We offer loans for true Foreign Nationals with incredible terms. This loan can be made on a 2nd home or investment property in the US for a resident of another country. There are many investor options and some require very little documentation to close. For investment properties, the loan can be qualified using only the cash-flow on the subject property or Debt Service Coverage Ratio (DSCR).
A DSCR loan is a type of non-QM loan for real estate investors. Lenders use a DSCR to help qualify real estate investors for a loan because it can easily determine the borrower’s ability to repay without verifying income.
The Debt Service Coverage Ratio is a ratio of a property’s annual net operating income and its annual mortgage debt, including principal and interest. Lenders use DSCR to analyze how much of a loan can be supported by the income coming from the property as well as to determine how much income coverage there will be at a specific loan amount.
Potentially quicker closing times
No income or job history verification required
No limit on the number of properties
Loan amounts up to $5,000,000
Unlimited cash out
As little as 20% on down payments
Interest-only loan option available
Suited for new and seasoned real estate investors
Both long-term and short-term rentals are eligible (Airbnb, VRBO, etc.)
No reserves required on cashout loans, 6 months required on all other loans unless the DSCR ratio is less than 1