了解针对拥有第8部分房产的外国公民的DSCR贷款
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了解针对拥有第8部分房产的外国公民的DSCR贷款
了解针对拥有第8部分房产的外国公民的DSCR贷款
In the world of DSCR (Debt Service Coverage Ratio) loans, financing investment properties can often be more flexible than traditional mortgage options. However, when it comes to specific factors like 第 8 条 租户 和 外国借款人, lenders apply additional layers of caution.
Why Section 8 Properties Are Challenging for DSCR Loans
Many lenders view Section 8 properties as 高风险资产. Although Section 8 payments are government-backed, lenders worry about potential issues like property condition, tenant turnover, management challenges, and longer vacancy periods if the tenant moves out.
This caution is even more pronounced in DSCR loans, where underwriting focuses primarily on the property’s income, not the borrower’s income.As a result, many lenders either:
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Do not accept Section 8 properties 完全没有
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Or reduce the maximum Loan-to-Value (LTV) ratio they are willing to offer.
Additional Complication: Foreign National Borrowers
Foreign nationals, especially those without a U.S. Social Security Number (SSN) or established U.S. credit history, are also seen as 高风险.
While many lenders specialize in foreign national programs, they often apply:-
Stricter LTV limits (commonly capping at 60%-65%),
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更高的利率 compared to U.S. citizens or residents,
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和 tighter underwriting standards.
When these two risk factors—Section 8 properties and foreign national status—combine, lenders become even more conservative.
Real Client Story: Avi’s Experience
Recently, one of our valued clients, AVI, reached out seeking a 65％LTV loan for a portfolio of investment properties, some of which housed Section 8 tenants.
Avi, although a foreign national, demonstrated strong credentials:-
He maintained a U.S. bank account for several years,
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Held U.S. credit cards linked to his ITIN number,
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Was actively building his U.S. credit history.
Despite his efforts, here’s how the situation unfolded:
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我们进行了 auction among over 300 lenders 并收到 11 strong offers for Avi.
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Avi selected an attractive offer with a low interest rate of 6.96% (remarkably low for foreign nationals in today’s market).
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However, when requesting a 65% LTV, the lender informed us that due to Avi’s foreign national status 和 the properties being Section 8, they could not exceed 60% LTV.
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LTV limited is due to the sponsor being a foreign national and the properties are all Section 8.”
Even though this lender typically does not approve Section 8 properties, thanks to our 关系密切 和 high loan volume, we were able to secure an 例外 to allow Section 8 property financing — but without flexibility on increasing the LTV.
We explained to Avi that while a few other lenders could offer 65%-70% LTV, the cost would be much higher:
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费率 8.10% or even up to 9.75% (depending on prepayment penalty options),
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与 6.96％利率 he was offered by the selected lender (after buying down the rate with origination points).
Ultimately, Avi’s case demonstrates the careful balancing act between rate, LTV, and loan program approval when dealing with Section 8 properties and foreign national status.
借款人需要注意的要点
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Expect Lower LTV: If you are a foreign national and own Section 8 properties, anticipate maximum LTV limits around 60%-65% unless paying higher rates.
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Value the Exceptions: Some lenders might make exceptions for Section 8, but it usually comes with stricter terms elsewhere.
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Focus on Total Loan Costs: Sometimes a slightly lower LTV with a much lower rate is financially smarter than forcing a higher LTV with a significantly higher interest rate.
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Leverage Broker Relationships: Having an experienced broker with strong lender relationships (like Nadlan Capital Group) can unlock offers not available to the general market.
Looking for personalized advice for your DSCR loan?
Our team at Nadlan Capital Group specializes in securing the best financing for foreign nationals and investors alike.
nadlancapitalgroup.com
为外国投资者和美国人提供美国房地产投资融资的个人指导专为让外国投资者和美国人获得最佳融资报价而打造的先进拍卖平台！收到数十家竞争融资实体的报价…… Continue reading
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