Question 1

Do I need a US credit score to qualify?

Accepted Answer

Most foreign national lenders don't require a US credit score. A foreign credit report or bank reference letter usually substitutes.

Question 2

Can I buy an investment property in Simi Valley as a foreign national?

Accepted Answer

Yes. A DSCR loan may actually be a better fit for rental properties. It qualifies on rent income, not your personal foreign income.

Question 3

What visa types do lenders accept?

Accepted Answer

Accepted visa types vary by lender. B1, B2, and tourist visas are harder — E, H, L, and O visas typically get better treatment.

Question 4

How much do I need in reserves?

Accepted Answer

Expect lenders to require 12 months of mortgage payments in liquid reserves. Some lenders require more for non-owner-occupied properties.

Question 5

Can I get a foreign national loan through a regular bank in Simi Valley?

Accepted Answer

Unlikely. Most retail banks don't offer this program. Non-QM wholesale lenders are where this product is actually available.

Question 6

How long does closing take for foreign national loans?

Accepted Answer

Plan for 30-45 days. Cross-border document verification adds time. Start gathering foreign bank statements and income docs early.

Foreign National Loans in Simi Valley, CA