Question 1

Can I get a foreign national loan for investment property in Burlingame?

Accepted Answer

Yes, most lenders allow foreign nationals to buy rentals. Expect similar down payment requirements but potentially higher rates for non-owner-occupied properties.

Question 2

Do I need to visit the US to close on a foreign national loan?

Accepted Answer

Not always. Some lenders allow remote closing through consulates or mobile notaries abroad. Your broker coordinates this process.

Question 3

How do lenders verify my foreign income and assets?

Accepted Answer

They require certified bank statements from your home country, often translated to English. Some lenders also want tax documents or employment verification letters.

Question 4

What happens if currency exchange rates change during my loan process?

Accepted Answer

You bear that risk. Lock your exchange rate when wiring the down payment. Most buyers time this carefully to avoid major currency swings.

Question 5

Can I refinance a foreign national loan later?

Accepted Answer

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: Property Access Without US Citizenship