Question 1

Can I get a foreign national loan without a US visa?

Accepted Answer

Yes. These loans don't require any US residency status. You can be on tourist visa, work visa, or have no visa at all when buying.

Question 2

What interest rates should I expect in Redwood City?

Accepted Answer

Expect rates 1-2% above conventional loans as of February 2026. Rates vary by borrower profile and market conditions based on your down payment and property type.

Question 3

How long does foreign national loan approval take?

Accepted Answer

Plan for 30-45 days if your documents are ready. Translation of foreign bank statements adds time if you wait until after applying to start that process.

Question 4

Do I need a US bank account?

Accepted Answer

Not for approval. You'll need one to make mortgage payments. Most buyers open accounts after approval but before closing.

Question 5

Can I use cryptocurrency as part of my down payment?

Accepted Answer

Some lenders now accept verified crypto holdings as reserves. You'll need to liquidate crypto to cash for the actual down payment at closing.

Question 6

What happens if I get a green card after buying?

Accepted Answer

You can refinance to conventional terms once you have two years of US tax returns. This usually drops your rate 1-2% and removes prepayment penalties.

Foreign National Loans in Redwood City — Buy Without US Citizenship