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Solvang draws international buyers. The Danish-themed village in Santa Barbara County is a known destination for European and Asian investors.
Foreign nationals can legally purchase U.S. property. The loan programs designed for them are non-QM — meaning outside standard government guidelines.
Not always
U.S. Credit Required
25–40%
Typical Down Payment
Non-QM
Loan Type
45–60 days
Est. Close Time
12+ months
Reserves Needed
Foreign National Loans in Solvang
No U.S. credit history? That's the norm for these borrowers. Lenders use foreign credit reports, bank references, or asset documentation instead.
Most programs require 25–40% down. Higher down payments offset the added risk lenders take on without a U.S. credit file.
Local decision guide
Use this guide to connect foreign national loans eligibility, lender expectations, and local market factors before comparing payment options in Solvang.
Solvang draws international buyers. The Danish-themed village in Santa Barbara County is a known destination for European and Asian investors.
Foreign nationals can legally purchase U.S. property. The loan programs designed for them are non-QM — meaning outside standard government guidelines.
No U.S. credit history? That's the norm for these borrowers. Lenders use foreign credit reports, bank references, or asset documentation instead.
Most retail banks won't touch foreign national loans. You need wholesale lenders with dedicated non-QM programs built for this borrower profile.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in foreign national programs across California vacation and investment markets.
The biggest deal-killer is documentation. Lenders want bank statements, foreign tax returns, or a CPA letter — translated and formatted correctly.
Solvang properties often serve as short-term rentals. Pair a foreign national loan with DSCR underwriting when rental income supports the deal.
ITIN loans are a close alternative. They serve borrowers with a U.S. tax ID who've built some domestic financial history.
Asset depletion loans work when the borrower has large liquid assets but no income to document. Both are worth modeling before you commit.
Solvang is a small market. Inventory is limited, and sellers expect strong offers. A large down payment helps foreign national buyers compete.
Santa Barbara County properties attract international tourism. That supports short-term rental demand — which matters if you plan to lease the property.
Yes. Non-U.S. citizens can legally purchase California real estate. Specialized non-QM lenders fund these transactions.
No. Lenders accept foreign credit reports or bank references. Some programs require no U.S. credit history at all.
Most programs require 25–40% down. The exact amount depends on the lender, property type, and loan size.
Many foreign nationals buy Solvang properties as short-term rentals. A DSCR loan structure may fit better for income-producing properties.
Expect bank statements, a foreign credit report or bank reference letter, passport, and proof of income or assets — translated into English.
Plan for 45–60 days. Document translation, verification, and lender review add time compared to standard loans.