Foreign National DSCR Lender in Delaware
Total Quality Lending finances Foreign National investors across Delaware with DSCR loans that qualify on the property’s rental cash flow — not personal U.S. income or tax returns. Up to 75% LTV for purchase, eligible with 680+ credit or No Credit Score, and loan amounts from $150K to $1.5M.
A Foreign National DSCR loan lets non-U.S. citizens build a U.S. rental portfolio in Delaware without W-2s, U.S. tax returns, or a DTI calculation. Approval is based on whether the investment property pays for itself.
2–4 unit, Condominium, and Condo Hotel property types cap at 70% LTV on purchase and 65% on refinance. Rural properties are not eligible on this program; acreage is limited to 2 acres and must not meet the rural definition.
LTV caps depend on (a) the property’s Debt-Service Coverage Ratio (DSCR) and (b) the loan amount tier. Both 680+ FICO and No-Credit-Score borrowers receive the same LTV caps.
| Max loan | Purchase | R/T refi | Cash-out |
|---|---|---|---|
| $1M | 75% | 65% | 65% |
| $1.5M | 70% | 60% | 60% |
| Max loan | Purchase | R/T refi | Cash-out |
|---|---|---|---|
| $1M | 65% | 60% | 60% |
| $1.5M | 65% | — | — |
Refinances on the $1.5M tier are not available when DSCR < 1.00.
Running a short-term rental in Delaware? Foreign National DSCR financing works for Airbnb, VRBO, and FlipKey properties (condo-hotel projects excluded). Qualifying income is a 12-month rental average; gross rents are reduced by 20% to reflect extraordinary operating expenses, then divided by PITIA. LTV caps at 70% on purchase and 65% on refinance.
Gift funds are not allowed. Borrowers and Guarantors are screened against the U.S. Treasury OFAC sanctioned-countries list — citizens of OFAC-sanctioned countries are not eligible.
Yes. Total Quality Lending offers Foreign National DSCR loans throughout Delaware for investment properties. The borrower does not need to be a U.S. citizen or a lawful permanent resident — qualification is based on the property's rental cash flow, not personal U.S. income or tax returns. Owner-occupied and second-home occupancy are not eligible.
Foreign National DSCR loans in Delaware are available with a minimum 680 U.S. credit score, or with No Credit Score for borrowers without an established U.S. credit history. LTV caps are the same in either case.
In Delaware, the maximum LTV on a Foreign National DSCR loan is 75% for a purchase (DSCR ≥ 1.00, up to $1.0M loan size). The $1.5M tier caps at 70% purchase / 60% refinance, and DSCR < 1.00 transactions cap at 65% purchase / 60% refinance.
Loan amounts on the Foreign National DSCR program in Delaware range from $150K to $1.5M. The $1.5M tier carries lower max LTVs than the $1.0M tier.
Yes. Short-term rentals (Airbnb, VRBO, FlipKey) are eligible in Delaware on this program, capped at 70% LTV for purchase and 65% LTV for refinance (condo-hotel projects are excluded from STR pricing). DSCR is computed as gross rents × 0.80 / PITIA based on a 12-month rental average.
Each borrower must provide a valid, unexpired passport and either a valid U.S. visa, an I-797 with valid extension dates plus I-94, or — for borrowers from countries in the U.S. State Department's Visa Waiver Program — a current copy of the participating-countries list. Canadian citizens do not require a nonimmigrant visa. Asset documentation is at least 30 days; all documents (credit, assets, title) cannot exceed 120 days at the Note date.
Yes. Foreign National DSCR loans require 6 months of PITIA in reserves. Cash-out proceeds may be used to satisfy this requirement.
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