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.
US residents comparing 1–4 unit DSCR rates belong on DSCR Authority rates. Canadians buying US rentals stay on this page.
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What is a DSCR loan
US 1–4 unit rental DSCR: qualification, reserves, and when it beats a full-doc loan.
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DSCR loan calculator
Model in-place and stabilized DSCR before you submit a US rental file.
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5+ unit commercial financing
Once the asset is five units or more, commercial underwriting applies — not residential DSCR.
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.
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.
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.
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.
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.
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.
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.
DSCR vs Traditional US Mortgages for Canadians
Compare key features to choose the right financing strategy for your investment goals
| Feature | DSCR Loans | Conventional Loans | Winner |
|---|---|---|---|
| Qualification Focus | Property cash flow (DSCR ratio) | Borrower income & credit | DSCR |
| Minimum Credit Score | 620-660 (varies by lender) | 620-640 required | Conventional |
| Down Payment Required | 20-30% typically | 15-25% for investment | Conventional |
| Debt-to-Income Limits | Not typically considered | 43-45% maximum DTI | DSCR |
| Rental Income Calculation | 100% of market rent | 75% of gross rent | DSCR |
| Foreign National Friendly | Yes, income-focused | Limited options | DSCR |
| Interest Rates | 5-7% (higher risk) | 6-8% (standard rates) | Conventional |
| Closing Timeline | 30-45 days | 45-60 days | DSCR |
| Property Types | 1-4 units, some commercial | 1-4 units only | DSCR |
| Reserve Requirements | 6-12 months PITI | 2-6 months PITI | Conventional |
Key Insight
DSCR loans excel for portfolio scaling, while conventional loans offer better rates for qualified borrowers.
Best Choice Scenario
Choose DSCR if: You have multiple properties, strong rental income, or are a foreign national. Choose conventional if: You have excellent credit, stable income, and want the lowest rates.
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 for identity verification and foreign national classification.
- Minimum 25-30% down payment in USD, wired from your Canadian bank account.
- Property must achieve a DSCR ratio of 1.0 or higher.
- US bank account opened in your name or your LLC's name.
- US LLC formation recommended for liability protection.
- Property appraisal and rent schedule confirming market rental rates.
- Proof of funds showing sufficient reserves (typically 6-12 months).
How We Help
- Our legal partners form your US LLC, obtain your EIN, and set up a registered agent remotely.
- We provide referrals to US banks experienced with foreign-owned entities.
- Our team analyzes the property's rental income and DSCR ratio before you submit an offer.
- We structure your loan across 25,000+ lenders to find the best rate and terms.
- We guide you through the international wire transfer process with your Canadian bank.
- Our process includes a full pre-qualification review so there are no surprises.
- Post-closing, we remain available to help with refinancing and portfolio expansion.
Questions About DSCR Loans for Canadians
Everything Canadian investors need to know about US DSCR loans.
Process & Rates
Qualification for Canadians
Eligibility & Property Types
Qualification for Canadians (Continued)
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