South African Investor Secures a DSCR Loan in Ohio to Purchase Rental Property
See how Sarah secured a rental property in Ohio with just a $914 monthly mortgage. She now earns $2,656 in rent each month. Follow along to discover how we helped her secure this highly cash-flow-positive investment!
Unlike high-cost coastal markets, this Ohio rental offered a strong relationship between purchase price and achievable rent. The financing challenge was not scale, but structure.
HomeAbroad addressed this by structuring a DSCR loan that relied on rental income rather than personal income or US credit history for a South African investor.
Investment Highlights
Loan Details
Amount: $105,000 Down payment: $35,000 Interest Rate: 7.25% Term: 30 Years Monthly Mortgage: $914
Our client, Sarah, wanted to acquire a rental property in Ohio that could deliver immediate cash flow while using financing based on the property’s rental income rather than personal earnings earned outside the US.
As a South African national, the investor did not have a US credit history or US tax returns. The objective was to secure long-term financing that allowed the rental income itself to support the loan while maintaining predictable monthly returns.
After multiple rejections from other lenders, she found HomeAbroad. Sarah wasn’t initially aware of the full range of services we offer, from tailored global investor mortgage solutions and expert real estate agents to LLC setup, US bank account opening, and property management, all under one roof.
Source: MLS Now, MLS#: 5057087
How Did HomeAbroad Address The Investor’s Challenges
This case involved several challenges specific to a foreign national rental purchase:
No US credit history
No US-based income or tax returns
The need for immediate, reliable cash flow
Loan qualification that was dependent on the property’s rental income
HomeAbroad addressed these challenges by underwriting the purchase as a DSCR loan, evaluating the property based on rental income rather than the investor’s personal financial profile.
How HomeAbroad Structured The Loan
At HomeAbroad, we structured this purchase using a foreign national DSCR loan designed for international investors acquiring US rental property.
Instead of qualifying the investor based on income earned abroad, we evaluated the relationship between monthly rent of the property and the proposed mortgage payment. The rental income comfortably exceeded the housing expense, allowing the loan to be approved with a 30-year fixed structure that supported long-term stability.
This approach allowed the investor to move forward without creating US income records or relying on a domestic credit score.
Loan Process Timeline
Stage
Date
Details
Registration
September 25, 2025
Borrower submitted documents and began qualification review
Loan Program Selection
Late September 2025
HomeAbroad matched the borrower with the LFC Non QM Full Doc program
Underwriting Review
Early October 2025
Verification of UK income and financial records
Final Approval
Mid October 2025
Loan cleared after full document review
Closing
October 29, 2025
Borrower completed the purchase of the Edgewater second home
No US credit history 
DSCR loans allow foreign nationals to qualify based on rental income 
