Question 1

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

Accepted Answer

Yes, most lenders allow fully remote closings through power of attorney. You'll need a US-based attorney or representative to sign on your behalf.

Question 2

What interest rates should I expect as of February 2025?

Accepted Answer

Foreign national rates currently range from 7.5-9.5% depending on down payment and property type. Rates vary by borrower profile and market conditions.

Question 3

Do I need a US bank account?

Accepted Answer

Not during the application process. However, you'll need one to receive rental income and pay the mortgage. Most lenders require this set up before closing.

Question 4

Can I use cryptocurrency as part of my down payment?

Accepted Answer

Some lenders now accept verified crypto holdings as reserves. You'll still need to liquidate assets for the actual down payment, typically through wire transfer.

Question 5

What happens if I later get a US visa or green card?

Accepted Answer

You can refinance into a conventional loan once you have permanent residency. This usually drops your rate by 1-2% and eliminates the foreign national premium.

Foreign National Loans in King City: Finance California Property Without US Citizenship