Question 1

Can I get a Foreign National loan without ever visiting the United States?

Accepted Answer

Yes, but you'll need a US-based attorney or representative to handle closing documents through power of attorney. Some lenders require video verification of your identity.

Question 2

Do Foreign National loans allow cash-out refinancing later?

Accepted Answer

Most lenders won't do cash-out refi on Foreign National mortgages. You'd need to transition to ITIN or permanent residency status first for cash-out options.

Question 3

What happens if my home country's currency changes significantly?

Accepted Answer

Your mortgage is in US dollars, so currency fluctuations affect your buying power but not your loan balance. Exchange rate risk falls entirely on you as the borrower.

Question 4

Can I use rental income from the Grover Beach property to qualify?

Accepted Answer

Yes, with DSCR underwriting layered onto the Foreign National program. The property needs to generate 1.0-1.25x its monthly debt service to qualify using rent alone.

Question 5

Which countries does Foreign National lending exclude?

Accepted Answer

Restrictions change based on international sanctions and lender policy. Most programs exclude countries under US Treasury sanctions but otherwise have broad geographic acceptance.

Foreign National Loans in Grover Beach — Non-Citizen Property Financing Without Permanent Residency