Question 1

Can I buy in Goleta without a US credit score?

Accepted Answer

Yes. Foreign national loans don't require US credit history. Lenders use your passport, visa, and foreign financial records instead.

Question 2

What visa types qualify for this loan?

Accepted Answer

B1/B2, E, H, L, O, and other visa classes can qualify. Each lender has its own approved list — we'll match your visa to the right program.

Question 3

How much do I need to put down?

Accepted Answer

Expect 30–40% down. Some programs require more for non-warrantable properties or vacation home purchases.

Question 4

Can I use this loan for a rental property near UCSB?

Accepted Answer

Yes. Many foreign national buyers in Goleta purchase investment rentals. A DSCR loan may also be worth comparing.

Question 5

Do I need a US bank account to close?

Accepted Answer

Some lenders require it. Others accept foreign bank accounts for reserves. We'll identify which programs work for your banking setup.

Question 6

Are foreign national loans more expensive than conventional loans?

Accepted Answer

Yes, typically. Rates run higher due to the added lender risk. Rates vary by borrower profile and market conditions.

Foreign National Loans in Goleta, CA