Question 1

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

Accepted Answer

Yes, but you'll need a US-based power of attorney for closing. Most lenders require notarized docs from your home country and wire transfer capability for down payment.

Question 2

What down payment do I need in Apple Valley as a foreign buyer?

Accepted Answer

Expect 25-30% for investment properties and 30-35% for second homes. Higher down payments sometimes unlock better rates from certain lenders.

Question 3

How do lenders verify my income from another country?

Accepted Answer

They require 2 years of tax returns from your country, bank statements, and employment letters — all translated to English. Some lenders accept asset depletion instead of income verification.

Question 4

Do I need to convert currency before applying?

Accepted Answer

No, underwriters convert your home currency to USD using current exchange rates. You'll wire your down payment in USD at closing.

Question 5

Can I rent out my Apple Valley property immediately?

Accepted Answer

Yes, most foreign national programs allow immediate rental. DSCR programs actually prefer it since approval relies on projected rental income.

Question 6

What interest rates should I expect for foreign national loans?

Accepted Answer

Rates typically run 6.5-8.5% depending on down payment and reserves. Rates vary by borrower profile and market conditions but expect a premium over conventional loans.

Foreign National Loans in Apple Valley — No US Credit History Required