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Foreign national and ITIN DSCR loans
Overseas and ITIN investors can buy Carolina rentals on select programs, qualified on the property's rent.
Yes, select programs make DSCR loans to foreign nationals buying Carolina investment property. Across our lender network, programs commonly lend up to about 70% to 75% of the value on a purchase, often through a US LLC, with a valid passport, 6 to 12 months of reserves in US dollars and no US tax returns. Some programs accept no US credit score. Select programs also serve ITIN borrowers.
Who foreign national DSCR loans are for
These programs serve non-US citizens who do not have a US credit history, Social Security number or US tax returns, such as overseas investors, expats and visa holders buying a vacation or rental property in the Carolinas. The loan qualifies on the property's rent, like any DSCR loan, and it is for investment property only.
The ranges across our network
| Item | What to expect on select programs |
|---|---|
| Loan-to-value | Commonly 70% to 75% on a purchase, lower on a refinance or cash-out |
| Loan amount | Starting around $100,000, often up to $1.5 million or $2 million |
| DSCR | 1.0 or higher is common |
| Reserves | Commonly 6 to 12 months of PITIA in US dollars |
| Credit | International credit or reference letters on some programs. No credit score on select programs |
| Identification | A valid passport, plus a visa where applicable |
| Borrower | Often a US LLC, with the foreign national as guarantor. Some allow personal ownership |
| Income documents | No US tax returns, W-2s, pay stubs or income verification |
General guidance on programs available across our lender network. Not every program offers every feature, features often cannot be combined, and guidelines change without notice. Rates and terms are not shown here. This is not a commitment to lend.
What the process looks like
- Tell us about the property and your situation. Country of residence, visa status, intended ownership and the plan for the property.
- Match to a program. Credit documentation and ownership structure change which programs fit.
- Move funds. Down payment and reserves are usually wired into a US account and sourced, since they must be verifiable.
- Set up the entity. If you will use an LLC, we coordinate the documents with your attorney. We do not give legal or tax advice.
- Close. Closings run through a North Carolina or South Carolina attorney. If you cannot attend, ask about remote signing options early, since overseas signing can require consular or notary steps.
ITIN borrowers
If you live in the US and file with an ITIN rather than a Social Security number, select programs offer DSCR loans with a US credit profile, often at a higher credit score minimum and a lower maximum LTV than for US citizens. Ask us for current options.
More DSCR programs
- First-time investor DSCR loans
- DSCR below 1.0 and no-ratio loans
- Airbnb and short-term rental DSCR loans
- Interest-only DSCR loans
- DSCR cash-out refinance
- DSCR loans for LLCs
- 5 to 8 unit DSCR loans
- All DSCR loan programs at a glance
- DSCR loan requirements
- DSCR calculator
Ready to run your numbers?
Free quote. No credit pull to start. A licensed 1st Advantage Mortgage team member follows up.
Frequently asked questions
Can a foreign national buy a rental property in North Carolina or South Carolina with a DSCR loan?
Yes, on select programs. Foreign nationals can finance Carolina investment property without US tax returns, and on select programs without a US credit score. You typically need a valid passport, funds for the down payment and reserves held in or moved to a US account, and a larger down payment than a US borrower. Not a commitment to lend.
How much down payment does a foreign national need?
Across our lender network, foreign national programs commonly lend up to about 70% to 75% of the value on a purchase, so plan on about 25% to 30% down, with lower LTV on cash-out refinances. Loan amounts commonly run from $100,000 into the $1.5 million to $2 million range.
Do foreign nationals need a US credit score?
Not on select programs. Some use international credit reports or reference letters, and some price the loan without a credit score. Other programs prefer a US credit profile. Tell us what you have and we will match it.
Can foreign nationals close in an LLC?
Often yes. Many programs require or allow a US LLC as the borrowing entity, with the foreign national as guarantor. See DSCR loans for LLCs.
Can ITIN borrowers get a DSCR loan?
Select programs offer DSCR loans to borrowers with an ITIN, typically with a higher credit score and lower maximum LTV than for US citizens. Terms vary by program.
Free, no obligation
Get your DSCR loan quote
Tell us about the property. A licensed 1st Advantage Mortgage team member follows up with you. There is no fee to ask and no credit pull to start.
- We compare specialist wholesale lenders instead of fitting you to one lender's menu
- Qualify on the property's rent, with no tax returns, W-2s or pay stubs on any program
- North Carolina and South Carolina investors, including first-time investors and LLC buyers
- Talk to a person: call 704-343-8681
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