Foreign National Mortgages in California: Buying Property from Abroad

California is one of the most popular states for international property investment. Foreign nationals from around the world purchase homes in Los Angeles, San Francisco, Irvine, San Diego, and other desirable markets. Save Financial's foreign national mortgage program makes this possible without requiring US citizenship, permanent residency, or a Social Security number.

Who Qualifies as a Foreign National?

For mortgage purposes, a foreign national is anyone who is not a US citizen or permanent resident (green card holder). This includes citizens of any country who want to purchase California property for investment, vacation use, or as a part-time residence.

Requirements

Foreign national programs typically require 30-40% down payment, a valid passport and visa (tourist visa is acceptable), proof of funds in a US bank account (some programs accept foreign bank statements), and no US credit history required (foreign credit may be used).

Loan amounts generally range from $100,000 to $3 million or more. Interest rates are higher than conventional US citizen rates, typically starting in the mid-7% to 8% range.

Property Types

Foreign nationals can purchase single-family homes, condos, townhomes, and multi-family properties (2-4 units) in California. Both primary use and investment properties are eligible, though most foreign national purchases are for investment or vacation use.

Tax and Legal Considerations

FIRPTA (Foreign Investment in Real Property Tax Act) requires buyers to withhold 15% of the purchase price for tax purposes when selling. Consult a tax professional familiar with international real estate taxation. Many foreign investors purchase through US-based LLCs for liability and tax structuring. California property ownership by foreign nationals is fully legal and common.

Save Financial's Global Reach

Save Financial has extensive experience serving international clients. Our team includes multilingual professionals (English, Spanish) who understand the unique challenges of cross-border real estate transactions. We coordinate with international banking, title companies experienced in foreign transactions, and tax advisors.

Call (888) 703-1840 or email mike.basti@iloanca.com to discuss foreign national mortgage options.