DSCR Loans for Canadian Investors
No US credit history? No W-2? No problem. DSCR loans let Canadian investors finance US rental properties based entirely on the property's income — no personal income verification, no US employment history, and no Social Security Number required. Close in your US LLC with 30-year fixed rates across all 50 states, with down payments starting at 25%. We handle the entire cross-border process including LLC formation, US bank account setup, and lender coordination so you can build your American portfolio from Canada.
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US Investment Property Financing Without US Income
Conventional US mortgages require US credit history, employment, and tax returns that Canadian investors don't have. DSCR loans bypass all of that — qualifying you on the property's rental income alone. It's how thousands of Canadians are building US portfolios.
No US Income Verification
No W-2s, no US tax returns, no employment verification. Your property's rental income is the only qualification factor — the lender calculates your DSCR ratio by dividing monthly rent by the total monthly mortgage payment (PITIA). This is why Canadians love DSCR loans: your Canadian job, business income, and personal finances stay completely out of the equation.
No US Credit Required
Foreign national programs don't require a US credit score or any US credit history at all. Some lenders accept Canadian credit reports from Equifax or TransUnion Canada, while others qualify purely on the property's cash flow and your down payment amount. A strong Canadian credit score above 680 can unlock better rates and lower down payment requirements.
Close in Your LLC
DSCR loans close directly in your US LLC, with the entity listed as the borrower on the mortgage. This provides liability protection, separates personal and investment assets, and simplifies multi-property management. Most Canadian investors form their LLC in the state where they are purchasing or in Wyoming for its strong asset protection laws and low annual fees.
30-Year Fixed Rates
Lock in a 30-year fixed rate with no balloon payments and no rate adjustments — ever. Your monthly payment stays the same for the life of the loan, providing predictable cash flow for decades. Current foreign national DSCR rates range from 7-9% depending on your down payment, DSCR ratio, and property type. Unlike Canadian mortgages that renew every 5 years, your rate is locked for 30.
Unlimited Properties
No cap on the number of DSCR loans you can have. Scale your US portfolio as fast as you can find profitable deals — each property qualifies independently on its own rental income. Many Canadian investors start with one property and scale to 10 or more within a few years. There are no portfolio concentration limits or aggregate debt caps to worry about.
Full Cross-Border Support
We handle the entire cross-border process from Canada — LLC formation, US bank account setup, lender matching, international wire coordination, and closing logistics. Our team has helped hundreds of Canadian investors navigate the US mortgage process so you don't have to figure it out alone.
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DSCR Loan Requirements for Canadian Investors
DSCR loans have straightforward requirements focused on the property's income rather than your personal financial situation. Here is what Canadian investors need to qualify.
Requirements
- Valid Canadian passport (current and not expired) for identity verification and foreign national classification.
- Minimum 25-30% down payment in USD, wired from your Canadian bank account through a compliant international transfer.
- Property must achieve a DSCR ratio of 1.0 or higher, meaning monthly rent covers the full mortgage payment including taxes and insurance.
- US bank account opened in your name or your LLC's name for mortgage payments, rent collection, and property expense management.
- US LLC formation recommended for liability protection — our legal partners handle formation, EIN, registered agent, and operating agreements.
- Property appraisal and rent schedule confirming market rental rates support the required DSCR ratio for your loan program.
- Proof of funds showing sufficient reserves (typically 6-12 months of mortgage payments) held in your Canadian or US bank account.
How We Help
- Our cross-border legal partners form your US LLC, obtain your EIN, and set up a registered agent — all handled remotely from Canada.
- We provide referrals to US banks experienced with foreign-owned entities so your bank account is open before closing day.
- Our team analyzes the property's rental income and DSCR ratio before you submit an offer, so you know it qualifies in advance.
- We structure your loan across 25,000+ lenders to find the best rate, lowest down payment, and most favorable terms for your situation.
- We guide you through the international wire transfer process, coordinating with your Canadian bank to ensure funds arrive on time for closing.
- Our process includes a full pre-qualification review so there are no surprises during underwriting or at the closing table.
- Post-closing, we remain available to help with refinancing, portfolio expansion, and connecting you with property management referrals.
Questions About DSCR Loans for Canadians
Everything Canadian investors need to know about US DSCR loans. Can't find your answer? Book a call with our team.
Qualification for Canadians
Yes. DSCR loans are available to Canadian investors as foreign nationals. You don't need US credit history, a Social Security Number, US employment, or US tax returns. The loan qualifies entirely on the property's rental income (DSCR ratio).
Canadian investors need: a valid passport, 25-30% down payment (wired from Canada), a US bank account (we guide you through setup), and a property with a DSCR of 1.0 or higher. No US credit score required. Some programs accept Canadian credit reports.
We connect you with cross-border legal specialists who set up a US LLC (typically in the state where you're buying or in Wyoming/Delaware for flexibility). The LLC holds the property for liability protection. DSCR loans can close directly in the LLC's name. Setup typically takes 1-2 weeks and costs $500-1,500.
Process & Rates
Most lenders require a minimum DSCR of 1.0 for foreign national borrowers, meaning the property's monthly rent must at least cover the monthly mortgage payment (principal, interest, taxes, insurance). Higher DSCR ratios (1.25+) unlock better rates and lower down payments. Some programs accept ratios as low as 0.75 for strong borrowers.
Foreign national DSCR rates are typically 0.5-1.5% higher than domestic US investor rates, currently ranging from 7-9% depending on credit profile, down payment, DSCR ratio, and property type. Rates are for 30-year fixed terms — meaning your payment never changes. No balloon payments, no rate adjustments.
No. DSCR loans qualify exclusively on the US property's rental income, not income from Canadian properties or any other source. The lender evaluates the specific property you are purchasing or refinancing by comparing its projected monthly rent to the monthly mortgage payment. This is actually an advantage for Canadians because your existing Canadian debts, properties, and income are irrelevant to the qualification process.
Eligibility & Property Types
DSCR loans are available for most residential investment property types including single-family homes, condos (warrantable and non-warrantable), townhomes, duplexes, triplexes, fourplexes, and some condo-hotels. Short-term rental properties such as Airbnb and VRBO listings also qualify using projected or actual platform income. Properties must be non-owner-occupied investment properties — DSCR loans cannot be used for primary residences or second homes.
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