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Deephaven Amps Up Foreign National DSCR Program in Response to Growing Real Estate Investment Market

·2-min read

Streamlined Process Utilizes Property Cash Flow to Qualify Borrowers and Speed Underwriting

CHARLOTTE, N.C., December 06, 2021--(BUSINESS WIRE)--The real estate investment market, driven by rising rents and returns, is attracting a wave of single and multi-unit property investors including non-U.S. citizens. Deephaven, a leader in non-QM/non-agency lending solutions, has amped up its Foreign National DSCR (Debt Service Coverage Ratio) program to meet their need for financing.

Offered through Deephaven’s wholesale and correspondent channels, the program further streamlines mortgage lending by eliminating certain documentation requirements that otherwise could present barriers to a speedy closing.

"Speed and efficiency are important to non-U.S. citizens, who often need to complete transactions within a compressed period, before traveling back home. We are able to offer an extremely smooth process so our partners can meet their borrowers’ timelines," said Mack Walker, Senior Vice President, Director of Capital Markets, Deephaven.

In place of typical borrower income qualifying criteria such as W-2’s, Deephaven calculates the projected cash flow of the property to determine whether the monthly rental income meets or exceeds the debt service requirements of the loan. Whether it’s an experienced investor who wants to unlock existing equity via a refinance in order to acquire more assets, or a first-time investor, Deephaven can lend up to $1.5 million, with a maximum 75% LTV for purchases and 70% for refi’s.

The Foreign National Program requires 12 months of reserves to be held in a U.S. FDIC-insured bank, and the money can be used for condominiums, non-warrantable condos, planned unit developments (PUDs), and two- to four-unit multi-families. Assets for closing must be seasoned in a U.S. depository for at least 30 days prior to the close.

More information is available at or visit

About Deephaven

Deephaven is a full service, multi-channel, long-term credit provider in the non-QM space, providing access to financing to millions of underserved customers throughout the U.S. Deephaven was founded in 2012 and led the rebuilding of the non-government mortgage market. Please visit for additional information.

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Dawn Ringel
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