Question 1

Can I get a foreign national loan without a U.S. bank account?

Accepted Answer

Some lenders accept foreign bank statements for reserves. Having a U.S. account helps, but it's not always required.

Question 2

Does my visa type affect eligibility?

Accepted Answer

Yes. Visa status affects which programs you qualify for. Some lenders restrict loans to specific visa categories.

Question 3

How much do I need to put down in Watsonville?

Accepted Answer

Most foreign national programs require 25–30% down. Higher down payments can improve your rate. Rates vary by borrower profile and market conditions.

Question 4

Can I rent out the property as a foreign national borrower?

Accepted Answer

Many foreign national programs allow rental use. A DSCR loan may be a better fit if rental income is the primary strategy.

Question 5

Do I need to be present in the U.S. to close?

Accepted Answer

Not always. Some lenders allow remote closings with a power of attorney. Confirm this with your broker before going under contract.

Question 6

What documents do foreign national buyers typically need?

Accepted Answer

Expect to provide passport, visa, foreign credit reference, and 12 months of bank statements. Translated documents must meet lender formatting requirements.

Foreign National Loans in Watsonville, CA