Question 1

Can I get a foreign national loan without visiting the United States?

Accepted Answer

Yes, remote closings work through power of attorney and mobile notary services. You'll need a U.S.-based representative or attorney to coordinate closing on your behalf.

Question 2

Do foreign national loans require mortgage insurance?

Accepted Answer

No, these loans never carry PMI regardless of down payment size. The higher down payment requirement eliminates mortgage insurance across all loan amounts.

Question 3

What happens if currency exchange rates change during my transaction?

Accepted Answer

You bear the exchange rate risk between offer and closing. Wire funds early or use forward contracts to lock exchange rates before starting your purchase.

Question 4

Can I refinance a foreign national loan later?

Accepted Answer

Yes, but you'll likely need another foreign national loan unless you obtain permanent residency. Conventional refinancing requires Social Security numbers and U.S. credit history.

Question 5

Are interest rates higher for foreign national loans in Arroyo Grande?

Accepted Answer

Expect rates 1.5-3% above conventional loans as of February 2026. The higher down payment partially offsets the rate premium through lower loan amounts.

Foreign National Loans in Arroyo Grande: Property Access Without U.S. Citizenship