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Pacific Grove sits on the Monterey Peninsula — one of the most sought-after coastal markets in California. International buyers are drawn here for exactly that reason.
Foreign national loans make it possible to purchase here without US credit history or a Social Security number. This is a non-QM program, meaning standard agency rules don't apply.
30–40%
Min Down Payment
12+ months
Reserves Required
Not required
US Credit Score
45–60 days
Typical Close Time
Non-QM
Loan Type
Foreign National Loans in Pacific Grove
You don't need US residency or a green card. These loans are built for buyers with foreign income, foreign assets, or no US financial footprint at all.
Most lenders want 30–40% down. Reserves of 12 months or more are typically required. Expect to provide a foreign passport and proof of income from your home country.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Pacific Grove.
Pacific Grove sits on the Monterey Peninsula — one of the most sought-after coastal markets in California. International buyers are drawn here for exactly that reason.
Foreign national loans make it possible to purchase here without US credit history or a Social Security number. This is a non-QM program, meaning standard agency rules don't apply.
You don't need US residency or a green card. These loans are built for buyers with foreign income, foreign assets, or no US financial footprint at all.
Retail banks rarely touch foreign national loans. Most turn these files away at the front desk. Wholesale lenders that specialize in non-QM are where these deals actually close.
SRK CAPITAL works with 200+ wholesale lenders. Several focus specifically on foreign national programs. That competition drives better pricing than any single bank can offer.
The biggest mistake I see? Buyers show up with only a foreign bank statement and expect a fast close. Document prep takes time. Start gathering income proof and asset records early.
Purchase vs. investment matters here. Some lenders restrict foreign nationals to investment properties only. Others allow primary use. Know which program fits your intent before applying.
ITIN loans are often confused with foreign national loans. The difference: ITIN borrowers have a US tax ID and some US financial history. Foreign national programs require neither.
DSCR loans are another option if you're buying a rental. Those underwrite on property cash flow, not personal income. That can work well for international investors in Pacific Grove.
Pacific Grove is a small city with limited inventory. Coastal homes here hold value well, which makes them attractive to international buyers as long-term holds.
Monterey County has no foreign buyer restrictions. But escrow and title processes still require careful coordination when wiring funds internationally. Budget extra time for that.
Yes. Many foreign national programs accept foreign bank statements for asset verification. You'll need to show reserves, but they don't have to be held in a US account.
No. Foreign national loans are built for buyers with no US credit history. Lenders use income, assets, and down payment size to evaluate the file instead.
Some lenders allow it, others restrict foreign nationals to investment properties only. This varies by lender — it's one of the first questions to sort out.
Expect 30–40% down minimum for most foreign national programs. Higher down payments also tend to unlock better rates and easier approval.
Plan for 45–60 days minimum. International document gathering and wire transfers add time. Starting early is the single best thing you can do.
A valid foreign passport, proof of foreign income, 12+ months of bank statements, and evidence of reserves. Some lenders also require a reference letter from your home bank.