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Grand Terrace sits in San Bernardino County, giving foreign buyers access to Inland Empire pricing without LA County costs.
Foreign national loans are non-QM products. That means no US credit history, no Social Security number, no problem.
25-30%
Min Down Payment
12-24 months
Reserves Required
Not required
US Credit Score
Non-QM / Portfolio
Rate Type
Most lenders want 30% down from foreign national borrowers. Some programs go to 25% with stronger reserves.
You'll need a valid passport, visa documentation, and 12 months of reserves. Debt-to-income rules differ by lender.
Big banks rarely touch foreign national loans. This is a wholesale and portfolio lender product almost exclusively.
SRK CAPITAL works with 200+ wholesale lenders. Several specialize in foreign national programs with competitive terms.
Bankrate flagged rates at 6.19% this week as geopolitical tensions pushed markets higher. Foreign national rates run above conventional — expect a spread on top of that.
The real approval variable is reserves. Lenders want to see liquid assets, not just income. Show 12-24 months of funds and approvals get easier.
ITIN loans are a closer alternative if the borrower has a US taxpayer ID. They often carry slightly better terms.
DSCR loans work well if this is a rental purchase. Income from the property qualifies the loan — not the borrower's personal income.
Grand Terrace is a small, residential city. Foreign buyers here tend to target single-family homes, not commercial or mixed-use.
San Bernardino County has no local transfer tax surcharges that affect foreign buyers differently. Standard California closing costs apply.
Yes. Foreign national loans don't require US credit history. Lenders use passport docs, visa status, and reserves instead.
Most programs accept B1/B2, E, H, L, and O visas. Some lenders also approve buyers with no US visa at all.
Expect 25-30% down minimum. Stronger reserves can sometimes push that lower, depending on the lender's program.
Yes. A DSCR loan may actually work better for rentals. The property's rent income qualifies the loan, not your personal income.
Not always, but most lenders want to verify reserves in a US or internationally recognized institution. Ask your broker which accounts qualify.
Foreign National Loans in Grand Terrace