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Elk Grove attracts foreign nationals buying investment properties and second homes in Sacramento County. The city's newer construction and proximity to tech employers makes it popular with international buyers.
Foreign national loans here typically require 25-40% down. Most deals close in 45-60 days once documentation clears.
Foreign National Loans in Elk Grove
You need a valid passport and proof of income from your home country. Most lenders want 12-24 months of bank statements showing assets.
Credit from your country works if translated and verified. No US work visa or Social Security number required.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Elk Grove.
Elk Grove attracts foreign nationals buying investment properties and second homes in Sacramento County. The city's newer construction and proximity to tech employers makes it popular with international buyers.
Foreign national loans here typically require 25-40% down. Most deals close in 45-60 days once documentation clears.
You need a valid passport and proof of income from your home country. Most lenders want 12-24 months of bank statements showing assets.
About 15-20 of our wholesale lenders offer foreign national programs. Each has different country restrictions and document requirements.
Rates run 1.5-3% above conventional mortgages as of February 2026. Larger down payments get better pricing.
Translation services add 2-3 weeks to the timeline. Get your foreign bank statements and tax records translated early.
We see most foreign buyers in Elk Grove purchasing single-family homes as investments. Condos work but have stricter lender requirements.
ITIN loans require a US tax ID and typically allow lower down payments at 15-20%. Foreign national loans skip the ITIN requirement but need larger down payments.
DSCR loans work if you're buying a rental property with strong cash flow. They focus on the property's income rather than your foreign documentation.
Elk Grove's newer subdivisions have HOAs that sometimes restrict foreign ownership or rentals. Check CC&Rs before making an offer.
Property taxes here run about 1.1% annually. Factor that into your investment returns alongside HOA fees in planned communities.
Yes. Most lenders allow remote closings with notarized documents. Your loan can fund without you physically being in California.
Most accept Canada, UK, Australia, and Western Europe easily. Other countries get case-by-case review depending on banking relationships.
Rarely. Most lenders restrict these to investment properties and second homes. Primary residence requires work visa or green card.
Expect 1.5-3% above conventional rates as of February 2026. Rates vary by borrower profile and market conditions.
Putting 40% down typically gets you the lowest tier pricing. The gap between 25% and 40% down runs about 0.5-0.75%.