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