Question 1

Do I need a US credit score to qualify?

Accepted Answer

No. Lenders accept foreign credit reports or bank statements. No US credit history is required for foreign national loans.

Question 2

Can I buy a rental property in Barstow with this loan?

Accepted Answer

Yes, investment properties are eligible. A DSCR loan may also be worth comparing if the property will generate rental income.

Question 3

How much do I need to put down?

Accepted Answer

Most foreign national programs require 30% or more down. Some lenders require higher down payments based on property type.

Question 4

Can I get this loan without visiting California?

Accepted Answer

Many lenders allow remote closings. Your broker can walk you through the exact documentation and signing process for non-resident buyers.

Question 5

What documents do I need to apply?

Accepted Answer

Bring your foreign passport, two years of bank statements, and a bank reference letter from your home country institution.

Question 6

Is a foreign national loan the same as an ITIN loan?

Accepted Answer

No. ITIN loans are for borrowers with a US tax ID. Foreign national loans require neither a US tax ID nor a Social Security number.

Foreign National Loans in Barstow, CA