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Coronado attracts international buyers. The island's luxury homes, beach access, and proximity to San Diego make it a top target for foreign nationals.
Foreign national loans are non-QM products. That means they fall outside standard Fannie Mae and Freddie Mac guidelines — but plenty of lenders specialize in them.
Not Required
US Credit Required
25–30%
Typical Down Payment
Non-QM
Loan Type
30–45 Days
Est. Close Time
12 Months Min
Cash Reserves
You don't need a US credit history to qualify. Most lenders accept foreign credit reports or alternative documentation like bank references.
Down payments typically run 25–30%. Lenders offset the added risk with more equity from the borrower at closing.
Most retail banks won't touch foreign national loans. You need a lender with a dedicated non-QM shelf — and not every broker has access to one.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in foreign national programs for luxury coastal markets like Coronado.
The biggest deal-killer is documentation. Foreign nationals often underestimate how much paper lenders want — bank references, visa status, asset verification.
Get your documents translated and notarized early. Lenders want clean paper trails. Delays in translation kill closings.
ITIN loans are a close cousin. If you have an Individual Taxpayer Identification Number and file US taxes, you may qualify for better terms than a straight foreign national product.
DSCR loans work if you're buying as an investment. They qualify on rental income — no personal income docs at all. Rates vary by borrower profile and market conditions.
Coronado sits on a peninsula in San Diego Bay. Many properties here are high-value single-family homes — a profile that fits foreign national loan limits well.
The area draws buyers from Mexico, Europe, and Asia. As of April 2026, demand from international buyers in coastal San Diego remains active.
Yes. Lenders accept foreign credit reports or bank reference letters. You don't need a US credit history to qualify.
Most programs accept B1/B2, E, L, and O visas. Some lenders also lend to buyers with no US visa at all — just a valid passport.
Expect 25–30% down. High-value Coronado properties may require closer to 30% depending on the lender and loan size.
Yes. A DSCR loan may actually be a better fit. It qualifies on the property's rental income, not your personal income.
Most lenders require US bank accounts for closing funds. Opening one early in the process avoids last-minute delays.
Plan for 30–45 days. Document translation and foreign verification add time — start your paperwork before you make an offer.
Foreign National Loans in Coronado