DSCR Rate/Term
- Credit 680 FICO75% LTV
- Credit 660 FICO65% LTV
- Credit No FICO75% LTV
ITIN & Foreign National · No U.S. credit required
ITIN & Foreign National Loans for U.S. Investment Properties
No Social Security number. No U.S. credit score required.
Qualify on the property's rent (DSCR) or documented foreign income. Purchase, rate and term, and cash-out from $75,000 to $3 million.
- 75%
- Max purchase LTV
- $75K–$3.0M
- Max loan amount
- Not required
- U.S. credit score
- 12 months
- Reserves
How much can you actually borrow?
These are the published limits for ITIN and foreign national borrowers buying or refinancing U.S. investment property or a one-unit second home.
They are not a teaser rate or a marketing estimate. Final LTV and loan terms are subject to underwriting.
Maximum LTV at a glance
Highest published LTVs on 1-4 unit, PUD, and condo. Three buckets: DSCR rate and term, DSCR cash-out, and Full Doc.
Lower loan amounts may qualify for the highest leverage shown.
DSCR Cash-out
- Credit 680 FICO70% LTV
- Credit 660 FICO55% LTV
- Credit No FICO70% LTV
Full Doc
- Credit 680 FICO75% LTV
- Credit 660 FICO65% LTV
- Credit No FICO75% LTV
Soft credit pull only. Checking your terms will not affect your credit score.
Two ways to qualify
If the property cash-flows, DSCR is usually the simpler path. Rent covers the payment. Personal income stays off the file.
If rent is not enough, or you are financing a second home, Full Documentation is the better fit. We look at both and tell you which one is stronger.
Rent Qualifies You
DSCR
Qualify based on the property's rental income, not your personal income. DSCR compares gross rent with the proposed PITIA. No personal income is collected or verified, and DTI does not apply. Investment properties only.
Income Qualifies You
Full Documentation
Qualify using documented personal income when property cash flow is not enough. Provide a licensed accountant letter covering the prior two years plus year-to-date income. Maximum 43% DTI. Available for investment properties and second homes.
Rules that apply to both paths
DSCR and Full Documentation share the same core limits: loan size, occupancy, reserves, terms, and vesting.
Plan for reserves early. Every file needs 12 months of the new payment, on top of down payment and closing costs.
- Loan amount
- $75,000 minimum · $3,000,000 maximum
- Occupancy
- Investment (vacant or tenant-occupied) · Second home, one unit, Full Documentation only
- Reserves
- 12 months of the new payment on every file, on top of down payment and closing costs
- Terms
- 30-year fixed · 40-year fixed · 5/6 ARM · 7/6 ARM · Interest-only on 5/6 ARM, 30-year, and 40-year
- Vesting
- Your name, or LLC / corporation (max four owners; every owner is a borrower and guarantor)
- Not eligible
- Mixed-use · 5+ units · Manufactured housing · Primary residences
DSCR coverage tiers
DSCR is the property's gross rent divided by the proposed housing payment. On interest-only loans we use ITIA instead of PITIA.
Condos and condotels need a DSCR of 1.00 or higher. Coverage below 1.00 is not available on those property types.
- 1.25+Best pricing and widest leverage
- 1.00–1.24Fully eligible
- 0.75–0.99Tighter LTV; no condos
- Below 0.75Lowest leverage; no condos
- 1.25 or higher
- Strongest tier. Best available pricing and the widest leverage and loan-amount options.
- 1.00 – 1.24
- Fully eligible. Pricing is modestly higher than 1.25+.
- 0.75 – 0.99
- Eligible, but leverage tightens and pricing rises. Minimum 680 FICO or the No-FICO path. Not available on condominiums or condotels. Cash-out max 70% CLTV.
- Below 0.75
- Lowest leverage, highest pricing. Minimum 680 FICO or No-FICO. Not available on condominiums or condotels. Cash-out max 65% CLTV.
DSCR for purchase and rate/term refinance
No personal DTI. The rent qualifies the loan. You still need 12 months of reserves.
This path is for investment property only.
Soft credit pull only. Checking your terms will not affect your credit score.
1-unit SFR, PUD, 2–4 unit, condo
Min 700
75%
up to $1.0M
70%
up to $1.5M
60%
up to $2.0M
55%
up to $2.5M
50%
up to $3.0M
1-unit SFR, PUD, 2–4 unit, condo
Min 680
75%
up to $1.0M
70%
up to $1.5M
60%
up to $2.0M
55%
up to $2.5M
1-unit SFR, PUD, 2–4 unit, condo
Min 660
65%
up to $1.5M
1-unit SFR, PUD, 2–4 unit, condo
Min No FICO
75%
up to $1.0M
70%
up to $1.5M
60%
up to $2.0M
55%
up to $2.5M
50%
up to $3.0M
SFR rural, PUD rural
Min 700
75%
up to $1.0M
70%
up to $1.5M
60%
up to $2.0M
55%
up to $2.5M
50%
up to $3.0M
SFR rural, PUD rural
Min 680
75%
up to $1.0M
70%
up to $1.5M
60%
up to $2.0M
55%
up to $2.5M
SFR rural, PUD rural
Min No FICO
75%
up to $1.0M
70%
up to $1.5M
60%
up to $2.0M
55%
up to $2.5M
50%
up to $3.0M
Condotel
Min 680 / No FICO
70%
up to $1.0M
DSCR cash-out refinance
Cash-out LTVs are tighter than purchase on every property type. If cash-out is the plan, size the deal on these limits, not the purchase grid.
Delayed financing is treated and priced as cash-out.
Soft credit pull only. Checking your terms will not affect your credit score.
1-unit SFR, PUD, 2–4 unit, condo
Min 680
70%
up to $1.0M
60%
up to $1.5M
50%
up to $2.0M
1-unit SFR, PUD, 2–4 unit, condo
Min 660
55%
up to $750K
1-unit SFR, PUD, 2–4 unit, condo
Min No FICO
70%
up to $1.0M
60%
up to $1.5M
50%
up to $2.0M
SFR rural, PUD rural
Min 680
70%
up to $1.0M
60%
up to $1.5M
50%
up to $2.0M
SFR rural, PUD rural
Min No FICO
70%
up to $1.0M
60%
up to $1.5M
50%
up to $2.0M
Condotel
Min 700
65%
up to $500K
Condotel
Min 680
60%
up to $500K
Condotel
Min No FICO
65%
up to $500K
Full documentation for purchase and rate/term refinance
Use this path when rent does not cover the payment, or when you are buying a one-unit second home.
Qualify with a licensed accountant letter covering the last two years plus year-to-date income. Maximum 43% DTI. U.S. tax returns are not required.
Asset utilization. 100% cash and money-market · 100% publicly traded securities · 80% retirement accounts · 3-month seasoning · U.S. or Canada accounts
Soft credit pull only. Checking your terms will not affect your credit score.
1-unit SFR, PUD, 2–4 unit, condo
Min 700
75%
up to $1.0M
70%
up to $1.5M
65%
up to $2.0M
60%
up to $2.5M
55%
up to $3.0M
1-unit SFR, PUD, 2–4 unit, condo
Min 680
75%
up to $1.0M
70%
up to $1.5M
65%
up to $2.0M
60%
up to $2.5M
1-unit SFR, PUD, 2–4 unit, condo
Min 660
65%
up to $1.5M
1-unit SFR, PUD, 2–4 unit, condo
Min No FICO
75%
up to $1.0M
70%
up to $1.5M
65%
up to $2.0M
60%
up to $2.5M
55%
up to $3.0M
SFR rural, PUD rural
Min 700
75%
up to $1.0M
70%
up to $1.5M
65%
up to $2.0M
60%
up to $2.5M
55%
up to $3.0M
SFR rural, PUD rural
Min 680
75%
up to $1.0M
70%
up to $1.5M
Only these two leverage points are published for this rural 680 row. We confirm any other leverage in writing before quoting it.
SFR rural, PUD rural
Min No FICO
75%
up to $1.0M
70%
up to $1.5M
65%
up to $2.0M
60%
up to $2.5M
55%
up to $3.0M
Condotel
Min 680 / No FICO
75%
up to $1.0M
Full Documentation Cash-Out Refinance
Second-home cash-out follows this path and is limited to one unit.
The published grids do not list separate second-home LTV tiers. We confirm leverage in writing before quoting. Do not assume the investment grid applies.
Soft credit pull only. Checking your terms will not affect your credit score.
1-unit SFR, PUD, 2–4 unit, condo
Min 680
70%
up to $1.0M
60%
up to $1.5M
55%
up to $2.0M
1-unit SFR, PUD, 2–4 unit, condo
Min 660
55%
up to $1.0M
1-unit SFR, PUD, 2–4 unit, condo
Min No FICO
70%
up to $1.0M
60%
up to $1.5M
55%
up to $2.0M
SFR rural, PUD rural
Min 680
70%
up to $1.0M
60%
up to $1.5M
55%
up to $2.0M
SFR rural, PUD rural
Min No FICO
70%
up to $1.0M
60%
up to $1.5M
55%
up to $2.0M
Condotel
Min 700
65%
up to $500K
Condotel
Min 680
60%
up to $500K
Condotel
Min No FICO
65%
up to $500K
Cash-out: how much can you take out?
Maximum LTV sets the loan size. A separate cap sets how much cash you can take out.
Cash-out is not available with non-occupying co-borrowers. Non-permanent residents need a minimum 700 FICO.
- No stated proceeds cap
- CLTV below 55% and minimum 680 FICO
- $1,000,000 maximum
- CLTV 55–65%; or CLTV above 65% with minimum 700 FICO; or CLTV at or below 55% with FICO under 680
- $500,000 maximum
- CLTV above 65% with FICO under 700
Visa, credit, and country can change your options
We look at visa status, credit, country of residence, and where funds sit, each on its own.
Green card holders and employment-based immigrant visas often price better outside this overlay. Tell us your status and we quote the right path.
Visa
B-1 · B-2 · F-1 · H-2 · H-3 · I · J-1 · J-2 · P-1 · P-2 · Visa Waiver Program with a valid ESTA. This is a non-immigrant program. A green card or employment-based immigrant visa often prices better on a conventional route. Tell us and we price that instead.Credit
Minimum 660 if you have a U.S. score, or no score at all. One bank reference letter. No U.S. tradeline history required. Mortgage history 0×30×12 and 0×90×24. Credit events need 48 months seasoning. Soft credit pull only — no hit to your score to get termsVenezuela
DSCR path only. Maximum 60% CLTV on purchase and rate/term, 55% CLTV on cash-out. 12 months reserves.Russia & Ukraine
Nationals are eligible. Income and assets originating from Russia or Ukraine are not. Funds and qualifying income must be sourced elsewhere.DSCR ownership
You must own your primary residence or have owned residential property in the past 36 months. A third-party residency letter is required. First-time homebuyers are not on the standard DSCR path.First-time buyers
Max loan $1,000,000, max 65% CLTV, minimum 680 FICO or No-FICO, DSCR above 1.00 (or max 43% DTI on Full Doc). Interest-only, mixed-use, and multifamily are not permitted.Gifts & 1031
Gift funds are permitted. On investment transactions you still contribute at least 10% of your own funds. 1031 exchanges are eligible. Assets sourced and seasoned 30 days, including overseas accounts.
Property, state, and loan structure
This section covers eligible property types and states, plus ARM caps, interest-only, prepay, and appraisal rules.
Confirm property and county eligibility in writing before you go under contract.
Eligible types
SFR, townhome, 2–4 unit, PUD, warrantable and non-warrantable condo (min DSCR 1.00), condotel at reduced leverage, rural SFR/PUD (max 75% CLTV, min 680 FICO), short-term rental max 70% CLTV (condotels excluded from STR treatment), leasehold.Not eligible
Mixed-use, 5+ unit multifamily, manufactured housing. A ground-floor retail bay under residential units is mixed-use and is out of this program.States
- AK
- AL
- AR
- AZ
- CA
- CO
- CT
- DC
- DE
- FL
- GA
- IA
- ID
- IL
- IN
- KS
- KY
- LA
- MA
- ME
- MI
- MN
- MO
- MS
- MT
- NC
- ND
- NE
- NH
- NJ
- NM
- NV
- NY
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- UT
- VA
- VT
- WA
- WI
- WV
- WY
- Pennsylvania: Philadelphia County is not eligible.
- Maryland is eligible with extra conditions, including exclusions for Baltimore County and Baltimore City. We confirm the county in writing before you commit.
ARMs
Index SOFR, margin 5.00%. 5/6 ARM caps 2 / 1 / 5. 7/6 ARM caps 5 / 1 / 5. The extra two years of fixed rate come with a sharper first adjustment.Interest-only
120 months IO, then 240 or 360 months amortizing. Qualified at the fully amortized payment. Minimum 680 FICO. Not available to first-time homebuyers. DSCR during IO uses ITIA, which can raise coverage. You build no equity for ten years.Prepay
Investment property only. Up to five years. Six months of interest on amounts repaid above 20% of original principal per year. Some states require a buydown or cap the term.Appraisal
Maximum age 120 days. Second appraisal required above $2,000,000.
Six answers are enough to quote you
You do not need a full document package to get a quote. We ask six questions first. Documents come after you decide to proceed.
For international borrowers, the usual delay is documenting overseas funds for the 30-day sourcing rule, not credit.
- Property address or market (state and county)
- Property type (SFR, condo, condotel, 2–4 unit, PUD, rural) and any attached commercial space
- Purpose: purchase, rate/term refinance, or cash-out (and the cash target)
- Purchase price or value, and intended down payment or loan amount
- Expected rent, and whether it is long-term or short-term
- Country of citizenship, visa type, and whether you have a U.S. credit score
Which Financing Path Fits Your Deal?
Two paths.
DSCR qualifies a U.S. investment property on rental income, buy or refinance. Full Documentation is for buying a qualifying one-unit second home on documented personal income. A U.S. credit score is not required on either path.
DSCR — Investment PropertyBuy or refinance a U.S. investment property
Buy, refinance, or take cash out based on the property's rental income, not your personal tax returns.
Best for: Rate/term · Cash-out · Rental properties
Full Doc — Second HomeBuy a U.S. Second Home
Buy a qualifying one-unit U.S. second home using documented personal income. Rental income is not required to qualify.
Best for: Vacation homes · One-unit second homes
ITIN & Foreign National Financing vs. a Typical U.S. Mortgage
A typical U.S. mortgage asks for a Social Security number, U.S. credit history, and domestic tax returns.
This program is for borrowers who may not have those credentials.
| Typical U.S. mortgage | CR Equity AI Foreign National | |
|---|---|---|
| Citizenship | Usually U.S. citizen or permanent resident | Non-immigrant visa or ESTA. ITIN welcome. |
| U.S. credit score | Required | Optional. No-FICO is a published tier. |
| Qualifies on | U.S. tax returns and DTI | Property DSCR, or foreign accountant letter (max 43% DTI) |
| Social Security number | Required | Not required. Passport and visa / ESTA. |
| Max purchase LTV | Often a decline, not a number | Up to 75% on 1–4 unit, PUD, and condo |
| Cash-out | Rarely offered without U.S. credit | Published grid, up to 70% on 1–4 unit and condo |
| To a written quote | After a full package | Same day to 24 hours from six scenario answers |
| Credit pull for terms | Hard pull is common | Soft pull if you have a U.S. score; none if you do not |
Built for borrowers U.S. credit engines decline
A typical U.S. mortgage asks for a Social, a domestic score, and U.S. tax returns.
This program asks whether the property supports the payment, or whether you can document the money.
01
The property can qualify you
On DSCR we divide gross rent by the proposed payment. Your tax return never enters the file.
02
Or your foreign income can
An accountant letter for two years plus year-to-date. Maximum 43% DTI. U.S. returns are not required.
03
No FICO is a real tier
Several No-FICO leverage bands match the 700-FICO rows. Missing U.S. credit is not a penalty box.
04
Published grids, not a phone screen
Purchase and cash-out LTV by property type and score are on this page. Soft pull to see where you sit.
Foreign National & ITIN terms, one page
Same overlay whether you qualify on DSCR or Full Documentation.
What changes is occupancy, leverage, and the document set. Soft pull to see your cell if you have a U.S. score.
- Loan amount
- $75,000 to $3,000,000
- Max purchase LTV
- 75%, set by property type, FICO or No-FICO path, and loan size
- Max cash-out LTV
- 70% on 1–4 unit and condo; condotel 65%
- Qualifying
- DSCR on investment property, or Full Documentation (max 43% DTI) including second homes
- U.S. credit
- 660 minimum if you have a score — or no score via the No-FICO path
- Reserves
- 12 months of the new payment, in addition to down payment and closing costs
- Terms
- 30-year fixed, 40-year fixed, 5/6 ARM, 7/6 ARM. Interest-only available (min 680 FICO, not first-time buyers)
- Vesting
- Individual name, or LLC / corporation (max four owners; every owner is a borrower and guarantor)
- Occupancy
- Investment, or second home (one unit, Full Documentation). Not a primary residence.
- Points and fees
- Capped at 7% of the loan amount, inclusive of lender fees. Rate is quoted in writing per scenario.
Who this program is for
Non-U.S. citizens and ITIN investors buying or refinancing U.S. residential investment property.
Second homes are Full Documentation only, one unit.
Eligible
A fit for this program
- Non-U.S. citizens on an eligible non-immigrant visa (B-1, B-2, F-1, H-2, H-3, I, J-1, J-2, P-1, P-2) or Visa Waiver / ESTA
- ITIN holders financing U.S. investment property or a second home
- Borrowers with no U.S. credit score (No-FICO path) or a U.S. score of 660+
- Investment 1–4 unit, PUD, condo, condotel, rural SFR/PUD, and short-term rentals within published caps
- Entity vesting (LLC/Corp, max four owners) or individual-name vesting on this program
- Gift funds (you still contribute at least 10% of your own money on investment purchases) and 1031 exchanges
Not eligible
Outside this program
- Primary residences
- Mixed-use property and 5+ unit multifamily
- Manufactured housing
- Philadelphia County, Pennsylvania; Baltimore City and Baltimore County, Maryland (other Maryland counties confirmed in writing)
- Income or assets originating from Russia or Ukraine (nationals may still qualify if funds are sourced elsewhere)
- First-time homebuyers on standard DSCR (a tighter first-time box exists: max $1M, 65% CLTV, DSCR above 1.00)
Green-card holders and employment-based immigrant visa holders often price better outside this program — tell us and we quote that route instead.
Soft credit pull to see terms if you have a U.S. score. A hard pull happens only if you accept terms and move to close.
Not sure which path fits?
Talk to a specialist. We will run both qualifying paths.What You Can Use This Loan For
Finance purchases, cash-out refinances, short-term rentals, condotels, and second homes, subject to the published eligibility and leverage guidelines.
Buy a U.S. rental without a U.S. score
Purchase a 1–4 unit or condo as an investment. DSCR on the rent, or Full Documentation if the rent does not cover the payment.
Cash-out on a property you already own
Pull capital at up to 70% LTV on 1–4 unit and condo. Proceeds caps apply by CLTV and FICO. Delayed financing is priced as cash-out.
Short-term rental or condotel
Airbnb/Vrbo-style operation is eligible at a maximum 70% CLTV. Condotels are eligible at reduced leverage; they are excluded from short-term rental treatment.
Second home, Full Documentation
One unit. Income-qualifying path. Second-home leverage is confirmed in writing before we quote — do not assume the investment grid applies.
ITIN investor with U.S. rentals
No Social Security number. If you have a U.S. score of 660+ you sit on the FICO rows. If you do not, you sit on the No-FICO rows.
Entity or your own name
Close in an LLC or corporation (every owner is a borrower and guarantor, max four) or take title in your individual name on this program.
ITIN and foreign national questions
Direct answers from the published overlay. This is not a rate quote. You get a written scenario after six questions.
Yes. This program is for ITIN holders, foreign nationals, and non-permanent residents buying or refinancing U.S. investment property, or a one-unit second home on Full Documentation.
Loans may close in a U.S. entity or in an individual name. This is not a consumer mortgage and not a primary-residence loan.
No Social Security number. You can qualify with no U.S. credit score on the No-FICO path. If you have a U.S. score, the minimum is 660.
If a U.S. score exists, we use a soft credit pull to show terms. A hard pull happens only if you accept terms and move to close.
Purchase and rate/term: up to 75% LTV on 1-4 unit, PUD, and condo. Leverage steps down as loan size rises: 75% to $1.0M, 70% to $1.5M, then 60/55/50% up to $3.0M on the top tiers.
Cash-out tops out at 70% on those property types. Condotels are lower. Sub-1.00 DSCR and first-time buyers sit on tighter caps. Final LTV is underwriting.
A DSCR loan is sized on the property's rent versus PITIA, not your tax return and not a W-2. Gross rent divided by the proposed payment. 1.00 means rent covers the payment.
Condos and condotels need 1.00 or higher. Below 1.00 is possible on other property types with tighter leverage. Investment occupancy only on this path.
Use Full Documentation. You need a licensed accountant letter covering two prior years plus year-to-date. Maximum 43% DTI. Rent is ignored on that path.
That is also the path for a second home. See Full Doc purchase.
Yes. Cash-out is available on both paths at lower leverage than purchase. A separate rule caps proceeds: no stated cap below 55% CLTV with 680 FICO; $1,000,000 or $500,000 in other bands.
Delayed financing is priced as cash-out. Non-occupying co-borrowers are not eligible on cash-out.
B-1, B-2, F-1, H-2, H-3, I, J-1, J-2, P-1, P-2, and Visa Waiver with a valid ESTA.
If you hold a green card or an employment-based immigrant visa, ask us to price conventional or Non-QM first. Those terms are usually better.
Yes. Condotels are eligible at reduced leverage (purchase 70% to $1.0M on DSCR; cash-out 65% to $500K at the top tier).
Short-term rentals (Airbnb/Vrbo-style) are eligible at a maximum 70% CLTV. Condotels are excluded from short-term rental treatment.
Twelve months of the proposed payment on every scenario, both paths, in addition to down payment and closing costs.
Assets must be sourced and seasoned 30 days, including overseas accounts.
A written scenario quote is typically same day to 24 hours from the six intake answers.
Closing is driven by international asset sourcing and appraisal turn times, including a second appraisal above $2,000,000. We give a realistic date at submission, not an optimistic one.
No. This page publishes eligibility and leverage. It does not state a rate, APR, payment, or point structure as an offered credit term.
You receive a written, scenario-specific quote. Total points and fees are capped at 7% of the loan amount.
Need a U.S. investment loan without a U.S. credit file?
Six answers for a written quote on both qualifying paths. Soft pull if you have a U.S. score. No score is a full path.
- 75%
- Max purchase LTV
- $3.0M
- Max loan
- No FICO
- U.S. credit not required