Introduction
For real estate investors, rental loans are a vital tool, and DSCR (Debt Service Coverage Ratio) is the key metric used to assess whether a property’s rental income can cover its debt payments. Our DSCR loan program offers unmatched flexibility, allowing foreign nationals to qualify without needing a green card or U.S. citizenship. If your investment is for rental purposes, nearly anyone can apply. In this post, we’ll break down what DSCR is, its benefits, and the requirements for our DSCR loans.
What is DSCR?
DSCR stands for Debt Service Coverage Ratio, which measures how well rental income covers loan payments. Our DSCR loans are highly flexible, even allowing for "no ratio" scenarios.
Benefits of DSCR Loans
Here’s why our DSCR loans are a great option for investors:
No tax documents required: Forget the complex income and tax paperwork—our process is streamlined, especially for foreign nationals.
No DSCR requirement: Our DSCR ratio can be no ratio!
Foreign national friendly: Whether or not you have a U.S. green card or citizenship, as long as your investment is for rental purposes, you can qualify. Our Foreign National Program is designed just for you.
Fast approval: With a focus on rental income potential, our loan approval process is quick—closings can happen in as little as two weeks!
DSCR Loan Requirements
Our DSCR loans are easy to qualify for, but you’ll need to meet a few basic criteria:
Credit score of 620+: A minimum credit score of 620 is required.
Down payment of 20%: At least 20% down is needed for DSCR loans.
Investment properties only: The loan must be used for rental property investment.
Foreign nationals welcome: No green card? No problem. You’re eligible to apply through our Foreign National Program without any residency restrictions.
Successful Cases
· Flushing Three-Family Investment Property, No-Income-Verified Equity Loan! ·
DSCR program, based solely on rental income
No need for income verification or employment proof!
Loan for 65% of the property’s equity, 30-year fixed rate at 7.375%!
(You can get up to 75%-80%~)
The homeowner can now leverage the property to buy more and grow their wealth!
· Virginia Apartment, No-Income-Verified Equity Loan ·
Closed in three weeks—thanks to the client’s cooperation!
DSCR program, based solely on rental income~
No need for income verification or employment proof!
Loan for 80% of the property’s equity, 30-year fixed rate at 7.875%!
(Closed last month, and the rates have recently dropped again xD)
Our DSCR loans offer unmatched flexibility, especially for foreign nationals or those without U.S. residency. With rental income as your key, nearly anyone can qualify.
Want to learn more? Book a consultation online or apply now to get started. Be sure to subscribe to our blog for the latest loan updates and market insights!
Comments