchase as second homes or investment properties. That distinction affects loan structure and documentation.
Currency exchange documentation trips up many deals. Have your foreign bank statements translated and certified before applying to avoid delays.
Some lenders want to see established ties to the U.S.—business interests, family members, or other property ownership. That's not universal but it helps.
I've seen deals get 30 days from application to close with the right lender match. Others drag to 60-90 days when documentation gets complicated.
ITIN loans work if you have U.S. tax history. Foreign national loans skip that requirement entirely but cost more.
Asset depletion loans suit retirees with substantial liquid assets. Foreign national programs accept foreign bank accounts that asset depletion lenders often reject.
DSCR loans work for investment properties where rental income covers the mortgage. Foreign nationals can combine DSCR underwriting with non-resident status for lower rates.
Tiburon's waterfront properties often exceed $3 million. You need a lender comfortable writing large foreign national loans at those price points.
Marin County property taxes run 1.1-1.2% of assessed value. Factor that into your cash reserve calculations since lenders verify 12+ months operating costs.
Some Tiburon properties come with boat slips or marina access. Those amenities don't add collateral value but increase the desirability that justifies premium pricing.
Foreign buyers often form LLCs for U.S. property purchases. Most foreign national lenders allow entity ownership with personal guarantees.
Yes. Many lenders close remotely using apostilled documents and digital notarization. You can purchase Tiburon property from your home country.
Rates vary by borrower profile and market conditions but typically run 7-9% currently. Larger down payments and strong reserves get better pricing.
Not for qualification, but you'll need one to make mortgage payments. Most lenders require U.S. accounts for servicing after closing.
Yes. Most lenders allow investment property purchases. Rental income usually doesn't count toward qualification though unless using DSCR underwriting.
You bear exchange rate risk. Transfer funds early or use currency hedging to lock rates if closing in 30+ days.
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.