Real reviews from international investors who closed with HomeAbroad
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Minnesota, the Land of 10,000 Lakes, is home to major employers like Target, 3M, and General Mills, along with world-class healthcare and education hubs. The state’s economy stays strong year-round, supported by a mix of corporate growth and a skilled workforce.
That economic stability translates into consistent rental demand across cities such as Minneapolis, Saint Paul, and Rochester, where housing is driven largely by long-term employment and institutional presence. For international real estate investors, this creates a rental environment centered on consistency and income durability.
With HomeAbroad’s DSCR loan, foreign nationals can finance Minnesota rental properties based on the property’s rental income rather than personal income, tax returns, or US credit history. This approach allows international investors to invest in Minnesota’s stable rental markets without reshaping their financial profile to fit traditional US lending standards.
DSCR Loan Minnesota 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
DSCR Loan Minnesota 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 Minnesota
Looking to invest in Minnesota? HomeAbroad offers DSCR loan solutions across major cities such as Minneapolis, Duluth, St. Cloud, and more.
Here are a few cities where we lend DSCR Loans in Minnesota:
Saint Paul
Minneapolis
Rochester
Duluth
Bloomington
Plymouth
Eden Prairie
Woodbury
Brooklyn Park
Maple Grove
Eagan
Edina
Minnetonka
Blaine
Coon Rapids
Minnesota Investment Properties On Sale
Build wealth with HomeAbroad DSCR loans across Minnesota’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 HomeAbroad DSCR loan (Debt-Service Coverage Ratio loan) is a tailored foreign national mortgage designed for international real estate investors that qualifies you based on the property’s rental income, not your personal income or Debt-to-Income (DTI) ratio.
For foreign nationals investing in Minnesota, this approach aligns well, as you can qualify for a HomeAbroad’s DSCR loan without a US credit score, green card, or visa, making it a practical option for buying investment properties from Minneapolis condos to vacation cabins in the north.
How DSCR is Calculated?
The Debt-Service Coverage Ratio (DSCR) measures whether a property’s rental income can cover its mortgage obligations. It’s a key metric we use to assess loan eligibility from an investment perspective.
Here is the DSCR formula:
Example:
Calculating the DSCR Ratio for Minnesota Property:
Avg. Rental Income in Minnesota: $1,599
Loan Term: 30 Years
Interest Rate: 6.9%
Monthly Mortgage Payment(PITIA): $1,320
DSCR = $1,599 ÷ $1,320
DSCR = 1.21
Monthly Positive Cash Flow: $279
A DSCR of 1.21 indicates that the property generates 21% more income than the mortgage payment, signaling a substantial cash flow investment. If you do not want to do the math, you can use HomeAbroad’s DSCR ratio calculator.
Our DSCR loans are designed to qualify you based on a property’s income potential. A standard DSCR loan works by ensuring the monthly gross rent is equal to or greater than the mortgage payment (PITIA), which means your DSCR is 1.0 or higher. This is the ideal scenario that qualifies you for the best terms.
However, we understand that not every property's rental income will meet this threshold, which is why we also offer our No-Ratio DSCR Program, for properties with DSCR between 0 - 1. With the No-Ratio program, you can still secure financing, though it will require a slightly larger down payment (a 5% hit to LTV) and a higher interest rate. This option is perfect for investors with a strong long-term strategy who want to acquire properties that may not immediately cash-flow at a 1.0 ratio.
Benefits of DSCR Loans in Minnesota
DSCR loans offer several advantages for foreign nationals investing in Minnesota:
1) Qualify based on rental income, not personal income
DSCR underwriting centers the deal on the property’s cash flow potential, which can be significantly more workable for international investors than traditional income-based approval.
2) No US credit history
Foreign nationals do not need US credit score to qualify for HomeAbroad’s DSCR Loan.
3) Portfolio scaling is easier
Because DSCR approval is tied primarily to the property’s economics, it is often more repeatable across multiple acquisitions than personal-income underwriting.
4) Works with investor ownership structures
If your operating plan involves LLC ownership, property management workflows, and clean portfolio accounting, DSCR tends to align naturally with that strategy.
5) Clear underwriting inputs, fewer surprises
DSCR keeps the underwriting conversation anchored to rent support and monthly carry costs. The reason this matters is that investors avoid “paper approvals” that only work until insurance, taxes, or HOA dues are finalized.
“In Minnesota DSCR loans, the outcome is driven almost entirely by how accurately rent and fixed costs are modeled. When property taxes, insurance, and association dues are validated upfront, the DSCR tends to remain stable through appraisal and final underwriting rather than compressing late in the process.”
Case Study: UK Investor Expanding into Minnesota with HomeAbroad’s DSCR Loan
Sophie, a London-based investor, wanted to diversify her portfolio by adding a high-demand rental property in Minneapolis. With the help of HomeAbroad’s expert loan officers, she secured a DSCR loan tailored to her needs without the usual hurdles of US credit checks or income verification.
Loan Amount: $212,000
Purpose: Purchase of an investment property
Loan Type: 30-year fixed-rate
Interest Rate: 7.4%
Monthly Rent: $2,255
Time to Close: 30 days
With a DSCR of 1.26, Sophie’s investment generated a steady monthly cash flow of $475 after covering all debt obligations. The quick process allowed her to close before peak rental season, locking in premium tenant rates.
Why This Worked for Sophie
No US Credit or Income Proof Needed: The loan was approved purely on the rental income potential of the Minneapolis property, eliminating the need for US credit history or traditional income documentation.
Efficient, Remote-Friendly Process: HomeAbroad handled the entire transaction digitally, enabling Sophie to invest from the UK without travel.
Strong Returns in a Growing Market: With a DSCR of 1.26 and fixed loan terms, Sophie secured predictable payments, consistent cash flow, and a foothold in a city with rising rental demand.
“I’ve helped many foreign nationals secure US rental properties, and Sophie’s Minneapolis deal was no different. By focusing on the property’s income instead of traditional credit requirements, we closed quickly. This set her up for strong, predictable returns in a competitive market.”
Minnesota Rental Market Overview
Minnesota’s rental market is driven by employment stability and long-term tenancy. In cities like Minneapolis, Saint Paul, and Rochester, renters are closely tied to healthcare systems, universities, corporate offices, and manufacturing employers.
As per our data, the key market statistics for 2025 are:
Median gross rent in Minnesota: approximately $1,580 per month
Median value of owner-occupied housing units: around $335,820 statewide
Median selected monthly owner costs with a mortgage: $1,890
Owner-occupied housing unit rate: 71.6%
Top Places to Invest in Minnesota with a DSCR Loan
Minnesota presents a solid investment opportunity, with diverse markets offering both strong short-term rental returns and steady long-term income potential. Based on recent rental market data, the state averages rental yields of approximately 5.6%, making it attractive for investors focused on income-backed returns.
Here are some of the top-performing cities in Minnesota to consider for your next DSCR loan investment:
City
Rental Type
Rental Yield
Duluth
Short-Term
18.6%
Minneapolis
Short-Term
12.2%
Rochester
Long-Term
6%
Saint Paul
Long-Term
6.3%
Bloomington
Long-Term
5.5%
Duluth: Tourism-Fueled Rental Potential
With its stunning Lake Superior views and year-round tourism, Duluth thrives on short-term rental demand from vacationers, event visitors, and outdoor enthusiasts. The city offers a unique niche in Minnesota’s rental market.
Median Home Price: $279,279
Average Rent: $1,901/month
What this means for investors: High tourism demand and seasonal appeal make Duluth ideal for short-term rental strategies with DSCR loans.
Investment Properties Listed Today on Sale in Duluth
As Minnesota’s largest city, Minneapolis boasts a strong economy, cultural attractions, and a growing population. The city’s diverse housing demand and high occupancy rates create excellent opportunities for consistent rental income.
Median Home Price: $315,907
Average Rent: $1,693/month
What this means for investors: Minneapolis offers a reliable rental market with strong income potential, making it a solid choice for DSCR loan-backed investments.
Investment Properties Listed Today on Sale in Minneapolis
Home to the Mayo Clinic and a growing tech sector, Rochester attracts medical professionals, researchers, and corporate tenants. The city’s rental market benefits from high-quality job opportunities and steady population growth.
Median Home Price: $328,754
Average Rent: $1,657/month
What this means for investors: The medical hub status ensures consistent occupancy, making Rochester an attractive choice for DSCR loan financing.
Investment Properties Listed Today on Sale in Rochester
Minnesota’s capital city is anchored by government offices, hospitals, and universities, which ensure a steady stream of tenants. St. Paul’s historic charm and strong community appeal attract long-term renters seeking stability.
Median Home Price: $283,508
Average Rent: $1,504/month
What this means for investors: The combination of stable employment sectors and consistent rental demand makes St. Paul well-suited for dependable DSCR loan returns.
Investment Properties Listed Today on Sale in Saint Paul
Bloomington: Shopping, Corporate, and Leisure Appeal
Home to the Mall of America, Bloomington draws millions of visitors annually, as well as corporate travelers and long-term residents working in the area. Its location near the Twin Cities and the airport boosts rental appeal.
Median Home Price: $349,278
Average Rent: $1,623/month
What this means for investors: A mix of tourism and corporate housing demand provides flexibility, making Bloomington a versatile market for DSCR loan-backed investments.
Investment Properties Listed Today on Sale in Bloomington
Minnesota Specific DSCR Underwriting Factors that Investors Overlook
Minnesota combines strong rental demand in growing metro areas with seasonal tourism markets that attract short-term tenants year-round. However, investing here successfully requires an understanding of the state’s unique climate, economic drivers, and local regulations.
Property Taxes and County-Level Differences
While Minnesota’s property tax rates are moderate compared to the national average, they vary by county and school district. Hennepin and Ramsey Counties, home to Minneapolis and St. Paul, tend to have higher rates, which can affect ROI for high-value properties.
Diverse Market Types
Urban hubs like Minneapolis and Rochester offer year-round rental stability driven by healthcare, education, and corporate employers. In contrast, areas like Brainerd Lakes or Duluth see strong seasonal demand but require careful cash flow planning between peak and off-peak months.
Harsh Winters and Heating Costs
Harsh winters introduce higher insurance considerations and ongoing maintenance needs, including heating systems, snow removal, and freeze protection. What we see often is investors underestimating these recurring costs, which then tightens DSCR once the full PITIA picture is finalized.
Short-Term Rental Regulations
Several cities and counties in Minnesota, including Minneapolis, have implemented permits, inspection requirements, and limits for short-term rentals. Compliance is essential to avoid penalties and maintain occupancy rates.
Strategic & Future Considerations for Foreign Nationals Investing in Minnesota
Minnesota appeals to international real estate investors who prioritize stability, income durability, and long-term planning over short-term cycles. Looking ahead, several state-specific factors are likely to shape how foreign nationals position DSCR-backed investments.
1. Employment Anchors That Support Long-Term Tenancy
Minnesota’s economy is anchored by healthcare systems, higher education, manufacturing, and Fortune 500 employers. Markets such as Minneapolis, Saint Paul, and Rochester benefit from renter demand tied to long-term employment rather than seasonal or speculative drivers, which supports more predictable cash flow.
2. Climate and Capital Planning
Cold-weather exposure increases the importance of reserves, maintenance planning, and insurance coverage. Investors who budget conservatively for operating costs tend to see more stable DSCR performance over time, particularly during winter-heavy years.
3. Infrastructure Investments and Transit Expansion
Projects like the Southwest Light Rail Transit expansion and highway improvements in the Twin Cities will improve connectivity, potentially boosting property values in previously overlooked neighborhoods.
Minnesota DSCR Loan FAQs
Can foreign nationals apply for DSCR loans in the state of Minnesota?
Foreign nationals can apply for DSCR loans through HomeAbroad without needing a US credit score, making it a flexible financing option for international real estate investors.
Is cash-out refinancing available for DSCR loans in Minnesota?
How long does it take to get a DSCR loan in Minnesota?
At HomeAbroad, we streamline the application process to ensure a smooth experience from loan application to closing. We guarantee that the closing will happen within 30 days.
Can I buy through an LLC?
Yes, You can buy Minnesota Property using LLC. HomeAbroad assists investors in structuring purchases that align with LLC ownership and portfolio accounting needs
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 Minnesota real estate.
🤖
AI–Powered Property Search
Our investment property search platform helps you discover high-yield rentals across Minnesota 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 Minnesota.
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.
