Question 1

Can I get a foreign national loan without visiting the US?

Accepted Answer

Yes, some lenders allow remote closings with power of attorney. You'll still need notarized documents, often requiring a US consulate visit in your home country.

Question 2

What down payment do foreign national loans require in Del Rey Oaks?

Accepted Answer

Most lenders want 30-40% down. Higher loan amounts sometimes require 40-50% down depending on the property type and your financial profile.

Question 3

Do I need a US bank account for a foreign national loan?

Accepted Answer

Not always, but it helps. Some lenders require US accounts for making mortgage payments, while others accept international wire transfers monthly.

Question 4

Can I use rental income to qualify for a foreign national loan?

Accepted Answer

Yes, if buying an investment property. Lenders typically use 75% of projected rent based on an appraisal, similar to DSCR loan guidelines.

Question 5

What happens if I get a green card after closing?

Accepted Answer

You can refinance into a conventional loan with better rates. Most borrowers do this within 1-2 years to lower their payment and eliminate prepayment penalties.

Foreign National Loans in Del Rey Oaks: Purchase Property Without US Citizenship