Question 1

Can I buy in Woodlake without a US credit score?

Accepted Answer

Yes. Foreign national loans don't require US credit history. Lenders use foreign income docs and a larger down payment instead.

Question 2

What visa types are accepted?

Accepted Answer

Accepted visa types vary by lender. B1/B2, E, L, and H visas are commonly accepted. Some programs have no visa requirement at all.

Question 3

How much do I need to put down?

Accepted Answer

Plan for at least 30% down. Some lenders go higher depending on the property type and your documentation. Rates vary by borrower profile and market conditions.

Question 4

Can I finance a rental property as a foreign national?

Accepted Answer

Yes. A DSCR loan may actually be a better fit. It qualifies you on the property's rental income, not your personal income.

Question 5

Do I need to visit California to close?

Accepted Answer

Not always. Some lenders allow remote closings using a notary or power of attorney. Ask your broker early — this varies by lender.

Question 6

Is an ITIN the same as a foreign national loan?

Accepted Answer

No. An ITIN loan suits people living in the US without a Social Security number. Foreign national loans are for buyers who reside outside the US.

Foreign National Loans in Woodlake, CA