Question 1

Can I get a foreign national loan without visiting the US?

Accepted Answer

Yes, remote closings work through power of attorney arrangements. You'll need a US-based attorney to represent you at closing and handle document signing remotely.

Question 2

What down payment do I need in Dorris?

Accepted Answer

Most lenders require 30-40% down for investment properties. Primary residence purchases by visa holders sometimes qualify at 25% down depending on visa type.

Question 3

Do foreign national loans have prepayment penalties?

Accepted Answer

Most programs include 2-3 year prepayment penalties. Some lenders waive this for larger down payments or accept higher rates to remove the penalty.

Question 4

Can I use rental income to qualify?

Accepted Answer

Yes, DSCR loan structures let you qualify purely on property cash flow. This works well when foreign income is difficult to document through US underwriting.

Question 5

What interest rates should I expect as of February 2025?

Accepted Answer

Foreign national rates typically run 1.5-3% above conventional conforming rates. Exact pricing depends on down payment, property type, and your residency status. Rates vary by borrower profile and market conditions.

Foreign National Loans in Dorris, California — Buy Property Without US Citizenship