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Goleta sits next to UC Santa Barbara. That alone draws buyers from dozens of countries — faculty, researchers, and investors.
Foreign nationals can buy here without a US credit history or Social Security number. The right loan program makes that possible.
30–40%
Typical Down Payment
12+ months
Reserves Required
Not required
US Credit Score Needed
Non-QM
Loan Type
Foreign National Loans in Goleta
Most lenders want 30–40% down from foreign national buyers. That's the tradeoff for skipping US income docs.
You'll need a valid passport, visa documentation, and proof of foreign income or assets. Some lenders require a US bank account.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Goleta.
Goleta sits next to UC Santa Barbara. That alone draws buyers from dozens of countries — faculty, researchers, and investors.
Foreign nationals can buy here without a US credit history or Social Security number. The right loan program makes that possible.
Most lenders want 30–40% down from foreign national buyers. That's the tradeoff for skipping US income docs.
Big retail banks rarely do foreign national loans. This is a non-QM product — meaning non-traditional lending rules apply.
We work with 200+ wholesale lenders. Several specialize in foreign national programs. We shop them all for your scenario.
The biggest deal-killer we see: buyers assume any lender will take this loan. Most won't. You need a specialist.
Reserves matter a lot here. Lenders want to see 12+ months of mortgage payments sitting in a verifiable account.
If you have a US-issued ITIN, an ITIN loan may get you better terms than a foreign national program.
DSCR loans work if you're buying investment property. They qualify on rental income — not personal income at all.
Goleta's housing market is tight and high-priced. Foreign national buyers are often cash-strong, which helps compete.
Santa Barbara County properties attract international buyers looking for second homes and investment rentals near UCSB.
Yes. Foreign national loans don't require US credit history. Lenders use your passport, visa, and foreign financial records instead.
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.
Expect 30–40% down. Some programs require more for non-warrantable properties or vacation home purchases.
Yes. Many foreign national buyers in Goleta purchase investment rentals. A DSCR loan may also be worth comparing.
Some lenders require it. Others accept foreign bank accounts for reserves. We'll identify which programs work for your banking setup.
Yes, typically. Rates run higher due to the added lender risk. Rates vary by borrower profile and market conditions.