Foreign National DSCR Loans in Florida
Buy Florida rental property without US credit, a Social Security number, or US tax returns. Foreign national DSCR loans qualify on the property’s rent, not on your personal income.
Who Foreign National DSCR Loans Are For
This program serves international investors buying income property in Florida. Therefore, the property must be a rental, not a home you live in.
Investors With No US Credit
You have never held a US loan or card. As a result, you have no US credit score. That is fine here.
Buyers Without an SSN or ITIN
Neither number is required. Instead, your passport and visa establish identity.
Owners Vesting in an LLC
Most lenders allow title in a US entity. Consequently, many investors hold property that way.
Short-Term Rental Owners
Some programs count nightly rental income. However, the property must still cash flow.
Portfolio Builders
Buying several units? There is usually no limit on financed properties.
How Foreign National DSCR Loans Work
DSCR stands for debt service coverage ratio. In short, it compares the rent to the payment.
The Ratio
- DSCR equals monthly rent divided by the full monthly payment.
- The payment includes principal, interest, taxes, insurance, and HOA dues.
- A DSCR of 1.00 means rent covers the payment exactly.
- Most lenders want 1.00 to 1.25 or better.
- A higher ratio usually improves your rate.
Typical Terms
- Down payment of 25% to 30% is standard in Florida.
- Some lenders allow 20% down with a strong ratio and large savings.
- Rates in 2026 generally run between 7% and 10.5%.
- Reserves of 6 to 12 months are common.
- Fixed, adjustable, and interest-only options exist.
What You Do Not Need
- No US credit score.
- No Social Security number or ITIN.
- No green card or US residency.
- No US tax returns.
- No employment or income verification.
One Important Limit
These loans fund investment property only. So if you want a second home for personal use, a DSCR loan will not work. Ask us about other foreign national options instead.
Foreign owners of US rental property also face withholding rules on sale. Therefore, review the IRS FIRPTA withholding rules with your tax advisor before you buy.
Comparing options? See our DSCR loan programs for US-based investors, or our non-warrantable condo loans if the building is not agency approved.
Documents You Will Need
The list is short compared with a conventional loan. Above all, we never ask for US tax returns.
Identity
- Valid passport.
- US visa, if you hold one.
- Proof of your foreign address.
Financial
- Two to three months of bank statements, foreign or US.
- Proof of funds for the down payment and reserves.
- A credit report from your home country, or reference letters from your bank.
- LLC documents, if you take title in an entity.
Property
- Signed purchase contract.
- A lease, if the unit is already rented.
- A market rent appraisal, which the lender orders.
Why Investors Work With Us
We Speak This Language
Foreign national files are not standard. Therefore, we place them with lenders who write these loans every week.
Faster Closings
Because the file skips income documents, these loans often move quickly once the appraisal lands.
Florida Focus
We know South Florida rents, condo rules, and insurance costs. Consequently, our numbers hold up in underwriting.
Frequently Asked Questions
Can I qualify with no US credit at all?
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How much do I need to put down?
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Can I buy in the name of an LLC?
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What if the property is vacant?
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Can I live in the property?
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Get Your Numbers First
Send us the address and the expected rent. Then we will run the ratio and tell you what the terms look like, at no cost.
This page is for general information only. It is not lending or legal advice. Program terms, ratios, rates, and down payment requirements vary by lender and change often. All financing is subject to underwriting approval.