Question 1

Can I buy a vacation rental in Sonoma as a foreign national?

Accepted Answer

Yes. Many foreign national loan programs allow vacation rental use. Confirm the specific property's rental rules with local Sonoma ordinances.

Question 2

Do I need a US bank account to get this loan?

Accepted Answer

Most lenders require one for closing and ongoing payments. Opening a US account early in the process saves time.

Question 3

What documents do foreign buyers need to apply?

Accepted Answer

Expect to provide a passport, visa, foreign bank statements, and reference letters. Requirements vary by lender.

Question 4

Are interest rates higher for foreign national loans?

Accepted Answer

Yes, typically. These are non-QM programs, so rates run higher than conventional. Rates vary by borrower profile and market conditions.

Question 5

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

Accepted Answer

Some lenders allow remote closings. An attorney or power of attorney can sometimes sign on your behalf at closing.

Question 6

How long does the loan process take in Sonoma?

Accepted Answer

Plan for 30-45 days minimum. Foreign document verification adds time — don't let that catch you off guard during escrow.

Foreign National Loans in Sonoma, CA