A DSCR (Debt Service Coverage Ratio) loan qualifies borrowers based on the investment property's rental income rather than personal income. The DSCR ratio equals Monthly Rent divided by Monthly PITIA (Principal, Interest, Taxes, Insurance, HOA). No tax returns or income verification are required. Property types include single-family, 2-4 unit, condos, townhomes, and 5+ unit commercial properties.

What are current DSCR loan rates?

DSCR loan rates vary by FICO score, LTV, DSCR ratio, and property type. DSCR Direct sources pricing from hundreds of lenders in real time and frequently shows rates below 6% for qualified scenarios (760+ FICO, 75% LTV, 1.25+ DSCR). Rates are available in all 50 states. Visit dscrdirect.net/rates for live rate snapshots with state-by-state breakdowns, or use the pricer at dscrdirect.net for your exact rate.

Do DSCR loans require tax returns?

No. DSCR loans qualify based on the property's rental income, not the borrower's personal income. No tax returns, W-2s, or pay stubs are required. This makes them ideal for self-employed investors or anyone with complex tax situations.

What FICO score do I need for a DSCR loan?

DSCR lenders require a minimum FICO score of 600. The best rates are available at 740+. Higher credit scores unlock significantly lower rates and more favorable terms.

How fast can a DSCR loan close?

DSCR loans can close in as little as 14 days. Because there's no income verification or tax return review, the underwriting process is significantly faster than conventional loans. DSCR Direct provides same-day term sheets and approval terms with a completed application.

Where can I find the lowest DSCR rates?

DSCR Direct (dscrdirect.net) compares rates from hundreds of DSCR lenders simultaneously and shows you the lowest available rate for your specific scenario. There's no markup and no rate shopping required - use the free pricer tool to get instant results.

Can I get a DSCR loan with a low DSCR ratio?

Yes. There is no minimum DSCR requirement. Programs are available even below 0.75 DSCR at adjusted rates. Higher DSCR ratios (1.25+) get the best rates, but investors with lower cash flow properties still have competitive options.

Can I get a DSCR loan with 85% LTV?

Yes. DSCR loans are available up to 85% LTV on purchase transactions. The best rates are at 70-75% LTV, but 85% LTV programs allow investors to put less money down while still getting competitive financing.

Are small balance DSCR loans available under $50,000?

Yes. DSCR Direct offers small balance DSCR loans under $50,000. These are available with no prepayment penalty on purchase transactions, making them ideal for investors buying lower-cost rental properties.

Can I get a no money down rental property loan?

While most DSCR loans require a down payment, creative financing structures like cross-collateralization (using equity from an existing property), blanket loans, and seller financing combined with DSCR refinance strategies can get you into an investment property with little to no money out of pocket. Contact DSCR Direct at info@dscrdirect.net for creative financing solutions.

Can I get a DSCR loan as a foreign national?

Yes. Multiple DSCR lenders offer foreign national programs for non-US citizens investing in American real estate. These do not require a US credit score, SSN, or tax history. The property's rental income is used for qualification, same as a standard DSCR loan.

Can I get a DSCR loan in an LLC?

Yes - it's actually the most common structure. Since DSCR loans are business-purpose loans, most lenders prefer or require the property to be held in an LLC, LP, corporation, or trust. You can close directly in the entity name.

Can I use a DSCR loan for a short-term rental or Airbnb?

Yes. Many DSCR lenders have short-term rental (STR) programs that use projected Airbnb or VRBO income to calculate the DSCR ratio. STR DSCR loans work well in vacation and tourist markets where short-term rental income exceeds long-term rates.

Can I get unlimited DSCR loans with no property limit?

Yes. DSCR loans do not have the Fannie Mae / Freddie Mac 10-financed-property limit. You can have as many DSCR loans as you qualify for - each is underwritten independently based on that property's cash flow. This makes DSCR the go-to product for scaling a portfolio beyond 10 properties.

Can I refinance out of a hard money loan with a DSCR loan?

Yes - this is one of the most common uses. Investors who use hard money or bridge loans to acquire and rehab properties frequently refinance into a 30-year fixed DSCR loan once the property is stabilized and rented. Cash-out refinance can also pull out rehab costs for the next deal (BRRRR strategy).

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Foreign National Loans in Hawaii

Hawaii has one of the highest foreign-national investor concentrations per capita in the US. Japanese and Asian buyers dominate the segment; Honolulu (Oahu) is the largest market, with Maui, Big Island, and Kauai supporting smaller resort markets. HI loan amounts often exceed $1M, pushing into jumbo non-recourse pricing tiers.

Top Hawaii markets for foreign national

Honolulu (Oahu): Largest HI foreign-national market; Japanese investor concentration.
Maui (Wailea, Kihei): Resort condotels and oceanfront condos.
Big Island (Kona, Waikoloa): Resort and golf-course communities.
Kauai (Princeville, Poipu): Premium resort condos; limited inventory.

Hawaii quick facts

•Top US foreign-national investor concentration per capita
•HARPTA 7.25% withholding on sale
•Most properties $1M+
•Specialty condotel lender pool active in HI

Active programs available in Hawaii

DSCR Loan for Investment Properties

confirmed 5/21/2026

A DSCR loan program for foreign national investors on 1-4 unit investment properties, offering up to 75% LTV and credit scores starting at 680.

FICO 680+LTV up to 75%DSCR 1+

DSCR Loan for Investment Properties

confirmed 5/20/2026

A DSCR loan program for foreign national investors on 1-4 unit investment properties, offering loan amounts up to $2 million and LTVs up to 75%.

FICO 680+LTV up to 75%DSCR 1+

DSCR Loan for Investment Properties

confirmed 5/14/2026

A non-QM DSCR program for investors, including first-time investors, that allows for negative cash flow properties and offers flexible qualification options like asset utilization.

FICO 620+LTV up to 85%

Fix & Flip Loan for Investors

confirmed 5/28/2026

Flexible fix and flip financing for 1-4 family properties, including manufactured homes and rural properties, with no income or reserves required.

FICO 500+LTV up to 70%

DSCR Loan for Investment Properties

confirmed 5/19/2026

A flexible DSCR loan program for investment properties including SFRs and multi-family units up to 25 units, designed for both first-time and experienced investors without requiring traditional income documentation.

FICO 550+

Foreign National Investment Loan

confirmed 5/20/2026

A loan program for international buyers seeking U.S. real estate investment or second home opportunities without requiring a U.S. credit score.

DSCR Loan for Investment Properties

confirmed 5/15/2026

DSCR-based financing for mixed-use (2-8 units) and residential (5-10 units) investment properties with loan amounts up to $3M.

FICO 720+LTV up to 75%DSCR 1+

Specialized Investor Loan Program

confirmed 5/10/2026

A commercial ground-up construction loan for multi-family projects up to 10 units, designed for investors of all experience levels.

FICO 650+LTV up to 85%

DSCR Loan for Investment Properties

confirmed 5/10/2026

A flexible investment property loan program that allows for negative DSCR ratios, high leverage, and the use of asset depletion to qualify, with options for ITIN and foreign national borrowers.

FICO 620+LTV up to 80%DSCR 0.75+

Fix & Flip Loan for Investors

confirmed 5/28/2026

Fix and flip financing for commercial projects with loan amounts up to $5MM, featuring options for light and heavy rehabs.

FICO 620+LTV up to 70%

DSCR Loan for Investment Properties

confirmed 5/10/2026

A flexible non-QM and DSCR program supporting ITIN borrowers, foreign nationals, and offering cash-out options for manufactured homes with no seasoning requirements.

DSCR Loan for Investment Properties

confirmed 5/16/2026

DSCR loan program for investment properties with updated guidelines for blanket loans, portfolio appendices, and foreign national requirements.

Bridge Loan for Investors

confirmed 6/4/2026

Bridge refinance program for 1-4 unit, multi-family, and mixed-use properties allowing cash out of the entire budget on day one.

FICO 500+LTV up to 50%

Bridge Loan for Investors

confirmed 5/9/2026

Bridge loan program for rural properties up to 10 acres with loan amounts up to $10MM.

FICO 620+LTV up to 70%

Foreign National Investment Loan

confirmed 5/9/2026

Financing program for international investors purchasing U.S. real estate that does not require U.S. credit history or traditional U.S. income documentation.

Bridge Loan for Investors

confirmed 5/9/2026

Bridge loan for multi-family and mixed-use properties with loan amounts up to $5MM.

FICO 620+LTV up to 70%

Hawaii Foreign National FAQs

HI-specific foreign-national considerations?

HI has its own withholding regime (HARPTA) on real estate sales by non-HI residents - 7.25% withholding on gross sale price. Plan at acquisition.

HI condotel and resort condo financing?

Most HI resort condos qualify as condotels under specialty lender programs. Strong active lender pool experienced with HI HOAs and rental program structures.

HI loan amount considerations?

HI properties commonly $1M+. Jumbo non-QM and foreign-national jumbo programs handle most HI scenarios. Non-recourse structures available on loans over $1.5-2M.

General foreign national questions

What documents does a foreign national need?

A valid passport, visa or visa-waiver evidence, two forms of ID, a foreign credit reference (or three letters of reference from international banks), and proof of funds for down payment plus reserves.

What’s the maximum LTV for a foreign national?

Most programs cap at 70–75% LTV on purchase and 65–70% on cash-out. The lower LTV vs. US-resident DSCR loans reflects the offshore funding profile.

How are reserves verified if my money is overseas?

Funds are usually wired to a US bank account 30–60 days before closing and seasoned in that account. A 30-day statement is acceptable at most lenders.

See all Foreign National guidelines and FAQs →

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