Welcome to Indiana – the Hoosier State, where small-town charm meets a growing economy, manufacturing thrives, and the cost of living stays refreshingly low.
It’s not just locals enjoying the benefits; international real estate investors are increasingly drawn to Indiana for its affordable property prices, consistent rental demand, and landlord-friendly regulations.
From renovated duplexes in Indianapolis to student rentals near Purdue and Notre Dame, Indiana offers stable cash flow and long-term growth, especially for foreign national investors looking to grow their rental portfolios, taking advantage of HomeAbroad DSCR loans to bypass traditional income verification and US credit requirements.
Does the property’s rent reasonably cover the monthly housing payment (PITIA)?
At HomeAbroad, we originate DSCR loans for foreign nationals investing in Indiana and underwrite them with an investor-first lens, including realistic rent support, property tax carry costs, and insurance and HOA line items that can tighten DSCR more than most buyers expect.
DSCR Loan Indiana 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 Indiana 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 to Calculate DSCR Loan?
You can calculate DSCR using this simple formula –
Example:
Calculating the DSCR Ratio for Indiana Property:
Avg. Rental Income in Indiana: $1,750
Loan Term: 30 Years
Interest Rate: 6.8%
Monthly Mortgage Payment(PITIA): $1,280
DSCR = $1,750 ÷ $1,280
DSCR = 1.37
Monthly Positive Cash Flow: $470
A DSCR of 1.37 indicates that the property generates 37% 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 in relation to its mortgage payments. 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 Indiana
DSCR loans offer several advantages for foreign nationals investing in Indiana:
Qualify without US income documentation
If you earn abroad, have complex business income, or prefer not to document personal income in a US format, DSCR focuses the approval on rent coverage and reserves.
No US credit history required for many foreign national files
Many foreign nationals do not have a US credit score. DSCR programs can be structured around alternate credit and compensating factors depending on the scenario.
Faster path to closing for remote investors
A clean DSCR file is typically more operationally efficient because the documentation set is centered on the property, the entity structure (if used), and liquidity.
Built for LLC ownership structures
If your operating plan includes liability management and portfolio accounting through an LLC, DSCR is commonly aligned with that approach.
“Indiana is often where DSCR feels most ‘mathematical’ in a good way. When the rent-to-price ratio is healthy, you can qualify with fewer moving parts, but only if the file reflects real taxes, real insurance, and realistic rent support, not optimism.”
Indiana Rental Market Overview
Indiana’s rental story is driven by a simple equation: ownership costs can stay structurally higher than rent in many submarkets, especially when rates and insurance move up.
As per our data, the key market statistics for 2025 are:
Median gross rent: $1,020 per month
Median value of owner-occupied housing units: $201,600
Median selected monthly owner costs with a mortgage: $1,355
Owner-occupied housing unit rate: 70.4%
When ownership costs and rent sit close together, DSCR outcomes become highly sensitive to:
the interest rate and loan term,
property taxes and insurance,
HOA dues on condos and some townhomes,
and whether the appraiser’s market rent support is conservative.
Where We Lend DSCR Loans in Indiana
HomeAbroad offers DSCR loans across Indiana, providing tailored support for global investors in top-performing markets, including Indianapolis, Fort Wayne, Muncie, South Bend, and more.
Here are a few cities where we lend DSCR Loans in Indiana:
Indianapolis
Fort Wayne
South Bend
Evansville
Bloomington
Lafayette
Muncie
Gary
Mishawaka
Anderson
Kokomo
Elkhart
Terre Haute
Fishers
Carmel
Westfield
Columbus
Noblesville
New Albany
Top Places to Invest in Indiana with a DSCR Loan
Indiana is quietly becoming a powerhouse for real estate investment, offering a blend of affordability, strong rental yields, and a stable economy. With a cost of living well below the national average and a growing job market, the state attracts both tenants and investors alike. Cities like Indianapolis and Fort Wayne are experiencing steady demand from families, students, and professionals, making them reliable markets for long-term rentals.
For foreign nationals, Indiana offers an excellent opportunity to leverage DSCR loans, which are approved based on the property’s rental income rather than personal income or US credit history. This opens the door for international real estate investors to secure high-performing properties without the usual lending roadblocks.
Here are some of the top-performing cities in Indiana to consider for your next DSCR loan investment:
City
Rental Type
Rental Yield
Indianapolis
Long-Term
7.55%
Fort Wayne
Long-Term
9%
Bloomington
Short-Term
13.65%
South Bend
Short-Term
38.67%
Lafayette
Short-Term
12%
Indianapolis: Steady Demand in the Heart of Indiana
Indianapolis boasts a diverse economy with strong healthcare, tech, and logistics sectors fueling rental demand year-round. The city’s affordable housing and growing professional base create a resilient long-term rental market with consistent cash flow potential. The rental yield stands at a solid 7.55%, reflecting steady income opportunities.
Median Home Price: $242,667
Average Rent: $1,526
What this means for investors: Indianapolis offers a balanced mix of value and stability. Low vacancy rates and steady rent growth support long-term rental income, making it an ideal market for DSCR loans and buy-and-hold strategies. Focus on neighborhoods near downtown and the north side for the best returns.
Investment Properties Listed Today on Sale in Indianapolis
Fort Wayne: Affordable, Stable, and Tenant-Friendly
Fort Wayne’s manufacturing roots, combined with the expansion of healthcare services, drive a steady demand for affordable rentals. This market appeals to families and working professionals, ensuring low turnover and reliable cash flow. The rental yield here is a strong 9%, highlighting its attractive cash flow potential.
Median Home Price: $246,417
Average Rent: $1,199
What this means for investors: With low entry costs and strong tenant demand, Fort Wayne is a prime candidate for long-term rental portfolios. The high rent-to-price ratio enhances cash-on-cash returns, and the market’s affordability makes it attractive for investors who leverage DSCR financing.
Investment Properties Listed Today on Sale in Fort Wayne
Home to Indiana University, Bloomington’s short-term rental market thrives on consistent university visitors, parents, and event attendees. Strong seasonal demand and limited hotel capacity create lucrative opportunities for STR investors. Bloomington delivers a solid 13.65% rental yield, reflecting its premium STR returns.
Median Home Price: $329,604
Average Rent: $2,000
What this means for investors: Bloomington’s STR market offers premium nightly rates and high occupancy during academic and event seasons. Investors should target properties near campus or downtown to maximize bookings and revenue, making it a substantial addition to a diversified portfolio.
Investment Properties Listed Today on Sale in Bloomington
South Bend’s rental market benefits from spikes tied to Notre Dame football games, conventions, and cultural festivals. These events create predictable high-demand windows, allowing STR owners to capitalize on peak pricing. The impressive 38.67% rental yield underscores its status as a high-return STR market.
Median Home Price: $192,850
Average Rent: $1,295
What this means for investors: Strategically positioned STRs near the university and downtown capture significant seasonal demand. Investors can expect strong cash flow during event periods, while off-season long-term rentals help maintain occupancy year-round.
Investment Properties Listed Today on Sale in South Bend
Lafayette experiences steady visitor traffic due to Purdue University’s events, conferences, and alumni gatherings. This drives consistent short-term rental demand, enabling investors to benefit from a diversified tenant profile. Lafayette’s rental yield of 12% offers solid income for STR investors.
Median Home Price: $265,533
Average Rent: $1,221
What this means for investors: Lafayette’s STR market combines steady university-related demand with affordability. Investors should focus on properties near campus and event venues to maximize occupancy and nightly rates, balancing seasonal peaks with strong mid-term rental potential.
Investment Properties Listed Today on Sale in Lafayette
Bank statements showing down payment + 6 months reserves
Indiana Specific DSCR Underwriting Factors that Investors Overlook
Indiana offers one of the most accessible and profitable real estate landscapes in the Midwest for foreign national investors. With affordable entry prices, strong rental yields, and landlord-friendly policies, it’s a market that strikes a balance between stability and growth potential. However, like any market, success here requires understanding the state’s unique regulations, risks, and opportunities.
Agricultural Land Restrictions
Indiana consistently ranks among the most landlord-friendly states in the US. There is no statewide rent control, property taxes are relatively low, and eviction procedures are efficient and straightforward. These factors make it attractive for long-term rental strategies and high-occupancy investments.
Favorable Foreign Ownership Rules
Foreign nationals are not subject to residency or citizenship requirements for property ownership in Indiana. However, they must comply with federal tax rules, such as the Foreign Investment in Real Property Tax Act (FIRPTA), which imposes withholding taxes on property sales by foreign owners.
– Diverse Investment Markets
While Indianapolis dominates the spotlight due to its strong rental demand, cities such as Fort Wayne, Bloomington, Lafayette, and South Bend are also growing in popularity. University towns and logistics hubs often produce stable year-round rental income.
Strategic & Future Considerations for Foreign Nationals Investing in Indiana
Indiana’s real estate market is entering a growth phase that combines affordability with long-term stability, making it an appealing target for international real estate investors using DSCR loans. While current conditions are favorable, understanding where the market is headed can help you position your portfolio for maximum gains.
1. Suburban Expansion and Population Growth
Suburbs like Fishers, Carmel, and Westfield are experiencing rapid growth, driven by families seeking high-quality schools, new infrastructure, and safer neighborhoods. These areas have been nationally recognized for their livability and are attracting both domestic and international real estate investors. For global investors, this means early entry into appreciating markets with strong rental demand from both professionals and relocating families.
2. Infrastructure and Logistics Development
Indiana’s location at the “Crossroads of America” is becoming even more valuable as the state invests in highway expansions, intermodal freight hubs, and airport upgrades. These improvements directly fuel demand for workforce housing near industrial parks and logistics centers, especially in Plainfield, Greenwood, and Lebanon. Properties in these zones tend to benefit from stable, long-term tenants employed in manufacturing and distribution.
3. University-Driven Rental Stability
Cities like Bloomington (Indiana University) and West Lafayette (Purdue University) continue to provide some of the most consistent occupancy rates in the state. Student housing demand creates predictable leasing cycles, and the growing trend of international student enrollment adds a layer of global demand, appealing to foreign investors looking for stable returns.
4. Mixed-Use and Lifestyle Developments
Large-scale projects such as Saxony in Fishers and Bottleworks District in Indianapolis are reshaping urban and suburban living with a blend of residential, retail, office, and entertainment spaces. These developments draw higher-income tenants and command premium rents, offering investors a way to diversify into higher-yield micro-markets within Indiana.
Indiana DSCR Loan FAQs
Can foreign nationals apply for DSCR loans in the state of Indiana?
Foreign nationals can apply for DSCR loans through HomeAbroad without needing a US credit score, making it a flexible financing option for global investors.
What types of properties are eligible for DSCR loans in Indiana?
DSCR loans in Indiana are for various properties, including single-family homes, condos, townhomes, and multi-family units. They can finance new construction projects and investment properties.
Can I refinance a property in Nevada using a DSC
Yes, foreign nationals who already own a rental property in Indiana can refinance with a DSCR loan. This includes both rate-term and cash-out refinancing. With HomeAbroad, you can tap into your property’s equity, even without US income or credit history, and reinvest in additional properties or improve existing assets.
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.
Indiana Investment Properties On Sale
Build wealth with HomeAbroad DSCR loans across Nevada’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.
🌍
Foreign National Mortgage Experts
No US credit history, income, or residency required. We've helped thousands of international real estate investors finance Indiana real estate.
🤖
AI–Powered Property Search
Our investment property search platform helps you discover high-yield rentals across Indiana 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 Indiana.
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.
