Question 1

Do I need a U.S. Social Security number to get a foreign national loan?

Accepted Answer

No. Most lenders accept a foreign passport as identification. Some also accept an ITIN, but it's not required for foreign national programs.

Question 2

Can I buy a rental property in Moorpark as a foreign national?

Accepted Answer

Yes. A DSCR loan is often the cleanest path — it qualifies on the property's rental income, not your personal foreign income.

Question 3

How much do I need to put down as a foreign national buyer?

Accepted Answer

Expect 30% minimum. Some lenders require 35-40% depending on your country of origin and asset documentation.

Question 4

Will my foreign bank statements be accepted as proof of assets?

Accepted Answer

Yes, but they must be translated into English. Some lenders also require notarization. Start gathering these documents early.

Question 5

How long does a foreign national loan take to close in California?

Accepted Answer

Plan for 30-45 days minimum. Document translation and lender review of foreign assets can add time. Don't rush the prep phase.

Question 6

Are foreign national loan rates higher than conventional rates?

Accepted Answer

Yes. These are non-QM loans — lenders price in the added risk. Rates vary by borrower profile and market conditions.

Foreign National Loans in Moorpark, CA