Foreign National
With the Foreign National DSCR Loan Program, purchasing or refinancing a home in the United States has never been easier โ even without U.S. income, employment, or credit history.
๐ What Is a Foreign National DSCR Loan?
The Foreign National DSCR (Debt Service Coverage Ratio) loan is a special mortgage program designed for non-U.S. residents who want to buy or refinance investment properties in the United States. This program is ideal for international investors who:
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Live and work outside the U.S.
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Earn income in their home country
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Want to invest in U.S. rental property without the hassle of traditional mortgage requirements
โ What Is Not Needed
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U.S. credit history
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U.S. income or employment verification
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Personal or business tax returns
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W-2s, paystubs, or 1099s
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Social Security number or ITIN
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DTI (Debt-to-Income ratio) calculation
โ What Is Needed
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Valid foreign passport and proof of residency abroad
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Rental analysis or appraiserโs 1007 form (to confirm rental income)
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DSCR of 1.0 or higher
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Valid entry visa or travel documentation (if applicable)
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Bank statements showing funds for down payment and reserves (typically 12 months of PITIA)
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Asset seasoning, usually 60 days
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Completed loan application and purchase contract or refinance documents
โ General Information (Bullet Points)
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Designed for foreign nationals purchasing or refinancing property in the U.S.
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Borrower must reside and earn income outside the U.S.
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Loan is based on Debt Service Coverage Ratio (DSCR) โ no personal income required
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Requires a minimum DSCR of 1.0 (property’s rent must cover the mortgage payment)
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No U.S. credit history is needed
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No personal or business tax returns required
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No ITIN or Social Security number needed
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Typically used for investment properties
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Visa not required, but valid passport and proof of foreign residency are
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Funds for down payment and reserves must be sourced and seasoned
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Competitive rates, fast close, and simplified documentation