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Riverside attracts foreign buyers looking for investment properties and second homes at California prices without coastal premiums. Foreign national loans let non-US citizens buy here without a Social Security number or US credit history.
Most programs require 30-40% down and focus on the property's value rather than your US employment. Investment properties near UCR and commercial corridors qualify more easily than primary residences.
Lenders price these loans based on property type and your down payment size. Expect rates 1-2% above conventional mortgages, offset by Riverside's relatively affordable entry points.
Foreign National Loans in Riverside
You need a valid passport, foreign credit report from your home country, and proof of income through translated bank statements or tax documents. Most lenders want to see liquid reserves covering 6-12 months of payments.
Down payment requirements range from 30% for single-family homes to 40% for condos or multi-unit properties. Cash reserves and property type matter more than your income documentation.
Some lenders require properties in established neighborhoods with strong rental demand. Fixer-uppers and rural properties typically don't qualify under foreign national programs.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Riverside.
Riverside attracts foreign buyers looking for investment properties and second homes at California prices without coastal premiums. Foreign national loans let non-US citizens buy here without a Social Security number or US credit history.
Most programs require 30-40% down and focus on the property's value rather than your US employment. Investment properties near UCR and commercial corridors qualify more easily than primary residences.
Lenders price these loans based on property type and your down payment size. Expect rates 1-2% above conventional mortgages, offset by Riverside's relatively affordable entry points.
Foreign national programs come from portfolio lenders and specialty non-QM shops, not Fannie Mae or Freddie Mac. Each lender has different country restrictions and documentation requirements.
Some lenders won't finance properties in certain states or for buyers from specific countries. Others cap loan amounts at $2-3 million regardless of down payment size.
Access to 200+ wholesale lenders means we can shop programs that accept your documentation and match your property type. Direct-to-consumer lenders typically offer fewer options for international buyers.
Foreign buyers often get stuck with the first lender who says yes, overpaying by 0.5-1% in rate. Shopping programs across multiple lenders saves thousands annually on a $500K+ purchase.
Document translation and apostille requirements trip up most deals. We work with approved translation services and know which lenders accept notarized copies versus originals.
Investment property buyers should run the rental income numbers before applying. Some foreign national loans require the property to cash flow at 1.0-1.25x DSCR even though you're not using rental income to qualify.
ITIN loans work better if you've filed US tax returns and have a taxpayer ID number. Foreign national programs serve buyers with zero US financial footprint.
Asset depletion loans let you qualify using investment accounts, but they still require US credit and a Social Security number. Foreign national loans skip both requirements.
DSCR loans focus purely on rental income and work for foreign nationals buying investment property. Rates often beat foreign national programs when the property has strong rental comps.
Riverside's university rentals and warehousing growth attract foreign investors who want California exposure without LA prices. Single-family homes near UCR and downtown qualify more easily than edge-of-county properties.
Property taxes run 1.1-1.3% of purchase price annually, a factor when calculating total ownership costs. Foreign buyers sometimes underestimate California's Prop 13 rules on reassessment.
Title companies here handle international wire transfers regularly, but expect extra compliance steps and 2-3 week timelines for funds to clear. Plan closing dates around wire processing delays.
Yes. Foreign national loans don't require US residency status. You need a valid passport and foreign credit documentation, regardless of visa status.
Expect 30-40% down. Single-family homes often qualify at 30%, while condos and multi-unit properties typically require 40% down payment.
Most countries qualify, but lenders maintain restricted lists. Canada, UK, Mexico, and China buyers qualify most easily with established documentation standards.
Rates run 1-2% higher than conventional loans. The premium reflects higher risk and portfolio lending. Rates vary by borrower profile and market conditions.
No. Lenders use foreign credit reports from your home country. Some accept bank statements and asset documentation in place of credit reports.
Yes, if you originally bought as a foreign national. Refinance programs require similar documentation and typically maintain the same 30-40% equity requirements.