Question 1

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

Accepted Answer

Yes, many lenders handle the entire process remotely through digital document submission and electronic signatures. A U.S.-based representative can attend closing on your behalf with proper power of attorney.

Question 2

What down payment do I need for a Daly City foreign national loan?

Accepted Answer

Most lenders require 30-40% down for foreign national purchases. The larger down payment offsets lender risk and demonstrates your financial commitment to the property investment.

Question 3

Do I need a U.S. credit score to qualify?

Accepted Answer

No, foreign national programs evaluate credit history from your home country. Lenders review international credit reports and bank statements to assess your financial responsibility and payment history.

Question 4

Can I rent out my Daly City property purchased with a foreign national loan?

Accepted Answer

Yes, rental income is permitted and often encouraged as it helps support the mortgage payment. Many foreign buyers specifically purchase Daly City properties as investments to generate rental returns.

Question 5

How long does foreign national loan approval take in Daly City?

Accepted Answer

Expect 45-60 days from application to closing, longer than conventional loans. Additional time accounts for international document verification, translation requirements, and specialized underwriting review.

Foreign National Loans in Daly City: Property Ownership Without U.S. Citizenship or Residency