Question 1

Can I buy in El Cajon without a US credit score?

Accepted Answer

Yes. Foreign national loans don't require US credit history. Lenders use foreign income docs and reserves instead.

Question 2

What visa types are acceptable?

Accepted Answer

Most lenders accept B-1, B-2, and investor visas. Some accept additional types — it depends on the lender.

Question 3

How much do I need to put down?

Accepted Answer

Expect 30-40% down on most foreign national programs. Higher down payments can improve your rate.

Question 4

Can I use a foreign bank account for reserves?

Accepted Answer

Some lenders accept foreign accounts. Many prefer funds held in a US bank — it simplifies verification.

Question 5

Is a foreign national loan considered non-QM?

Accepted Answer

Yes. These loans fall outside standard agency guidelines. Not every lender offers them.

Foreign National Loans in El Cajon, CA