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Marina sits on Monterey Bay — a coastal California city that draws international buyers looking for a foothold in the U.S. market.
Foreign national loans are non-QM programs. That means they fall outside standard Fannie Mae and Freddie Mac guidelines.
30%+
Min Down Payment
12 months
Reserves Required
Not required
U.S. Credit Required
45–60 days
Typical Close Time
Non-QM
Loan Type
Foreign National Loans in Marina
You don't need a Social Security number or U.S. credit history. Lenders use foreign credit reports, bank statements, or asset documentation instead.
Most lenders require 30% down or more. Reserves — typically 12 months of payments — are a hard requirement across most programs.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Marina.
Marina sits on Monterey Bay — a coastal California city that draws international buyers looking for a foothold in the U.S. market.
Foreign national loans are non-QM programs. That means they fall outside standard Fannie Mae and Freddie Mac guidelines.
You don't need a Social Security number or U.S. credit history. Lenders use foreign credit reports, bank statements, or asset documentation instead.
Most big retail banks won't touch foreign national loans. This is a wholesale and portfolio lender product — which is exactly where we operate.
SRK CAPITAL works with 200+ wholesale lenders. Several specialize in foreign national programs with competitive terms for California coastal properties.
The biggest delays I see? Documentation from foreign banks arrives late or in unsupported formats. Start gathering translated statements early.
Some lenders also require a U.S. bank account to be open before closing. Get that set up before you even apply.
If you have an ITIN number, an ITIN loan may offer better rates than a foreign national program. The two overlap but aren't the same.
DSCR loans are another option if you're buying as a rental investment. Those qualify on rental income — not your personal financials at all.
Marina is one of Monterey County's more accessible coastal cities. That makes it attractive for foreign buyers who want proximity to Monterey without the higher price points.
Properties here often appeal as vacation rentals or second homes. Lenders view second-home foreign national purchases as higher risk — expect stricter reserves.
Yes. Lenders use foreign credit reports or bank statements instead. You do not need a U.S. credit score to qualify.
Most foreign national programs require at least 30% down. Some lenders go higher depending on your country of origin.
Yes, but a DSCR loan may be a better fit for investment use. Foreign national loans can cover rentals — terms vary by lender.
Not always. Some lenders allow remote closings or power of attorney. Confirm with your lender before assuming this is an option.
Plan for 45 to 60 days. Document translation and international verification add time that domestic loans don't require.
Reserves must typically be in U.S. dollars or easily converted. Lenders will want to see funds in a U.S. account before closing.