Question 1

Can I get a foreign national loan on a visa?

Accepted Answer

Yes. H-1B, L-1, and O-1 visa holders commonly qualify. You don't need permanent residency.

Question 2

Do I need a US bank account?

Accepted Answer

Some lenders require it, others don't. Having one speeds up the process and helps with asset verification.

Question 3

How much do I need to put down in San Jose?

Accepted Answer

Most foreign national programs require 30–40% down. San Jose prices make this a significant cash commitment.

Question 4

Can I use rental income to qualify?

Accepted Answer

Yes, on investment properties. A DSCR loan lets the property's rental income carry the qualification instead of personal income.

Question 5

Are foreign national loan rates higher than conventional rates?

Accepted Answer

Yes. These are non-QM loans — expect higher rates than conventional. Rates vary by borrower profile and market conditions.

Question 6

Can I buy a primary residence or only investment property?

Accepted Answer

Both are possible. Some lenders restrict to investment properties, others allow primary residences for visa holders.

Foreign National Loans in San Jose, CA