Loading
South San Francisco attracts international buyers due to biotech industry concentration and proximity to SFO. Foreign nationals often purchase here for investment properties or executive housing during extended work assignments.
Non-QM lenders now accept cryptocurrency holdings as reserves for foreign national borrowers. This matters in South San Francisco where tech executives often hold significant digital assets alongside traditional wealth.
Most foreign national loans here are for single-family homes or condos near Oyster Point and downtown. Investors typically put 30-40% down and use properties as short-term rentals or corporate housing.
You need a valid passport and proof of foreign address. Most lenders require 30-35% down for primary residence, 40-50% for investment property.
Acceptable income documentation includes foreign tax returns, employment letters, and business ownership statements. Bank statements must show 6-12 months of reserves after closing.
Credit gets evaluated through your home country's reporting system or alternative scoring methods. Some lenders accept payment history on utilities, rent, and international credit cards.
About 20-25 of our 200+ wholesale lenders offer foreign national programs. Each has different country restrictions and documentation requirements.
Lenders charge 0.5-1.5% higher rates than conventional loans due to additional risk assessment. Origination fees typically run 1-2 points higher as well.
Some lenders won't lend to passport holders from certain countries. We pre-screen based on your nationality to avoid wasting time with incompatible lenders.
South San Francisco deals close faster when you open a U.S. bank account before applying. Transfer at least three months of reserves early so statements show seasoned funds.
The biggest approval killer is currency exchange documentation. Use reputable wire services and keep every transfer receipt showing source of funds from your home country.
We recently closed a deal where cryptocurrency verification took two extra weeks. If you're using digital assets as reserves, expect additional scrutiny and longer processing times.
ITIN loans work better if you have U.S. employment income. Foreign national loans don't require any U.S. income source or tax filing history.
DSCR loans make sense for pure investment plays with strong rental income. Foreign national programs offer more flexibility on intended use and occupancy plans.
Asset depletion loans can work for retired foreign nationals with substantial liquid assets. You'll typically get better rates through traditional foreign national programs though.
San Mateo County charges higher transfer taxes than neighboring counties. Factor in an additional 0.55% to your closing costs for properties over $1 million.
HOA approval can delay closings in South San Francisco condo buildings. Many associations require additional documentation from foreign buyers and board interviews.
Rental demand stays strong year-round near biotech campuses. Foreign investors buying near Oyster Point typically achieve 3-4% rental yields according to property managers we work with.
No visa required. You only need a valid passport and proof of foreign residence. Tourist visa holders qualify as easily as those with no U.S. visa at all.
Yes, most lenders accept foreign income documentation. Provide tax returns, employment letters, or business financials from your home country translated to English if needed.
Expect 30-35% down for a primary residence, 40-50% for investment property. Higher down payments sometimes unlock better rates from certain lenders.
Most major countries qualify, but lenders maintain restricted lists. We check your specific nationality against our lender network before starting your application.
Some lenders now accept verified crypto holdings as reserves. You'll need detailed documentation of your digital assets and expect longer verification times than traditional reserves.
Plan for 45-60 days minimum. International wire transfers, currency documentation, and lender due diligence add two to three weeks versus conventional loans.
Foreign National Loans in South San Francisco