In October 2026, CR Equity AI funded a DSCR loan for an ITIN borrower buying a first U.S. investment property: a 4-bedroom attached rowhome in Lebanon, Pennsylvania. The file was approved one day after application and closed and funded eight calendar days after it started.
This closing shows that an ITIN investor with no prior U.S. real estate ownership can still close quickly. The keys are a loan program built around the property’s cash flow and a lender that sizes the deal correctly from the start.
Deal Snapshot
- Location: Lebanon, Lebanon County, Pennsylvania
- Property type: 1-unit residential investment property (attached rowhome, 4 bedrooms)
- Loan program: DSCR loan, qualified on property cash flow
- Transaction: Purchase
- Borrower profile: ITIN investor, first U.S. investment property
- Application to approval: 1 day
- Application to funding: 8 calendar days (6 business days)
Why a DSCR Loan Fit This ITIN Borrower
Many lenders slow down when a file combines three things:
- An ITIN instead of a Social Security number
- No history of owning U.S. real estate
- A buyer working against a purchase-contract deadline
A DSCR (Debt Service Coverage Ratio) loan avoids most of that friction. It does not underwrite the borrower’s personal U.S. tax returns. Instead, it looks at whether the property’s expected rental income covers its monthly housing payment. That makes a DSCR loan for an ITIN borrower one of the most practical ways for an investor who lives and earns in the U.S. to buy rental property without an SSN.
How CR Equity AI Closed It in 8 Days
Sized on day one
The scenario was run through the CR Equity AI platform at intake. Before any documents were collected, the borrower knew which loan amount and structure would work. That removed guesswork and avoided re-trading later.
Next-day approval
A complete file went straight to underwriting, and approval came back the next day.
Underwritten on rental income
The loan was qualified on the property’s projected rent compared with its payment. It was not based on U.S. tax returns or W-2s. For background, see our guide to how DSCR loans qualify investors on rental income instead of tax returns.
Clear, hands-on communication
Our team took the borrower through each step in plain language. This kept document requests moving and stopped small questions from turning into delays.
Closed and funded in 8 days
The loan closed and funded eight calendar days after application, well inside a typical purchase-contract window.
Who This Type of Financing Fits
ITIN and foreign national investors
Investors who live and work in the U.S. without a Social Security number can buy rental property through our ITIN & Foreign National loan program.
First-time real estate investors
Prior investment experience is not always required. Many DSCR guidelines accept first-time investors, subject to program requirements.
Mortgage brokers on a deadline
If your buyer has a contract date to meet, you need a lender that sizes the deal accurately at the start and doesn’t change terms at the closing table. Learn more about our broker program.
Have a DSCR or ITIN Scenario?
Send us the purchase price, estimated rent, borrower profile, and target close date, and we’ll tell you what works. You can submit a deal, get an ITIN & foreign national quote, or check the numbers first with our DSCR calculator.
Frequently Asked Questions
Can an ITIN borrower get a DSCR loan?
Yes. DSCR loans qualify mainly on the property’s rental income relative to its housing payment, not on personal tax returns. That means ITIN borrowers and many non-U.S. citizen investors can qualify. This loan closed in Lebanon County, PA in eight days.
How fast can a DSCR purchase loan close?
For this complete file, approval came the day after application and funding came in eight calendar days. Every deal still depends on appraisal, title, and documentation timing.
Do first-time investors qualify for DSCR loans?
Many DSCR programs accept first-time investors, subject to guidelines. This borrower was buying their first U.S. investment property.
Do you work with mortgage brokers and referral partners?
Yes. Send DSCR, ITIN, foreign national, bridge, and fix-and-flip scenarios to deals@crequity.ai.
CR Equity AI, Inc. · NMLS ID 2797309 · Equal Housing Opportunity. Business-purpose investment property loans only. Past closings do not guarantee future results, and timelines vary with appraisal, title, and documentation. This is not a commitment to lend. All loans are subject to credit, underwriting, and property approval, and program guidelines may change without notice. Borrower details have been withheld to protect client privacy. Images are illustrations and do not depict the subject property.