Canadian Buyer Purchases in LA With No US Credit

Alex lived in Vancouver. He had been watching the LA real estate market for two years and found a condo in Downtown LA he wanted as a long-term investment. $895,000. He was prepared to put 35% down.

He had no Social Security number, no US credit history, no US tax returns, and no US bank accounts.

Three lenders he contacted did not even call him back after he explained the situation.

Foreign national loans are a real product — they just require a lender who actually does them. The documentation is different: foreign credit report, passport, proof of international income or assets, and a larger down payment. No US credit score required.

Alex provided his Canadian credit report, three months of Canadian bank statements, and his passport.

He closed in 34 days. The condo cash-flows positively at current LA rental rates.

If you are buying in Los Angeles from outside the US, the right lender makes all the difference.