Question 1

Can I buy in La Palma on a tourist visa?

Accepted Answer

Yes — property ownership is legal on most visa types. Financing on a tourist visa is harder, but some non-QM lenders allow it with larger down payments.

Question 2

Do I need a U.S. bank account to qualify?

Accepted Answer

Most lenders require U.S. reserves at closing. Opening a U.S. account before you apply makes the process smoother.

Question 3

What's the minimum down payment for foreign nationals?

Accepted Answer

Most programs start at 30% down. Some lenders go up to 40% depending on visa type and income documentation.

Question 4

Will my foreign credit score help my application?

Accepted Answer

It won't transfer directly. Lenders use alternative methods — bank statements, assets, or rental income — to assess creditworthiness.

Question 5

Can I buy a rental property as a foreign national in La Palma?

Accepted Answer

Yes. DSCR loans are often the cleanest path — the property's rental income does the qualifying, not your personal foreign income.

Question 6

How long does a foreign national loan take to close?

Accepted Answer

Plan for 30 to 45 days minimum. Document translation and lender review add time. Starting early protects your offer timeline.

Foreign National Loans in La Palma, CA