Foreign-national DSCR loans let non-US residents and non-US citizens acquire US rental property. Specialty lenders fund foreign-national DSCR using property cash flow rather than personal income.
Who qualifies
Non-US-citizen, non-US-resident investors generally qualify. Foreign nationals on student or work visas may have alternative paths. Documentation requirements vary by lender and country of origin.
Typical terms
Down payment 30-50%. Interest rates 10-13%. Max LTV 60-70%. 30-year amortization with 5/1, 7/1 ARMs common. LLC vesting required.
Source-of-funds documentation
Foreign bank statements (translated and certified), notarized passport, source-of-funds memo, ITIN application, US LLC formation. Some lenders require letter of reference from foreign bank.
Foreign National DSCR Loans FAQ
Most lenders accept ITIN application in process at close. ITIN required for tax filings; not necessarily required to close.
Mexico, Canada, China, India, Brazil are the largest investor source countries. Specialty lenders may have country-specific underwriting.
Yes — FIRPTA requires 15% withholding on sale proceeds when foreign investor sells US real estate. Plan for this at exit.