DSCR Loans in Florida
Finance Florida rental property based on the property's rent, not your paycheck. No W-2s, no tax returns and no employment verification, with a 0.75x DSCR floor, rates from 5.75% and up to 85% LTV.
- Qualify on rent with real Florida taxes and insurance
- Single-family, condo, 2-4 unit and short-term rentals considered
- 14-day closings · LLCs and foreign nationals welcome
- No cap on the number of financed properties
Get your Florida DSCR quote
No tax returns · same-day quote · no hard credit pull to start.
- Share the address, rent and price or value
- Get a quote with real taxes and insurance
- Close in as fast as 14 days
Florida rental market
Why a DSCR loan fits Florida investors
Florida market snapshot
No state income tax, year-round tourism, snowbird demand, and military and vacation-rental markets from Orlando to the Gulf Coast. Insurance and HOA costs run higher, and condo rules such as SB 4-D inspection and reserve requirements can affect older buildings, so they weigh heavily in the DSCR math.
Why DSCR fits
Many Florida buyers are out-of-state or foreign investors and LLCs, and rent-based qualifying lets them skip personal income documents. Condos, vacation rentals and value-add buildings are common DSCR deals here, and a real insurance quote for the address keeps the ratio accurate.
Priority state: we prioritize applications from Florida. If you have requirements in Florida, send them in and we can review them on priority.
| DSCR floor | 0.75x with compensating factors |
| Max LTV | Up to 85% on purchase |
| Rates from | 5.75% (strongest profiles) |
| Min FICO | 620+ |
| Qualifying income | Long-term rent or documented short-term-rental income |
| Vesting | Individual, LLC or entity · foreign nationals eligible |
| Closing | As fast as 14 days |
Local market details
Florida rental demand, housing and local anchors
Rental demand follows jobs, universities, healthcare, shopping and lifestyle. Here is a general look at the factors that shape Florida rental markets.
Population
About 21.5 million residents (2020 Census, rounded).
Rental market overview
Miami, Orlando, Tampa and Jacksonville lead a deep rental market that includes seasonal leases and vacation rentals. State law limits local rent control, so rents follow the market.
Housing trends
Prices climbed sharply since 2020, and inventory has grown more recently. Insurance costs and condo reserve rules (SB 4-D) now weigh heavily on payments in coastal and older buildings.
Major employers
Publix, NextEra Energy, Walt Disney World, Carnival, Lockheed Martin, Raymond James, Darden Restaurants
Hospitals & healthcare
Baptist Health South Florida, AdventHealth, Moffitt Cancer Center, Mayo Clinic Jacksonville, Jackson Health
Colleges & universities
University of Florida, Florida State, UCF, USF, University of Miami, FIU
Malls & shopping
Aventura Mall, Dadeland Mall, International Plaza (Tampa), Mall at Millenia, St. Johns Town Center
Attractions
Walt Disney World, Universal Orlando, Everglades, Florida Keys, Kennedy Space Center, Gulf and Atlantic beaches
Local details are general, approximate context (population rounded from the 2020 Census) and change over time. Verify specifics for your property and city.
Requirements
Florida DSCR loan requirements
| Down payment | Typically 20-25% on purchase; as little as 15% (up to 85% LTV) for strong profiles |
| Credit | 620+ FICO; best pricing at 720+ |
| DSCR | From 0.75x with compensating factors; 1.0x+ standard |
| Reserves | Typically 3-6 months of PITIA |
| Rent proof | Lease, or appraiser market-rent schedule (Form 1007) |
| Property types | Single-family, condos, 2-4 unit, small multifamily, short-term rentals where permitted |
| Uses | Purchase, rate-and-term refinance, cash-out refinance |
Free tool
Florida DSCR calculator
Enter your Florida property's rent, loan terms and carrying costs to estimate your DSCR and monthly cash flow.
Property & loan
Illustrative only; not a rate quote or commitment to lend. Your final DSCR is based on the property's actual rent (lease or appraiser rent schedule), taxes and insurance.
Answers
Florida DSCR loan FAQ
What is a DSCR loan in Florida?
A DSCR loan in Florida qualifies you on the rental income of the property instead of your personal income. We divide the monthly rent by the full monthly payment (principal, interest, taxes, insurance and any HOA). No W-2s, tax returns or employment verification are required.
What DSCR ratio do I need for a Florida rental?
Most lenders look for 1.0x or higher. Our program accepts a DSCR as low as 0.75x with compensating factors such as reserves, which can help in Florida markets where taxes, insurance or HOA dues are high compared with rent.
How much can I borrow on a Florida investment property?
Up to 85% LTV on a purchase for strong borrower profiles, and typically 75 to 80% on a cash-out refinance. The maximum depends on credit score, DSCR, property type and loan size.
What credit score is needed for a DSCR loan in Florida?
A minimum 620 FICO score is accepted. Higher scores earn better pricing, with the best rates generally reserved for 720 and above.
Can I buy Florida rental property in an LLC or as a foreign national?
Yes. You can close in an LLC or other entity, and foreign nationals and first-time investors are welcome. An attorney or tax advisor can help you choose the right structure.
How fast can I close a DSCR loan in Florida?
As fast as 14 days with a complete file. Appraisal scheduling, title work and insurance quotes are the usual timing factors.
Can I use a DSCR loan for a short-term rental in Florida?
Yes, where short-term rentals are allowed. Check local zoning, licensing and HOA rules for the specific city before you buy, because rules differ from one municipality to the next.
Ready to finance your Florida rental?
Free quote · no hard credit pull to start · same-day terms.