Question 1

Can I buy in Lathrop without a US credit score?

Accepted Answer

Yes. Foreign national lenders use foreign credit reports, bank statements, or asset proof instead. You don't need US credit history to qualify.

Question 2

What visa types are accepted for this loan?

Accepted Answer

It depends on the lender. E-2, L-1, and O-1 visas are commonly accepted. B1/B2 tourist visas face tighter restrictions — confirm before applying.

Question 3

How much do I need to put down in Lathrop?

Accepted Answer

Most foreign national programs require at least 30% down. Some lenders ask for more depending on visa type and documentation strength.

Question 4

Can I use this loan to buy a rental property?

Accepted Answer

Yes. Many foreign nationals buy investment properties in Lathrop. A DSCR loan may also be worth comparing if the rental income is strong.

Question 5

Do I need a US bank account to apply?

Accepted Answer

Not always, but you'll need to document reserves. Foreign bank statements work, though lenders may require certified translations and extra verification.

Question 6

What is FIRPTA and does it affect my purchase?

Accepted Answer

FIRPTA is a federal tax rule that applies when foreign nationals sell US property. It doesn't block the purchase but requires planning for the eventual sale.

Foreign National Loans in Lathrop, CA