Home Purchase Highlights
| Property Details | Loan Details | |
|---|---|---|
| Purchase Price: $420,000 | Program: DSCR Loan Refinance | |
| Location: Laurel, Mississippi | Loan Amount: $263,000 | |
| Property Use: Investment property | Down Payment: – (Refinance) | |
| Property Type: SFR (Single-family residence) | Interest Rate: 6.625% |
This case focused on refinancing an existing investment property in a way that preserved long-term stability while aligning the loan structure with the asset’s income profile.
HomeAbroad structured a DSCR refinance for a Canadian investor by underwriting the property itself rather than relying on personal income, US tax returns, or a domestic credit profile.
Investment Properties on Sale in Laurel Today
The Investor’s Objective
The investor owned a single-family rental property in Mississippi and wanted to refinance the asset using a structure that aligned with its income-generating nature.
As a Canadian national, the borrower did not have US credit history or US income documentation to support a traditional refinance. The objective was to secure long-term, fixed-rate financing based on the property’s performance rather than personal financial credentials.
The Challenges the Investor Faced and How HomeAbroad Addressed Them
This case involved several considerations common to foreign national DSCR refinances:
-
No US credit history - No US tax returns or employment income
- Refinance qualification dependent on property income
- Need for a stable, long-term loan structure
HomeAbroad addressed these factors by underwriting the refinance under a DSCR framework, focusing on the property’s income profile instead of applying US-centric borrower qualification requirements.
How HomeAbroad Structured the DSCR Refinance
At HomeAbroad, we structured this refinance using a foreign national DSCR loan designed for foreign investors holding US rental property.
Rather than evaluating the borrower’s personal income, we focused on the relationship between the property’s income and the proposed mortgage obligation. The loan was approved with a 30-year fixed term at a 6.625 percent interest rate, providing long-term predictability and stability.
This structure allowed the investor to refinance the property without creating US income records or establishing a domestic credit profile.
Timeline From Application to Closing
- Loan registration: Property and borrower details submitted to HomeAbroad
- Underwriting review: DSCR structure and refinance terms evaluated
- Approval: Loan approved under foreign national DSCR guidelines
- Closing: Completed between December 3 and December 29, 2025
The refinance moved forward efficiently because the structure and expectations were aligned from the outset.
Why This Deal Worked
Several factors contributed to the smooth execution of this refinance:
-
The loan was structured around property income rather than borrower income - The refinance used a DSCR framework suited for foreign nationals
- A fixed-rate term supported long-term planning
- Documentation expectations were clear from the beginning
- HomeAbroad underwrote the case with a focus on predictability and structure
What Other Investors Can Learn From This Case
- DSCR loans can be used effectively for refinancing rental properties
- Foreign nationals do not need US credit history to refinance under DSCR
- Fixed-rate DSCR refinances support long-term investment stability
- Property income can drive refinance qualification
Final Takeaway
This case shows how DSCR refinancing can help foreign investors restructure US rental property financing without relying on personal income or US credit history. By focusing on the asset and structuring the loan for long-term stability, HomeAbroad helped a Canadian investor refinance a Mississippi rental with clarity and confidence.
FAQs
Can foreign nationals refinance US rental property using a DSCR loan?
Yes. At HomeAbroad, DSCR loans are available for foreign nationals refinancing US investment properties based on property income.
Is US credit history required for a DSCR refinance?
No. DSCR refinances are underwritten using property income rather than US credit history.
Are DSCR loans available with fixed interest rates?
Yes. DSCR loans can be structured with long-term fixed-rate terms, including 30-year fixed options.
