Welcome to Washington, the Evergreen State, where a booming tech industry, thriving ports, and stunning natural scenery create one of the most dynamic economies in the US.
It’s not just residents enjoying the benefits; global real estate investors are turning to Washington for its high rental demand, strong job growth, and impressive long-term appreciation potential.
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)
“DSCR underwriting is a simple question with serious real-world impact: does the rental income support the full monthly payment. When the rent story is durable and the expenses are scoped correctly, DSCR becomes one of the cleanest ways for foreign nationals to finance US rentals.”
Calculating the DSCR Ratio for a Washington Property:
Average Home Value: $3,50,000
Down Payment: 20%
Loan Term: 30 Years
Monthly Mortgage Payment(PITIA): $2,450
Monthly Rent: $1,880
DSCR: $2,900 ÷ $2,450
DSCR = 1.18
Monthly Positive Cash flow: $450
A DSCR of 1.18 indicates that the property generates 18% more income than the mortgage payment, signaling strong cash flow. If you do not want to do the math, you can use HomeAbroad’s DSCR ratio calculator.
HomeAbroad’s DSCR loans qualify you based on a property’s rental income relative to mortgage payments. A standard DSCR loan requires the monthly gross rent to be equal to or greater than the mortgage payment (PITIA), which means a DSCR of 1.0 or higher is the ideal scenario for securing the best loan terms.
However, not all properties will meet this threshold, so we also offer our No-Ratio DSCR Program for properties with a DSCR between 0 and 1. This option allows investors to still qualify for financing, but it comes with a slightly larger down payment (a 5% hit to LTV) and higher interest rates. This program focuses less on rental income and more on other factors, giving investors with strong long-term plans the opportunity to secure financing.
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Valid Passport
Current passport from your home country
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Proof of Funds
Bank statements showing down payment + 6 months reserves
Benefits of DSCR Loans in Washington
DSCR loans offer several advantages for foreign nationals investing in Washington:
1) Qualify without US income documentation
Traditional lenders often force foreign nationals into documentation requirements that do not match how international income is earned or verified.
With DSCR, we underwrite the asset and the income, not your US tax return history.
2) Invest through an LLC when it fits your plan
Many global investors use LLC ownership for asset management and long-term scaling. DSCR loans support entity ownership when structured correctly.
3) Faster execution in competitive Washington markets
Washington deals move quickly in high-demand submarkets. A DSCR loan that is underwritten around property cash flow can simplify the approval path and reduce friction.
4) Portfolio-friendly underwriting logic
The distinction here is simple: DSCR is not asking “Can you personally afford this mortgage?” It is asking “Does this rental asset afford itself?”
That shift matters for scaling.
Case Study: Meet James Carter, an Investor from the UK
James Carter, a seasoned property investor from London, wanted to purchase a multi-family building in Seattle, Washington. Without a US credit history or verifiable local income, he encountered immediate roadblocks with traditional lenders, who required extensive personal financial documentation. After multiple rejections, he turned to HomeAbroad’s DSCR loan program.
The Solution: HomeAbroad Loans’ DSCR Loan
By evaluating the property’s projected rental income instead of James’s personal financials, HomeAbroad was able to approve financing for a well-located building in one of Seattle’s fastest-growing neighborhoods. This approach allowed James to secure a competitive loan and bypass the restrictive requirements of conventional lenders.
HomeAbroad’s mortgage officer successfully worked to reduce the DSCR interest rate to 7.5%, which improved the property’s Debt Service Coverage Ratio (DSCR) and enabled Sam to qualify for a $520,000 loan. This tailored approach ensured the property’s income could cover its debt payments, making the loan feasible.
Loan Amount: $520,000
Purpose: Purchase of an investment property
Loan Type: 30-year fixed-rate
Interest Rate: 7.5%
Time to Close: 29 days
Why This Worked for James:
No US Credit History Required: Approval was based solely on the property’s income potential, eliminating the need for a domestic credit report.
Flexible Underwriting: James avoided providing personal tax returns and employment history, which traditional banks would typically require.
Strategic Portfolio Growth: The DSCR loan enabled him to acquire a property in a high-demand market with excellent appreciation prospects.
“James’s main challenge was meeting the strict documentation requirements of traditional lenders. By focusing on the property’s rental performance, we streamlined the process and made it achievable. Washington’s strong tenant demand and long-term value growth made this an ideal investment.”
James’s success underscores how DSCR loans open doors for international real estate investors, allowing them to secure profitable properties in competitive markets while keeping a strong cash flow.
Washington Rental Market Overview
Washington’s rental market performs well for DSCR investing because ownership costs remain structurally high in many metros, which keeps long-term renter demand deep.
As per our data, the key market statistics for 2025 are:
Median gross rent: ~$1,682/month
Median value of housing units: around $502,200
Median monthly owner costs with a mortgage: ~$2,358
Owner-occupied housing rate: ~63.9%
Where We Lend DSCR Loans in Washington
HomeAbroad offers DSCR loans across Washington, providing tailored support for investors in top-performing cities, including Spokane, Tacoma, Vancouver, and more. Here are a few cities where we lend DSCR Loans in Washington.
Seattle
Spokane
Tacoma
Vancouver
Bellingham
Everett
Olympia
Bellevue
Kent
Renton
Redmond
Kirkland
Federal Way
Lynnwood
Yakima
Kennewick
Richland
Pasco
Pullman
Walla Walla
Top Places to Invest in Washington with a DSCR Loan
Washington offers a unique mix of economic strength, natural beauty, and diverse rental markets, from the tech-driven growth of Seattle to the expanding opportunities in Spokane and Tacoma. The state’s strong job market, steady population growth, and limited housing supply contribute to consistent rental demand and long-term appreciation potential.
For international real estate investors, Washington’s real estate market pairs well with DSCR loans, which focus on the property’s income potential rather than the borrower’s personal financial history. This enables tapping into competitive, high-demand markets without the barriers of traditional lending requirements.
Here are some of the top-performing cities in Washington to consider for your next DSCR loan investment:
City
Rental Type
Rental Yield
Seattle
Short-Term
6%
Spokane
Short-Term
8.7%
Vancouver
Long-Term
5%
Yakima
Long-Term
5.12%
Pullman
Long-Term
4%
Seattle: Premier Short-Term Rental Market Driven by Tech and Tourism
Seattle’s thriving tech industry, bustling tourism, and frequent conventions sustain a robust short-term rental market. High-demand neighborhoods such as Capitol Hill and Ballard deliver strong occupancy and premium nightly rates year-round. The market offers a healthy 6% rental yield, reflecting strong cash flow despite higher property prices.
Median Home Price: $886,833
Average Rent: $2,178/month
What this means for investors: Seattle’s STR market commands top-dollar rents, offsetting higher acquisition costs. Investors with DSCR financing can capitalize on a consistent influx of visitors and premium pricing to maximize cash flow, especially in downtown and key tourist areas.
Investment Properties Listed Today on Sale in Seattle
Spokane is gaining traction as a short-term rental destination due to its vibrant arts scene, outdoor recreation, and growing business travel. Lower home prices relative to Seattle offer attractive entry points for STR investors. Spokane delivers an impressive 8.7% rental yield, highlighting strong cash-on-cash returns.
Median Home Price: $385,250
Average Rent: $1,513/month
What this means for investors: Spokane’s affordability, combined with steady visitor demand, creates a promising STR play with solid cash-on-cash returns, target neighborhoods close to downtown and Riverfront Park to optimize occupancy and revenue.
Investment Properties Listed Today on Sale in Spokane
Vancouver: Stable Long-Term Rentals with Metro Proximity
Just across the river from Portland, Vancouver offers a strong long-term rental market fueled by commuters and families seeking affordability with urban access. Steady employment and community growth underpin rental demand. The market offers a reliable 4.9% rental yield, providing steady income with low vacancy rates.
Median Home Price: $504,000
Average Rent: $2,060/month
What this means for investors: Vancouver’s balanced appreciation and rental income profile support low vacancy and reliable cash flow. Investors benefit from long-term stability and strong DSCR qualification, especially in family-friendly neighborhoods.
Investment Properties Listed Today on Sale in Vancouver
Yakima’s agricultural economy and expanding healthcare sector drive consistent demand from tenants. The market offers some of the best rent-to-price ratios in Washington, making it an attractive option for investors seeking steady cash flow. With a 5.12% rental yield, Yakima stands out as a high-yield, affordable rental market.
Median Sold Price: $363,333
Average Rent: $1,550/month
What this means for investors: Yakima is ideal for investors seeking high-yield, low-competition LTR opportunities. Its affordability and tenant stability help meet DSCR criteria while delivering consistent monthly returns.
Investment Properties Listed Today on Sale in Yakima
Pullman’s rental demand centers on Washington State University students, faculty, and staff. The market features consistent occupancy and predictable rental income driven by university-related housing needs. Pullman’s rental yield sits at 4%, reflecting stable but moderate income potential.
Median Home Price: $445,650
Average Rent: $1,400/month
What this means for investors: Pullman offers dependable cash flow with reduced vacancy risk, making it an excellent choice for DSCR-backed buy-and-hold strategies. Proximity to campus is key to maximizing tenant quality and occupancy rates.
Investment Properties Listed Today on Sale in Pullman
Washington Specific DSCR Underwriting Factors that Investors Overlook
Washington’s real estate market combines strong economic fundamentals with diverse property investment opportunities – from luxury urban condos in Seattle to high-demand rental homes in Spokane and Bellingham. For foreign national investors, the state’s stability, employment growth, and global appeal make it a sought-after destination. Still, navigating its unique rules and market dynamics is key to long-term success.
Here are the most critical factors to keep in mind:
No Statewide Restrictions on Foreign Ownership
Washington does not impose ownership limitations based on citizenship or residency, allowing foreign nationals to buy residential, commercial, or multi-family properties freely. However, like all US states, transactions must comply with federal laws such as FIRPTA for tax withholding on property sales by foreign owners.
Property Tax and Housing Affordability Pressure
Washington has relatively higher property taxes compared to many Midwestern states, and the recent housing supply shortage has driven up median prices, especially in King County. Investors should factor in long-term affordability trends and potential property tax adjustments.
Landlord-Tenant Regulations
Washington is more tenant-friendly than states like Indiana or Texas. Landlords must provide more extended notice periods for rent increases and follow detailed procedures for evictions. Rent control is not statewide, but cities like Seattle have implemented stricter rental rules and protections for tenants.
Strong Demand from Tech and Trade Sectors
Seattle’s economy benefits from tech giants like Amazon and Microsoft, as well as the state’s major ports, driving trade with Asia. This creates steady demand for rental housing in job-growth regions such as Bellevue, Redmond, and Tacoma.
Strategic & Future Considerations for Foreign Nationals Investing in Washington
Global tech influence, international trade connections, and strong lifestyle appeal shape Washington’s property market. For foreign national investors, these factors create a foundation for both steady cash flow and long-term capital growth. Looking ahead, several trends will influence where the best opportunities lie.
Here are some future considerations that international real estate investors need to pay heed to:
1. Tech-Driven Rental Hotspots
Cities like Redmond, Bellevue, and Kirkland continue to see strong rental demand from high-income tech employees, many of whom are international professionals on temporary visas. This creates stable occupancy and premium rent potential for well-located condos and single-family homes. As hybrid work becomes the norm, properties with home-office potential in these areas will command even greater appeal.
2. Port and Logistics Expansion
Washington’s ports in Seattle, Tacoma, and Everett are gateways for Pacific trade, particularly with Asia. Expansion projects and rising import and export volumes are creating a need for workforce housing in surrounding areas. Investors targeting mid-tier rental properties in these markets can benefit from consistent tenant demand tied to trade and manufacturing jobs.
3. Migration from High-Cost States
While Washington is not a low-cost state, it continues to attract residents from foreign nationals due to no state income tax and relatively lower housing prices in secondary markets like Spokane, Vancouver, and Bellingham. This trend supports growing rental demand outside the Seattle metro, offering opportunities in more affordable, higher-yield locations.
4. Urban Redevelopment & Transit Projects
Infrastructure investments like Sound Transit’s Link Light Rail expansion are transforming commuting patterns and boosting property values along new transit corridors. Savvy real estate investors can capture appreciation by purchasing rental units in areas slated for future stations before values peak.
Washington DSCR Loan FAQs
Can foreign nationals apply for DSCR loans in Washington?
Yes, foreign nationals can apply for DSCR loans through HomeAbroad Loans without needing a US credit score, making it a flexible financing option for international real estate investors.
What are the interest rates for DSCR loans in Washington?
DSCR loan interest rates vary based on market conditions, borrower profiles, and property type, but are typically higher than conventional loan rates. However, HomeAbroad offers competitive rates that enable investors to leverage property cash flow to achieve better returns.
Can self-employed borrowers apply for a DSCR loan in Washington?
Yes, DSCR loans are ideal for self-employed borrowers who may not have consistent personal income or tax returns. The loan qualification is based on the property’s income rather than the borrower’s personal financial history.
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.
Washington Investment Properties On Sale
Build wealth with HomeAbroad DSCR loans across Washington’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.
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.
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Foreign National Mortgage Experts
No US credit history, income, or residency required. We've helped thousands of international real estate investors finance Washington real estate.
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AI–Powered Property Search
Our investment property search platform helps you discover high-yield rentals across Washington using smart algorithms.
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Fast Digital Process
Close in as fast as 27 days with our streamlined application, remote notarization [remote closing], and digital document signing.
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500+ Expert Agents
Work with our network of experienced real estate agents who specialize in investment properties across Washington.
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
What Foreign Investors Say About Us
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.
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.
