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Colfax sits in the Sierra Nevada foothills, about an hour northeast of Sacramento. It attracts buyers from outside the US who want a quieter California lifestyle.
Foreign national loans make that purchase possible. Without US credit history or a Social Security number, standard loans won't work — these programs fill that gap.
25–30% typical
Down Payment
Not required
US Credit Required
Non-QM / Portfolio
Loan Type
12+ months typical
Reserves Required
Foreign National Loans in Colfax
Most lenders want a valid passport and visa documentation. Some programs accept buyers on tourist visas — others require longer-term status.
Down payments typically run 25–30%. Lenders offset the added risk by requiring more skin in the game from the start.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Colfax.
Colfax sits in the Sierra Nevada foothills, about an hour northeast of Sacramento. It attracts buyers from outside the US who want a quieter California lifestyle.
Foreign national loans make that purchase possible. Without US credit history or a Social Security number, standard loans won't work — these programs fill that gap.
Most lenders want a valid passport and visa documentation. Some programs accept buyers on tourist visas — others require longer-term status.
Foreign national loans are non-QM products. That means they don't follow Fannie Mae or Freddie Mac rules — only portfolio lenders and private investors offer them.
Most big retail banks won't touch these. A broker with access to wholesale lenders finds the programs that actually exist for this buyer profile.
The biggest deal-killer I see is buyers assuming their home country credit translates here. It doesn't. Lenders want US-based asset documentation instead.
Asset reserves matter a lot in this loan type. Most lenders want 12 months of reserves — sometimes more — held in a verifiable account.
If you have an ITIN number, an ITIN loan may get you better terms than a foreign national program. The qualification bar is different.
DSCR loans are another option for rental property buyers. If the Colfax property generates income, lenders qualify you on rent — not personal income.
Colfax is a small foothill town. Properties here often include larger lots, older homes, or rural characteristics — some lenders have restrictions on these.
Placer County has no foreign national-specific purchase limits beyond standard non-QM guidelines. But property type will affect which lenders will fund the deal.
Some lenders allow it, but options are limited. Expect a higher down payment and fewer programs to choose from.
Most lenders require US-based reserves. A US bank account makes the documentation process significantly easier.
Yes. These are non-QM products with more lender risk. Rates run noticeably above conventional benchmarks. Rates vary by borrower profile and market conditions.
Yes, and if you plan to rent it, a DSCR loan might be a stronger fit. Qualification is based on rental income, not personal income.
Expect to provide a passport, visa, proof of foreign income, and 12+ months of verifiable asset reserves.