Real reviews from international investors who closed with HomeAbroad
★★★★★
“Quick response, reliable & trustworthy. HomeAbroad helped me find the perfect agent & purchase my investment property in Katy, TX. Would definitely recommend!”
RM
Rashmi Mayekar
Non-US Resident Investor • Property
★★★★★
“HomeAbroad was a game-changer! They helped me get mortgage financing and find an agent who understood my needs. I couldn’t be happier with their assistance.”
SP
Steve Papadakis
Newcomer on H1-B Visa
★★★★★
“Awesome experience in working with them. Very patient in understanding my needs as an investor and helped me with the correct loan product for me. I will recommend them and use them again.”
JB
John Bolla
Investor from New York, NY
★★★★★
“Jonet from HomeAbroad answered all my questions regarding specifics for work visa holders to purchase our first investment property in Tampa. Was patient and kind and also connect me with a real estate agent.”
Ok
Okissa
Purchased Investment Property in Tampa.
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Valid Passport
Current passport from your home country
💰
Proof of Funds
Bank statements showing down payment + 6 months reserves
Did you know New York is home to more millionaires than any other city in the world? It’s, therefore, no surprise that the Empire State is a magnet for real estate investment, primarily when you can finance property here without jumping through the usual income-verification hoops.
How?
A DSCR loan is what makes those markets financeable for foreign nationals without turning your personal income, US tax returns, or US credit history into the deciding factor. At HomeAbroad, we originate DSCR loans for foreign nationals by underwriting the property’s rental income against the full housing payment, so the deal can stand on its own.
If you are buying a Manhattan condo, a long-term rental in Buffalo, or a portfolio-friendly duplex near a university corridor, the same rule applies: the property’s rent needs to support the carry cost.
New York DSCR Loan Snapshot
No US Credit History
US Income and Credit History Not Required
Minimum Down Payment
25%
Maximum Loan Amount
$10M
Fast Track Closing
27 Days
New York DSCR Loan Program Terms
Feature
HomeAbroad DSCR Loan
DSCR Ratio
Best terms typically apply at DSCR ≥ 1.0. If DSCR is below 1.0, the loan may still be eligible with a higher down payment. Our No-Ratio DSCR option (DSCR 0 to 1) can support foreign national investors buying properties with clear income upside, even when the property’s rent does not fully cover the monthly payment.
US Credit Score
Not required for foreign nationals
Loan Amount
$100K – $10M
Down Payment
25%
LTV
Up to 75% (Purchase) Up to 75% (Rate and Term Refi) Up to 70% (Cash-Out Refi)
Cash Reserves
6 months
Where We Lend DSCR Loans in New York
HomeAbroad offers DSCR loans across New York, with tailored support for global investors in high-potential markets like New York City, Buffalo, Rochester, and beyond. Here are a few key cities where we provide DSCR loans for international real estate investors:
New York City
Buffalo
Rochester
Albany
Yonkers
Syracuse
New Rochelle
Schenectady
Binghamton
Mount Vernon
Ithaca
Poughkeepsie
New York Investment Properties On Sale
Build wealth with HomeAbroad DSCR loans across New York’s top markets.
Our streamlined digital process gets you from application to funding faster than traditional lenders.
1
Get Pre-Qualified
Submit a quick online application. No credit pull required for initial quote.
⏱ 5 minutes
2
Submit Documents
Upload property details, lease agreements, and basic ID verification.
⏱ Same day
3
Property Appraisal
We order an appraisal and a rent schedule to confirm DSCR qualification.
⏱ 5–7 days
4
Close & Fund
Sign closing documents and receive your funds. Remote closing available.
⏱ 27 days total
Why Investors Choose HomeAbroad
DSCR Loan Experts
We focus on DSCR investor loans. Expect clear cash flow math, rent documentation, and underwriting that reflects how rental properties are evaluated.
Foreign National Mortgage Experts
No US credit? No problem. At HomeAbroad, our expert loan officers can still qualify you for a DSCR loan. We do not rely on US income or tax returns to underwrite your loan.
AI-Powered Property Search Platform
Our investment property search helps you shortlist rentals that fit DSCR qualification. Screen for rent strength, yield, and investor criteria before you write the offer.
End-to-End Support
We keep the process moving, from LLC formation to bank accounts, insurance to property management. Everything is handled by us so you can focus on growing your portfolio.
A DSCR (Debt Service Coverage Ratio) loan is an investment mortgage option tailored for international real estate investors, allowing them to qualify based on the property’s rental income instead of personal income. Unlike traditional loans that rely heavily on your personal income, HomeAbroad DSCR loans focus solely on the property’s ability to generate rental income.
New York is a meaningful market in that context. As per our reports, New York accounted for 7% of foreign investor purchases, placing it among the top destination states.
This matters for foreign nationals because New York deals often involve at least one of the following:
Income that does not map cleanly to US documentation standards
Borrowers who do not have a US credit score
Ownership structures using an LLC for asset management and tax planning
Remote closings where you do not want in-person banking friction
How DSCR is Calculated?
DSCR underwriting starts with a simple formula:
What counts as “Gross Rental Income” for DSCR Underwriting
Market rent supported by the appraisal rent schedule (commonly used for 1 to 4-unit rentals)
Executed lease rent, when acceptable to the lender and consistent with market support
What is included in PITIA
Principal
Interest
Taxes (California property taxes and applicable assessments)
Insurance (including wildfire-related costs where relevant)
Association dues (HOA), if applicable)
That matters for foreign nationals because New York transactions often come with at least one underwriting friction point:
Income that does not map cleanly to US documentation standards
Borrowers who do not have a US credit score
Ownership structures using an LLC for asset management and tax planning
Remote closings where you want to avoid in-person banking friction
Example:
Calculating the DSCR ratio for a Buffalo, NY investment property:
Avg. Home Price in Buffalo, NY: $224,133
Down Payment: 20%
Loan Term: 30 Years
Interest Rate: 7.2%
Monthly Mortgage Payment (PITIA): $1,899
Avg Short-term Rental in Buffalo: $2,637
DSCR: $2,637 ÷ $1,899
DSCR: 1.38
Monthly Cash Flow: $738
A DSCR of 1.38 indicates that the property generates more income than is needed to cover its debt obligations, ensuring a positive cash flow.
At HomeAbroad, we typically require a DSCR of 1.0 or higher to qualify, meaning the property’s rental income should be sufficient to cover mortgage payments.
But what if your DSCR is below 1? I recently worked with an investor from Canada who found a promising rental property but got rejected by other lenders because his DSCR was only 0.89, slightly below the standard requirement. Instead of missing out on a great investment, I helped him secure financing through our No-Ratio DSCR loan, which allows qualification with a DSCR between 0 - 1.
Although this option requires a slightly larger down payment (a 5% hit to LTV) and carries higher interest rates, it offers valuable flexibility for investors with strong long-term plans.
Whether you’re scaling your portfolio or acquiring your first rental property, HomeAbroad offers tailored financing solutions to help you succeed even in cases where rental income is slightly lower than the mortgage payments.
Benefits of New York DSCR Loans
DSCR loans offer several advantages for foreign nationals investing in New York:
Qualification Based on Rental Income, Not Personal Income Documentation
At HomeAbroad, we do not rely on US W2s, US paystubs, or US tax returns to qualify a foreign national DSCR loan. We qualify you primarily on the property’s rental income profile and the strength of your overall file.
Faster Closing Times
DSCR loans can move quickly when the property, rent support, and documentation are straightforward. Appraisal and rent schedule timing still matters, especially in competitive New York markets. At HomeAbroad, we can close your deal in as less as 27 days.
Scale Your Portfolio Faster
International real estate investors like DSCR lending because it creates a repeatable qualification approach across multiple properties. When you understand how rent, PITIA, and reserves will be evaluated, it becomes easier to screen deals before you write offers.
Foreign National Friendly
DSCR loan is one of the best mortgage options for foreign nationals, who often face friction with conventional underwriting. DSCR lending is commonly used to reduce that friction because the property performance drives the qualification logic.
How HomeAbroad Helped a Brazilian Investor Scale His Real Estate Portfolio in New York with a DSCR Loan
Rafael Costa, a real estate investor based in São Paulo, Brazil, wanted to diversify his portfolio by investing in stable, cash-flowing US properties. He identified upstate New York as a promising market, but without a US visa, credit history, or income, traditional lenders wouldn’t even consider his application.
“New York deals can look strong on rent, but the underwriting lives in the details. We underwrite to the payment you will actually carry, including taxes, insurance, and association costs, so DSCR reflects the real hold, not a spreadsheet fantasy”
Property Details:
Location: Buffalo, NY Property Value: $335,893 Monthly Rental Income: $2,600
Loan Details:
Loan Amount: $251,920 Down Payment: 25% ($83,980) Interest Rate: 7.2% Loan Term: 30 years Monthly Mortgage (PITIA): $2,368.54
Thanks to HomeAbroad’s tailored DSCR loan program, Rafael successfully financed a multi-family rental in Buffalo. He took his first step into the US real estate market without ever needing to set foot in the country.
New York Rental Market Overview
New York’s rental demand is structurally supported by the size of the renter base and the affordability gap between renting and owning in many parts of the state.
Based on our review of primary public datasets, the key New York market statistics to reference for 2025 underwriting context are:
Median gross rent in New York: approximately $1,576 per month
Median value of owner-occupied housing units: around $403,000 statewide
Median selected monthly owner costs with a mortgage: $2,501
Owner-occupied housing unit rate: 54.3%
The reason this matters is underwriting. When ownership costs are structurally high, DSCR outcomes become more sensitive to rate, insurance, taxes, and association dues, which is exactly where many New York deals tighten.
Top Places to Invest in New York with a DSCR Loan
New York is not a single rental market. Upstate markets often support DSCR more naturally due to purchase-price-to-rent math, while NYC is more of a cash-flow plus long-term wealth preservation play.
New York investing typically breaks into two DSCR realities:
NYC and downstate: strong demand, but DSCR is often compressed by building fees and taxes
Upstate markets: more DSCR-friendly rent-to-price math for long-term rentals
The investment properties shown below are pulled from the HomeAbroad property-search platform and can change daily. Review each listing’s rent assumptions, cash flow, and DSCR inputs before you underwrite an offer.
City
Rental Type
Rental Yield
Buffalo
Long-Term
7.79%
Rochester
Long-Term
10.34%
Albany
Long-Term
6.34%
Syracuse
Long-Term
9.57%
New York City
Long-Term
2.84%
Buffalo: Yield-forward DSCR math
Median home value: $152,300
Median gross rent: $989
What this means for investors: Buffalo often gives you more DSCR room because rent-to-price ratios are structurally stronger than downstate markets.
Investment Properties Listed Today on Sale in Buffalo
New York Specific DSCR Underwriting Factors that Investors Overlook
1) Rent stabilization and rent regulation status
If a unit is rent-stabilized, your rent-growth and leasing flexibility can be structurally different than a market-rate unit. This can change both underwriting comfort and your long-term business plan.
2) Co-op and condo rental rules
In many New York buildings, the right to rent is not automatic. Co-ops in particular can have board approval requirements and sublet limitations. Underwrite the building rules before you underwrite the rent.
3) NYC short-term rental restrictions
NYC’s Short-Term Rental Registration Law (Local Law 18) requires registration and prohibits booking platforms from processing transactions for unregistered short-term rentals. Enforcement began after September 5, 2023.
Strategic & Future Considerations for Foreign Nationals Investing in New York
New York continues to attract global capital. For example, New York City ranked #1 globally for resident millionaires in the World’s Wealthiest Cities Report 2025. But DSCR performance is driven less by the headline and more by the margin in your monthly carry.
“If your DSCR is tight on day one, you want margin for taxes, insurance, and association costs. We prefer files where the cash flow survives real-world costs, not just the first estimate.”
1) Entity setup and banking should match the operating plan
Many foreign national investors use an LLC structure for operations, liability management, and portfolio scaling. In New York, entity setup has two practical considerations investors often underestimate:
New York LLC formation has a publication requirement in most cases, and missing the filing timeline can suspend the LLC’s authority to do business.
If you are using an entity formed outside New York (a “foreign LLC” in New York terminology), you may need to apply for authority to do business in New York, and you will typically need proof that the entity is in good standing in its home jurisdiction.
The reason this matters is execution. Entity paperwork and banking need to be aligned before underwriting and closing, not addressed after the contract is signed.2) Plan your exit and withholding rules in advance (do not wait until sale).
2) Plan your exit and withholding rules in advance (do not wait until sale)
Foreign owners selling US real property can trigger FIRPTA withholding at the federal level. Separately, New York has nonresident estimated tax procedures tied to the conveyance process. For many nonresident sellers, New York requires an estimated tax filing at the time the deed is recorded, and cooperatives have their own specific filing pathway.
The reason this matters is simple: it affects net proceeds timing, closing documentation, and what gets signed at the table. When this is planned early, the closing is cleaner.
3) Be aware of evolving scrutiny for specific land categories and sensitive locations
New York generally permits noncitizens to acquire, hold, and transfer real property. However, foreign nationals should treat certain categories as enhanced due diligence items:
Agricultural land: foreign interests can trigger federal reporting requirements (this is a disclosure and compliance issue, even when ownership is otherwise permitted).
Properties near sensitive sites: certain real estate transactions involving foreign persons can fall under federal national-security review frameworks.
If an investor’s strategy includes rural land, large parcels, or assets near sensitive facilities, treat this as a legal diligence item early, not a post-offer detail.
New York DSCR Loan FAQs
Can foreign nationals apply for DSCR loans in the state of New York?
Yes, foreign nationals can apply for DSCR loans in New York with HomeAbroad. Qualification is primarily driven by the property’s rental income and the full monthly housing payment, rather than personal income documents.
Do I need a US credit score to qualify?
No, at HomeAbroad, we underwrite your New York DSCR loan based on the property’s rental income, not US credit history or US income.
Can I use a DSCR loan to buy through an LLC in New York?
Yes, many foreign national investors prefer LLC ownership for operations and liability planning. Whether you should use an LLC depends on your tax and legal strategy, and your file structure. It is best to align this early, before underwriting is finalized.
About the author:
Steven Glick is the Director of Mortgage Sales at HomeAbroad and has over a decade of experience in the mortgage industry. As a licensed mortgage originator (NMLS# 1231769), Steven brings deep expertise in loan processing, sales operations, and non-traditional mortgages.
* Scenario-based rate shown for illustrative purposes. Reflects current pricing available to qualified borrowers with strong credit, low loan-to-value, qualifying DSCR, and selected loan terms. Actual rates vary by borrower, property, and market conditions. Not a commitment to lend. Foreign national DSCR pricing may differ from U.S. borrower programs.
Why Choose Us
Built for Foreign Real Estate Investors
HomeAbroad is a one-stop shop for global investors, from finding properties to securing financing, setting up your LLC, opening a US bank account, and managing your portfolio.
🌍
Foreign National Mortgage Experts
No US credit history, income, or residency required. We've helped thousands of international real estate investors finance New York real estate.
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AI–Powered Property Search
Our investment property search platform helps you discover high-yield rentals across New York using smart algorithms.
⌚
Fast Digital Process
Close in as fast as 27 days with our streamlined application, remote notarization [remote closing], and digital document signing.
🤝
500+ Expert Agents
Work with our network of experienced real estate agents who specialize in investment properties across New York.
Ready to Get Started?
Get your personalized rate quote in minutes. No credit pull, no obligation.
48
States We Lend In
27 Days
Average Close Time
500+
Partner Real Estate Agents
4.9 Star
Customer Rating
Pre-qualify for a DSCR Loan as an international investor
No U.S. credit history. No personal income verification. Qualify based on property’s rental income.
