Question 1

Can a foreign national buy in Yucca Valley without a US credit score?

Accepted Answer

Yes. Foreign national loans don't require US credit history. Lenders use foreign credit references and bank statements instead.

Question 2

How much do I need to put down as a foreign national?

Accepted Answer

Plan for 30-40% down. That's the standard range for foreign national programs with most wholesale lenders.

Question 3

Can I rent the property on Airbnb as a foreign national owner?

Accepted Answer

Ownership allows rental use, but check Yucca Valley's short-term rental permit rules first. Your loan program must also permit rental use.

Question 4

What documents do foreign national borrowers need?

Accepted Answer

Expect to provide a valid passport, foreign income proof, 12 months of bank statements, and a foreign bank reference letter.

Question 5

Is a DSCR loan better than a foreign national loan for an investment property?

Accepted Answer

Often yes. If the property cash-flows, DSCR removes income documentation entirely. We compare both programs for every investor.

Question 6

Do foreign nationals pay higher interest rates?

Accepted Answer

Yes. Foreign national loans carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.

Foreign National Loans in Yucca Valley, CA