Question 1

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

Accepted Answer

Yes, many lenders allow remote closings through embassies or consulates. You'll need a US-based attorney or representative for final signing with mobile notary services.

Question 2

What down payment do I need for a Fairfield investment property?

Accepted Answer

Expect 25-30% down for investment properties. Primary residence purchases require 30-40% down. Lower down payments mean higher rates and stricter reserve requirements.

Question 3

Do foreign national loans require US credit history?

Accepted Answer

No, lenders use credit reports from your home country. Provide bank statements showing payment history. Some lenders accept alternative credit data instead of traditional credit scores.

Question 4

Can I use rental income from the property to qualify?

Accepted Answer

Yes, with DSCR-style foreign national loans. The property's rental income must cover the mortgage payment by 1.0x to 1.25x. Your personal income doesn't factor into approval.

Question 5

Which countries face restrictions for these loans?

Accepted Answer

Lenders restrict countries on OFAC sanctions lists. Each lender maintains different country policies. We check your eligibility across multiple lenders to find available options.

Question 6

How do California property taxes work for foreign owners?

Accepted Answer

Same tax rates as US citizens in Solano County. You'll pay approximately 1.1-1.3% of purchase price annually. Property tax gets included in your reserve requirement calculations.

Foreign National Loans in Fairfield: Financing Without US Citizenship