Question 1

Can I get a foreign national loan without visiting the US?

Accepted Answer

Yes, but you'll need a US-based attorney with power of attorney to sign closing documents. Most lenders also require a US bank account for payments.

Question 2

Do foreign national loans work for vacant land in Portola?

Accepted Answer

Rarely. Most lenders require finished homes or cabins with utilities. Raw land purchases typically need all-cash or owner financing.

Question 3

What happens if my home currency crashes against the dollar?

Accepted Answer

Your US mortgage payment stays fixed in dollars. You bear the currency risk—consider this if your income is in pesos, yuan, or other volatile currencies.

Question 4

Can my US-based relative co-sign a foreign national loan?

Accepted Answer

Some lenders allow US citizen co-signers, which can reduce your down payment requirement. The co-signer typically needs to live in the US and provide W-2 income.

Question 5

How do lenders verify my foreign income for Portola properties?

Accepted Answer

Most require certified English translations of tax returns and bank statements. Self-employed borrowers need two years of business financials reviewed by a CPA.

Foreign National Loans in Portola: Finance Mountain Property Without US Citizenship