Question 1

Can I get a foreign national loan without a U.S. visa?

Accepted Answer

Yes, you need a valid passport but not necessarily a visa. Lenders require proof of identity and legal status in your home country.

Question 2

What down payment do foreign nationals need in Millbrae?

Accepted Answer

Expect 30-40% down minimum. Higher-priced properties or weaker credit profiles may require 50% down depending on the lender.

Question 3

How long does foreign national loan approval take?

Accepted Answer

Plan for 45-60 days from application to closing. Document translation and verification add 2-3 weeks compared to standard loans.

Question 4

Do foreign national loans allow cash-out refinancing?

Accepted Answer

Most lenders restrict foreign nationals to purchase loans only. Cash-out refinancing requires U.S. residency at most institutions.

Question 5

Can I use cryptocurrency as reserves for a foreign national loan?

Accepted Answer

Select lenders now accept verified crypto holdings as reserves. Requirements vary, but documented ownership and proper valuation are essential.

Question 6

Are foreign national loan rates higher in expensive Bay Area cities?

Accepted Answer

Rates depend more on loan amount and down payment than location. Millbrae's pricing doesn't directly impact your rate compared to other California cities.

Foreign National Loans in Millbrae: Buy Real Estate Without U.S. Citizenship