Question 1

Can I buy in Point Arena without a US credit score?

Accepted Answer

Yes. Foreign national programs don't require a US credit history. Lenders use passport, visa, and foreign bank records instead.

Question 2

What visa types qualify for this loan?

Accepted Answer

Most B1, B2, E, H, L, and O visas qualify. Some lenders accept buyers with no US visa at all, using a foreign passport only.

Question 3

Do I need a US bank account to apply?

Accepted Answer

Not always required, but strongly recommended. A US account with 60-90 days of statements speeds up underwriting significantly.

Question 4

Can this property be used as a vacation rental?

Accepted Answer

Yes. Many foreign national buyers on the Mendocino Coast use the property as a short-term rental. Confirm the lender allows it upfront.

Question 5

How long does closing take on a foreign national loan?

Accepted Answer

Typically 30-45 days, sometimes longer. Document translation and international wire verification add time to the process.

Question 6

Are rates higher on foreign national loans?

Accepted Answer

Yes, they run above conventional rates. Rates vary by borrower profile and market conditions — but expect a meaningful premium for this program.

Foreign National Loans in Point Arena, CA