AM Rental Coverage + Loan Program
The AM Rental Coverage+ program sheet covers a U.S. investment-property loan that qualifies only on the property's projected rental income — no U.S. credit, no U.S. residency and no personal income documents required. It lists the full terms: loan amounts from $150,000 to $3,000,000, up to 75% LTV on purchases (70% on equity release, cash-out or refinance), a 30-year fixed term with a 10-year fixed interest-only option, 1:1 rental coverage and a U.S. LLC requirement. It also itemizes the costs and fees and the five documents needed to apply, with closings in 30–45 days.
Prefer to read offline? Use the Download button above — the file is a 3-page PDF (5.5 MB).
The program, line by line
Everything the sheet specifies for AM Rental Coverage+ — who qualifies, on what, and at what cost. All figures are as published in the PDF.
- Who it's for: U.S. citizens or foreign nationals — purchase, refinance or equity release — qualifying ONLY on the property's projected rental income
- Key features: no U.S. credit required, no U.S. residency required, no personal income required, 30–45 day closing time
- Loan amounts from $150,000 to $3,000,000; max 75% LTV on purchases and 70% on equity release / cash-out / refinance
- 30-year fixed term with a 10-year fixed interest-only option; 1:1 rental income coverage (monthly rent must cover mortgage, taxes and insurance); U.S. LLC required
- Available in all 50 states except IA, NV, NC, UT and VA; investment use only; any employment type; maximum broker fee 3% of loan amount
- Itemized fees ($1,470 underwriting, $425 doc prep, $895 processing, $76 tax servicing, $25 MERS; appraisal property-dependent) and the five-document application checklist
- NMLS · America Mortgages Nationwide
- 2810389
- lender programs
- 150+
- U.S. states
- 50
- U.S. credit required
- No
Related resources
Foreign national mortgages
The full foreign-national offering — programs, eligibility and how to qualify without U.S. credit.
All loan programs
Compare Rental Coverage+ against every other AM program for expats and foreign nationals.
America Mortgages Loan Handbook
The side-by-side program guide — LTV, loan sizes, terms and indicative fees in one PDF.
Talk to a specialist
Check if your target property's rent covers the mortgage 1:1 and get a pre-approval.
See if your property cash-flows into an approval
Send the property details and a specialist will run the 1:1 rental coverage test with you — no personal income documents, no U.S. credit history required.