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Foreign National Loans in San Marcos
San Marcos attracts foreign buyers for CSUSM proximity and North County business ties. These investors need specialized non-QM programs since traditional lenders won't touch non-resident applications.
Foreign national loans here fund second homes, rental properties, and family relocation purchases. Most deals close with 30-40% down and focus on properties under $2M in established neighborhoods.
We see buyers from Mexico, Canada, China, and India using these programs. San Marcos offers better value than coastal San Diego while staying close to tech corridors and universities.
You need a valid passport and proof of income from your home country. Lenders require 30-35% down for primary/second homes, 35-40% for investment properties.
No US credit score needed—lenders evaluate foreign bank statements and employment docs. Most programs accept translated financial statements with notarized certifications.
Reserves matter more than income ratios. Expect to show 12-24 months of housing payments in liquid assets after closing costs.
Only specialized non-QM lenders offer foreign national programs—your local bank won't help. We work with about 15 wholesale lenders who actually close these deals.
Rate spreads vary wildly between lenders, often 1-2% difference for identical scenarios. One lender might quote 8.5% while another offers 6.75% with the same down payment.
Most lenders cap loans at $2-3M for foreign nationals. Jumbo foreign national deals above that threshold require portfolio lenders with specific international banking relationships.
Get your documents translated and notarized before shopping. That prep work cuts 2-3 weeks off closing timelines and prevents last-minute scrambles.
Many foreign buyers overpay because they contact one lender directly. We've saved clients $40K-60K in rate buydowns by shopping multiple foreign national programs.
Title and escrow need international wire experience—not all companies handle them smoothly. We connect you with teams that process foreign transactions weekly, not annually.
ITIN loans require US tax history—foreign national programs don't. If you haven't filed US taxes, foreign national is your only path.
Asset depletion works if you have substantial US accounts. Foreign national programs let you keep assets abroad and use foreign bank statements instead.
DSCR loans work for investment properties with rental income. Foreign nationals without rental history start here, then refinance to DSCR once they establish US rental track record.
San Marcos condos near CSUSM rent consistently to students and faculty. Those properties qualify but HOA docs need English translations for underwriting.
Property taxes run 1.1-1.3% in most San Marcos areas. Foreign buyers often underestimate this carrying cost when calculating investment returns.
Some neighborhoods have higher foreign buyer concentration, making resale easier. Discovery Hills and La Mirada see more international ownership than older Twin Oaks areas.
Yes, remote closings work through mobile notaries and power of attorney. You'll need apostilled POA documents from your home country.
Rates currently range 6.5-9% depending on down payment and property type. Rates vary by borrower profile and market conditions.
No, you can use foreign bank statements for qualification. You will need US accounts to receive rental income if buying investment property.
Plan 30-45 days from application to closing. Document translation and verification add time versus domestic loans.
Yes, investment properties qualify with 35-40% down. DSCR loans may offer better terms once the property has rental history.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.