Question 1

Can I get a foreign national loan without visiting the United States?

Accepted Answer

Some lenders allow remote closings through power of attorney or mobile notary services. However, most require at least one US visit for property inspection and final signing.

Question 2

What down payment do foreign nationals need in Colma?

Accepted Answer

Most programs require 30-40% down for foreign nationals purchasing in San Mateo County. Higher down payments may secure better rates or terms.

Question 3

Do foreign national loans check US credit history?

Accepted Answer

No US credit history is required. Lenders review international credit reports when available or rely on bank statements and asset verification instead.

Question 4

Can foreign nationals buy multi-unit properties in Colma?

Accepted Answer

Multi-unit properties face stricter requirements and higher down payments. Single-family homes and condos qualify more readily under most foreign national programs.

Question 5

How long does foreign national loan approval take?

Accepted Answer

Expect 60-90 days from application to closing. International documentation verification and currency transfers require additional processing time beyond domestic mortgages.

Foreign National Loans in Colma: Property Investment Without US Citizenship