Question 1

Can I get a foreign national loan without visiting the US?

Accepted Answer

Yes. Many lenders allow remote closing through mobile notaries or US consulates. You need apostilled documents and wire transfer capability for down payment.

Question 2

What down payment do I need for a Foster City condo?

Accepted Answer

Expect 25-30% down for condos as primary residence. Investment condos require 30-40% depending on lender and your reserve position.

Question 3

Do lenders accept cryptocurrency as reserves?

Accepted Answer

Some lenders now accept verified crypto holdings as part of your reserve requirement. They require exchange statements and wallet verification from approved platforms.

Question 4

How do lenders verify foreign income?

Accepted Answer

Bank statements from your home country showing consistent deposits work for most lenders. Some accept employer letters or foreign tax returns translated to English.

Question 5

Can I buy investment property in Foster City as a foreign national?

Accepted Answer

Yes. Investment properties require 30-40% down and stronger reserves. DSCR loans often provide better rates if the property generates rental income.

Question 6

What happens if currency exchange rates change before closing?

Accepted Answer

Lock your exchange rate when you wire funds. Most buyers convert currency 3-5 days before closing to avoid rate fluctuation risk.

Foreign National Loans in Foster City: Finance Bay Area Property Without US Citizenship