The Foreign National DSCR program is tailored for individuals residing abroad who wish to purchase or refinance investment properties in the United States. This program qualifies borrowers based on the property’s Debt Service Coverage Ratio (DSCR), eliminating the need for income documentation.
Eligibility:
- Loan amounts up to $3,000,000.
- DSCR qualification based solely on the investment property’s cash flow.
- Overseas assets accepted for reserve requirements.
Benefits:
- Simplified qualification process with no income documentation required.
- High loan limits provide flexibility for large investment opportunities.
- Allows the use of overseas assets to meet reserve requirements, supporting international borrowers.
Consideration:
- Limited to investment properties only.
- Borrowers must meet DSCR requirements for qualification.
- Specific property and reserve documentation may apply.