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Foreign National Loans in Marina
Marina attracts international buyers seeking California coastal access without San Francisco pricing. Foreign nationals target this market for vacation properties and future US relocation plans.
These loans work for buyers who lack US credit history or permanent residency. Most Marina purchases involve condos near the beach or single-family homes in residential neighborhoods.
You need 30-40% down payment for most foreign national programs. Lenders require valid passport, proof of income from your home country, and substantial cash reserves.
Investment properties require larger down payments than primary residences. Some lenders cap loan amounts at $3-5 million depending on property type and borrower profile.
Few mainstream lenders touch foreign national deals. We work with specialty lenders who understand international income documentation and cross-border transactions.
Expect 1-2% higher rates than conventional loans. The rate premium reflects the lender's risk on borrowers without US credit or permanent ties to the country.
Start gathering documents early. Foreign bank statements need translation and certification, which takes 3-4 weeks minimum.
Many buyers underestimate US tax implications. We connect you with CPAs who specialize in foreign ownership before you close. Some countries have tax treaties that affect your purchase decision.
ITIN loans offer lower down payments if you have US tax history. Foreign national programs skip the ITIN requirement but demand more cash upfront.
DSCR loans work for investment properties when you have rental income projections. That route requires less personal documentation than foreign national programs but still needs 20-25% down.
Marina's condo market sees heavy international interest near the beach. HOA approval processes can delay closings when boards review foreign buyers more carefully.
Properties near former Fort Ord require extra environmental review. Some foreign national lenders won't touch those parcels regardless of price or down payment size.
Most lenders allow remote closings using power of attorney. You'll need a US-based representative and notarized documents from your home country.
Foreign national rates typically run 7-9% depending on down payment and property type. Rates vary by borrower profile and market conditions.
Yes, most lenders require a US bank account for mortgage payments. You can open one remotely before closing in many cases.
Plan for 45-60 days from application to closing. Document translation and verification add 2-3 weeks compared to conventional loans.
Yes, foreign national loans work for investment properties. Expect 35-40% down for rentals versus 30% for vacation homes you'll use personally.
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.