Question 1

Can I buy in Nevada City without a US visa?

Accepted Answer

Some lenders allow purchases on a tourist visa. You'll need a valid passport and strong asset documentation.

Question 2

Do I need a US bank account to qualify?

Accepted Answer

Not always. Many lenders accept foreign bank statements. Some require a US account at closing for reserves.

Question 3

How much down payment do I need?

Accepted Answer

Expect 30% minimum. Some lenders require 35–40% depending on your documentation and country of origin.

Question 4

Can a foreign national buy rural property in Nevada County?

Accepted Answer

Yes, but rural or cabin properties may limit lender options. Confirm property eligibility with your broker first.

Question 5

What documents do foreign nationals typically need?

Accepted Answer

Passport, foreign bank statements, and proof of income are standard. Statements need translation and notarization.

Question 6

Is a foreign national loan harder to close than a conventional loan?

Accepted Answer

It takes more documentation and more time. Working with a broker who knows these programs keeps the process on track.

Foreign National Loans in Nevada City, CA