Question 1

Can I buy in Rancho Cucamonga on a tourist visa?

Accepted Answer

Yes, some non-QM lenders allow tourist visa purchases. Expect a higher down payment requirement and fewer lender choices.

Question 2

Do I need a US bank account to qualify?

Accepted Answer

Not necessarily. Many lenders accept foreign bank statements. Funds for closing must be wired and sourced properly.

Question 3

How much down payment do I need as a foreign national?

Accepted Answer

Plan for 30% minimum. Some lenders require 35–40% depending on the property type and your country of origin.

Question 4

Are foreign national loan rates higher than conventional rates?

Accepted Answer

Yes. Expect a notable rate premium over conventional loans. Rates vary by borrower profile and market conditions.

Question 5

What documents do lenders require for a foreign national loan?

Accepted Answer

Passport, visa, foreign bank statements, and an international credit report or reference letter. All foreign documents need certified translation.

Question 6

Can I rent out the property I buy with a foreign national loan?

Accepted Answer

Most foreign national loans allow rental use. Investment purchases often get easier approval than owner-occupied requests.

Foreign National Loans in Rancho Cucamonga, CA