Loading
Loading
Morro Bay's waterfront market is drawing international buyers as the SLO Land Conservancy secures 750 acres for the Morro Bay-to-Cayucos connector trail. That kind of infrastructure investment signals long-term stability for coastal property values.
The county's median household income of $93,398 reflects a mix of working families and retirees. International buyers often bring cash reserves or foreign income that exceed local wage benchmarks.
30–50%
Typical Down Payment
680 (flexible)
Minimum FICO
45–60 days
Time to Close
Not required
U.S. Credit History
$1,000,500
2026 Loan Limit (SLO)
Foreign National Loans in Morro Bay
Foreign National Loans require a minimum down payment of 30% on most properties, though 50% is common. You'll need a valid passport and proof of foreign income or assets. U.S.
A 680 FICO score is the typical floor, but many lenders accept lower scores if down payment is substantial. The county's median household income of $93,398 is a reference point; foreign buyers typically exceed this through overseas employment or investments.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Morro Bay.
Morro Bay's waterfront market is drawing international buyers as the SLO Land Conservancy secures 750 acres for the Morro Bay-to-Cayucos connector trail. That kind of infrastructure investment signals long-term stability for coastal property values.
The county's median household income of $93,398 reflects a mix of working families and retirees. International buyers often bring cash reserves or foreign income that exceed local wage benchmarks.
Foreign National Loans require a minimum down payment of 30% on most properties, though 50% is common. You'll need a valid passport and proof of foreign income or assets. U.S.
Foreign National Loans are offered by a small group of specialized lenders and brokers in California. These programs are not available at every bank or mortgage company.
Underwriting takes longer than conventional loans because lenders must verify foreign income, currency exchange, and international asset transfers. Expect 45–60 days from application to closing. Many lenders require a U.S.
Foreign National Loans make sense in Morro Bay when you're buying a second home or investment property with substantial overseas assets. The 30–50% down payment requirement is steep, but it eliminates the need for U.S. credit history entirely.
The program doesn't work if you're relocating to the U.S. and need to finance most of the purchase. Conventional loans with an ITIN (Individual Taxpayer Identification Number) and a co-signer often deliver better rates and lower down payments.
Foreign National Loans require 30–50% down but skip U.S. credit history entirely. Conventional loans with an ITIN and co-signer typically need 20–30% down and run faster (30–40 days). The tradeoff: conventional underwriting is tighter and may require U.S.
If you have substantial overseas assets and limited U.S. ties, Foreign National Loans are faster to qualify for. If you're establishing U.S.
The SLO Land Conservancy's 750-acre transaction for the Morro Bay-to-Cayucos connector trail signals serious county investment in outdoor access and property values.
San Luis Obispo County's 2026 Legislative Platform prioritizes housing and transportation infrastructure. The proposed half-cent transportation sales tax on the November 2026 ballot will fund road and transit improvements.
No. Foreign National Loans don't require U.S. credit history. Lenders verify income and assets from your home country using bank statements and tax returns instead.
Typically 30–50% down. The larger your down payment, the more flexibility lenders have on income verification and credit requirements. Most Morro Bay purchases at this level use 40–50% down.
Plan for 45–60 days. Foreign income verification and international wire transfers take longer than conventional loans. Faster closings are possible with complete documentation upfront.
Yes. Lenders accept foreign employment income, rental income from overseas properties, and investment returns. You'll need recent bank statements and tax returns from your home country.
Valid passport, foreign bank statements (last 2–3 months), proof of income or employment letter, and proof of funds. U.S. tax returns are not required. A U.S. bank account is typically required before closing.