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Palm Desert draws international buyers — retirees, investors, and seasonal residents from Canada, Europe, and Latin America.
Foreign national loans make it possible to buy here without U.S. credit history or a Social Security number.
30–40%
Typical Down Payment
45–60 Days
Est. Close Time
No
SSN Required
Non-QM
Loan Type
Foreign National Loans in Palm Desert
Lenders typically want 30–40% down. That's the main lever they use to offset the risk of lending to a foreign borrower.
You'll need a valid passport, visa documentation, and proof of income from your home country. Reserve requirements are strict — expect 12 months of payments in a liquid account.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Palm Desert.
Palm Desert draws international buyers — retirees, investors, and seasonal residents from Canada, Europe, and Latin America.
Foreign national loans make it possible to buy here without U.S. credit history or a Social Security number.
Lenders typically want 30–40% down. That's the main lever they use to offset the risk of lending to a foreign borrower.
Most retail banks won't touch foreign national loans. This is a non-QM product — only portfolio lenders and specialty wholesale lenders offer it.
We work with 200+ wholesale lenders. A handful specialize in foreign national programs. Rate and terms vary significantly between them. Rates vary by borrower profile and market conditions.
The biggest mistake foreign buyers make is waiting too long to start the loan process. Getting a foreign national approval takes longer than a standard loan.
Currency conversion documentation is critical. Lenders want a clear paper trail on where your down payment is coming from — wire transfers from foreign accounts need explanation letters.
If you have an ITIN, you may qualify for an ITIN loan instead. Those programs often have better rates than foreign national products.
Investors buying for rental income should also look at DSCR loans. If the property cash-flows, DSCR underwriting can be easier to qualify for than income-based foreign national programs.
Palm Desert is part of the Coachella Valley resort corridor. Lenders treat this as a vacation/resort market — that affects property type eligibility on some programs.
Condo purchases in resort communities need extra scrutiny. Some foreign national lenders won't lend on condotels or properties with short-term rental restrictions.
Some lenders will lend to foreign nationals on tourist visas. Requirements vary — we'll match you to a lender whose program fits your visa status.
Not always, but you'll need to document your down payment funds. Most lenders require reserves to be in a U.S. account before closing.
Yes. Many buyers use this program for investment properties. A DSCR loan may also work if the rental income supports the payment.
Loan limits depend on the lender and the property. Most foreign national programs go up to $2–3 million. Approval is not guaranteed.
Yes. Lenders will review foreign pay stubs, tax returns, or bank statements. Translated and notarized documents are typically required.
Expect 45–60 days minimum. Document translation and international verification add time. Plan ahead if you have a purchase contract deadline.