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Burlingame's proximity to SFO and strong international business ties make it a natural target for foreign buyers. Many overseas investors and executives want property here but lack US credit history or citizenship.
Foreign national loans let non-citizens buy without a Social Security number or permanent residency. These programs work through alternative documentation that most US lenders won't touch.
Expect to put down 30-40% minimum. Lenders require proof of foreign income through bank statements or tax documents from your home country. You'll also need a valid passport and proof of residence abroad.
Some lenders want to see liquid reserves equal to 12-24 months of payments. This isn't a program for tight budgets. You're proving ability to pay through assets rather than credit scores.
Most mainstream lenders won't touch foreign national deals. You need specialized portfolio lenders who keep these loans on their books rather than selling to Fannie Mae.
Rates run 1-2% higher than conventional loans as of February 2026. Lenders price for the documentation challenges and lack of recourse in some countries. Expect closing timelines of 45-60 days.
Most foreign buyers I work with come from China, India, and the Middle East. They're buying for children attending Stanford or for eventual relocation. Burlingame's schools and commute access drive demand.
Get documents translated early. Lenders need certified English translations of foreign bank statements and tax records. This process takes weeks and stalls deals when rushed.
If you have an ITIN, those loans typically offer better terms with 25% down instead of 30-40%. But foreign national programs work faster since they don't require establishing US tax history first.
DSCR loans work for investment properties and focus purely on rental income rather than personal finances. Consider that route if you're buying a rental and want simpler documentation.
Burlingame's limited inventory means foreign buyers compete with well-qualified domestic purchasers. Sellers prefer offers without financing contingencies when possible. Cash remains king here.
Properties near downtown and the Burlingame Avenue corridor attract the most foreign investment. Walkability matters to international buyers unfamiliar with California car culture. Schools drive the rest.
Yes, most lenders allow foreign nationals to buy rentals. Expect similar down payment requirements but potentially higher rates for non-owner-occupied properties.
Not always. Some lenders allow remote closing through consulates or mobile notaries abroad. Your broker coordinates this process.
They require certified bank statements from your home country, often translated to English. Some lenders also want tax documents or employment verification letters.
You bear that risk. Lock your exchange rate when wiring the down payment. Most buyers time this carefully to avoid major currency swings.
Yes, but you'll likely need another foreign national loan unless you gain permanent residency. Conventional refinancing requires US citizenship or a green card.
Foreign National Loans in Burlingame