New York Investment Property Loans
New York investment property loans — qualify on rental income, no tax returns or W-2s. Business-purpose financing. NMLS #1281.
1st Nationwide Mortgage finances investment property in New York through business-purpose lending programs. Our New York borrowers qualify on the property’s rental income rather than personal tax returns, W-2s, or employment history. These are non-owner-occupied loans for investors and entities — not primary-residence mortgages.
Investment Property Financing in New York
New York spans two very different investor markets — high-value NYC and Long Island acquisitions, often by foreign nationals or entities, and upstate cash-flow properties in Buffalo, Rochester, and Syracuse.
Key markets in New York include: New York City, Buffalo, Rochester, Yonkers, Syracuse, Albany, Long Island.
How New York Investors Qualify
| Qualification Factor | Detail |
|---|---|
| Primary program | NONI — No Income, No Asset verification |
| Income documentation | None — no tax returns, W-2s, or asset statements required |
| Qualification basis | Property purchase price, down payment, and borrower credit profile |
| Credit score | Typically 680+ to start; 740+ may qualify with lower down payment |
| Down payment | Generally 25–30%; higher equity reduces underwriting risk |
| Eligible borrowers | U.S. investors, foreign nationals, LLCs, corporations, and trusts |
| Property types | Single-family, 2–4 unit, condos, and 5+ unit multifamily |
New York Lending Rules
- We do not originate second liens in this state. Financing is first-lien only.
New York Loan Programs
- New York NONI Loans — No income, no asset verification. Designed for foreign nationals and investors without documentable U.S. income.
Frequently Asked Questions
Can I get an investment property loan in New York without tax returns?
Yes. Our New York investor programs qualify the property, not the borrower. A NONI loan is underwritten on the rental income the property produces, so tax returns, W-2s, and employment verification are not required.
What credit score do I need for a New York investment property loan?
DSCR programs typically start around a 680 credit score with 20–25% down. Borrowers at 740 and above may qualify with as little as 15% down. Requirements vary by program and property type — confirm current guidelines before relying on these figures.
Do you lend on primary residences in New York?
No. In New York we offer business-purpose, non-owner-occupied financing only — investment properties, rentals, and entity-held real estate. We do not originate owner-occupied or consumer-purpose mortgages in this state.
Can a foreign national or LLC borrow in New York?
Yes. Business-purpose loans in New York can close in the name of an LLC, corporation, or trust, and foreign-national borrowers are eligible under our NONI program, which requires no U.S. income or asset verification.
How is DSCR calculated on a New York property?
DSCR is the property’s gross rental income divided by its PITIA — principal, interest, taxes, insurance, and any association dues. A ratio at or above 1.0 means the rent covers the payment. Some programs allow ratios below 1.0 with compensating factors.
Are there New York-specific rules I should know about?
We do not originate second liens in this state. Financing is first-lien only.
Get Started
Check NONI Eligibility or call (833) 350-9185 .
For illustration only. Not a commitment to lend. Rates and terms subject to change and qualification. 1st Nationwide Mortgage Corporation, NMLS #1281. Equal Housing Lender.
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Talk to a licensed loan officer about your options — no obligation.