Question 1

Can I get a mortgage in Atascadero without a US visa?

Accepted Answer

Yes. Foreign national loans don't require US residency, visas, or work permits. You only need a valid passport and proof of income from your home country to qualify for these specialized programs.

Question 2

What down payment do I need as a foreign national buyer?

Accepted Answer

Most foreign national loans require 20-40% down payment. Investment properties typically need higher down payments than second homes, and your specific requirement depends on your credit profile and the lender's program.

Question 3

Will my home country credit history help me qualify?

Accepted Answer

Some lenders consider international credit reports and banking relationships. Providing reference letters from foreign banks and proof of timely payments on existing obligations strengthens your application even without US credit.

Question 4

How long does it take to close on a foreign national loan?

Accepted Answer

Expect 45-60 days for closing. International document verification, possible translation requirements, and additional underwriting steps take longer than domestic mortgages. Start the process early when making offers.

Question 5

Do I need to visit the United States to close on my loan?

Accepted Answer

Remote closing options exist through mobile notaries and power of attorney arrangements. Many lenders accommodate international buyers who cannot travel for closing, though processes vary by lender and title company.

Foreign National Loans in Atascadero: Property Financing for International Buyers