Breathtaking canyons, more than 300 days of sunshine each year, and some of the fastest-growing cities in the country give Arizona a rare mix of lifestyle appeal and real estate momentum. From major metros to expanding suburban markets, the state continues to draw renters, residents, and long-term investors.
In fact, according to data from the National Association of Realtors, 5% of all foreign property purchases in the US occur in Arizona, ranking Arizona 5th among top destinations for international buyers.
For foreign nationals looking to invest without relying on US income, tax returns, or credit history, HomeAbroad’s DSCR loans offer a practical way to participate in Arizona’s rental market by qualifying the property on its rental income rather than the investor’s personal profile.
DSCR Loan Arizona 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 Arizona 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
Table of Contents
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 (Arizona property taxes and applicable assessments)
Insurance (including wildfire-related costs where relevant)
Association dues (HOA), if applicable)
Example
Calculating the DSCR Ratio for a Arizona Property:
Director of Mortgage Sales, HomeAbroad | NMLS# 1231769
“A DSCR above 1.2 in Arizona usually signals a healthy deal. It means the property isn’t just qualifying today, it has room to absorb normal changes in expenses after closing.”
Our DSCR loans look at the property’s ability to generate income rather than your personal finances. In a typical DSCR loan, the goal is for the property’s monthly gross rent to at least match, and preferably exceed, the total mortgage payment.
If you hate doing the math, you can check our DSCR Ratio Calculator. Just enter your financial details, and you are good to go!
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 Arizona
DSCR loans offer several advantages for foreign nationals investing in Arizona:
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 Arizona 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 an Canadian Investor Get a DSCR Loan in Arizona
Aiden McAllister, a small business owner from Vancouver, wanted a vacation home in Scottsdale, Arizona, that he could rent out during the peak tourist season. Aiden used a HomeAbroad DSCR loan to purchase a vacation home rental in Scottsdale, AZ, and qualified based on rental income rather than a US credit history.
Director of Mortgage Sales, HomeAbroad | NMLS# 1231769
“When working with foreign investors like Aiden, our priority is to look at the property’s performance rather than get stuck on the paperwork hurdles that traditional lenders impose. Arizona’s rental market is strong, and by structuring the deal around its projected income, we helped him secure competitive financing without a US credit history.”
By evaluating projected rent, full ownership costs, and seasonal demand upfront, the loan was structured for durability rather than minimum qualification, allowing the investment to perform beyond initial approval and positioning Aiden to scale confidently in the US vacation-rental market.
Arizona Rental Market Overview
Arizona’s rental market is shaped by sustained in-migration, employment growth across multiple sectors, and housing affordability pressures in fast-growing metros. Cities like Phoenix, Scottsdale, and Tucson continue to attract renters relocating from higher-cost states, supporting demand across both long-term and seasonal rental segment
As per our data, the key market statistics for 2025 are:
Median gross rent in Arizona: $1,961/month
Median value of housing units: around $427,167
Median selected monthly owner costs with a mortgage: $1,739
Owner-occupied housing unit rate: 67.8% (implying a meaningful renter share across the state)
In Arizona, DSCR outcomes are often driven by how well rent supports payments after factoring in insurance, taxes, and HOA dues, especially in HOA-heavy markets like Scottsdale and newer planned communities. What we see often is that deals remain stable when investors validate those cost inputs early, rather than relying on rent growth alone to carry the numbers.
Where We Lend DSCR Loans in Arizona
HomeAbroad provides DSCR loans statewide in Arizona, helping international real estate investors tap into major hubs like Phoenix, Tucson, Scottsdale, and beyond
Here are a few cities in Arizona where we offer DSCR Loans.
Phoenix
Scottsdale
Tucson
Mesa
Tempe
Chandler
Gilbert
Peoria
Buckeye
Flagstaff
Surprise
Avondale
Goodyear
Sedona
Yuma
Top Places to Invest in Arizona with a DSCR Loan
Arizona offers a dynamic real estate market with rental demand supported by population growth, tourism, and a broad employment base. Based on our data, average rental yields in Arizona are around 5.6%, reinforcing its appeal for foreign investors seeking income-backed returns alongside favorable landlord laws.
Here are some of the top-performing cities in Arizona to consider for your DSCR loan investment:
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
Tempe
Short-Term
8.6%
Flagstaff
Short-Term
8%
Tucson
Long-Term
5.2%
Phoenix
Long-Term
4.6%
Mesa
Long-Term
4.3%
Tempe: University Energy and Year-Round Demand
With Arizona State University and a lively downtown, Tempe draws a constant flow of visitors, from students’ families to sports fans and business travelers. This steady demand makes it one of the most reliable markets in the state for high-performing investment properties.
Median Home Price: $459,437
Average Rent: $1,590
What this means for investors: Consistent occupancy and strong nightly rates make Tempe ideal for DSCR-financed properties targeting frequent turnover and strong cash flow.
Investment Properties Listed Today on Sale in Tempe
Flagstaff blends mountain-town charm with easy access to Arizona’s biggest attractions, including the Grand Canyon and Route 66. Seasonal tourism and outdoor recreation keep demand strong year-round.
Median Home Price: $646,275
Average Rent: $2,095
What this means for investors: The tourism-driven market supports premium pricing, creating excellent income potential for DSCR-financed properties.
Investment Properties Listed Today on Sale in Flagstaff
Known for its desert scenery, growing tech sector, and University of Arizona, Tucson has a dependable tenant base that keeps occupancy high.
Median Home Price: $318,643
Average Rent: $1,401
What this means for investors: Lower entry costs paired with stable demand make Tucson a smart pick for building a diversified Arizona real estate portfolio.
Investment Properties Listed Today on Sale in Tucson
As Arizona’s capital and largest city, Phoenix benefits from rapid population growth, job creation, and a diverse economy. It’s a hub for both residential and commercial activity.
Median Home Price: $402,796
Average Rent: $1,561
What this means for investors: A balanced market offering both solid income potential and appreciation, making it well-suited for DSCR loan strategies.
Investment Properties Listed Today on Sale in Phoenix
Mesa combines suburban comfort with close access to Phoenix’s job market, attracting families and long-term renters alike.
Median Home Price: $427,831
Average Rent: $1,558
What this means for investors: Predictable demand and a growing population create a stable environment for investment properties financed through DSCR loans.
Investment Properties Listed Today on Sale in Mesa
Arizona Specific DSCR Underwriting Factors that Investors Overlook
HOA dues in planned communities
Arizona has a high concentration of master-planned communities, especially in markets like Scottsdale, Phoenix, and surrounding suburbs. One thing that surprises investors is how much HOA dues can impact DSCR, since these fees are fully included in PITIA and can materially reduce cash-flow coverage if not modeled upfront.
Property Taxes and Insurance
Arizona’s property tax rates are lower than the national average, which benefits long-term returns. Insurance premiums can vary widely based on wildfire risk zones and proximity to flood-prone areas. What we see often is investors underestimating insurance premiums, especially for newer or higher-value homes, which can shift DSCR more than expected.
Director of Mortgage Sales, HomeAbroad | NMLS# 1231769
“Arizona’s lower property taxes help on the DSCR side, but insurance can quickly offset that advantage. When investors account for real insurance costs upfront, the deal tends to hold together cleanly after closing.”
Water Availability and Restrictions
Water rights and use regulations are becoming increasingly crucial in Arizona amid ongoing drought concerns. Some municipalities have restrictions on new water hookups or higher water rates in certain areas. Investors should investigate local water policies before committing to a purchase, especially for developments in rural or fast-growing suburbs.
Strategic & Future Considerations for Foreign Nationals Investing in Arizona
Arizona continues to attract international real estate investors because it combines long-term population growth with relative regulatory clarity. Looking ahead, several state-specific dynamics are likely to shape how foreign nationals should think about positioning DSCR-backed investments.
1. Population Growth in Key Cities
Phoenix, Mesa, and Tucson continue to attract new residents from high-cost states like California and Washington. This influx supports both long-term rental demand and property value appreciation, making these cities safe bets for buy-and-hold strategies
2. Infrastructure and Development Projects
Significant investments in transportation, education, and healthcare facilities are expanding job opportunities and attracting new residents. Areas near upcoming light rail expansions or large employer campuses can see faster appreciation over time.
3. Tourism Remains a Driver, with Regulatory Awareness
Tourism continues to support short-term rental activity in parts of Arizona, especially in lifestyle and vacation-oriented markets. At the same time, local oversight is increasing. Investors relying on STR income should factor in licensing, registration, and city-level compliance as part of long-term planning rather than assuming rules will remain static.
Arizona DSCR Loan FAQs
Can foreign nationals get a DSCR loan in Arizona?
Yes, foreign nationals can apply for DSCR loans in Arizona through HomeAbroad, eliminating the need for a US credit score, making it a flexible financing option for global investors.
What are the DSCR loan interest rates in Arizona
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.
How long does it take to get a DSCR loan in Arizona?
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.
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.
Arizona Investment Properties On Sale
Build wealth with HomeAbroad DSCR loans across Arizona’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 Arizona real estate.
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AI–Powered Property Search
Our investment property search platform helps you discover high-yield rentals across Arizona 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 Arizona.
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.
