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DSCR Loans in Florida for Real Estate Investors
Qualify based on the property’s cash flow instead of your personal income. Explore DSCR ratios, down payment options, rental guidelines, and get a fast investor loan quote.
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What Is a DSCR Loan?
A DSCR (Debt Service Coverage Ratio) loan is designed for real estate investors who want to qualify based on a property’s cash flow, not personal income. In Florida, DSCR loans make it easier to finance single-family homes, townhomes, condos, multifamily, and mixed-use properties without submitting complicated income statements or tax returns.
With a DSCR loan, the property itself qualifies you:
DSCR = Monthly Rental Income ÷ (Principal + Interest + Taxes + Insurance + HOA dues)
- A DSCR of 1.0 or higher generally qualifies the property
- No personal income verification required for most programs
Who Uses Florida DSCR Loans?
DSCR loans are ideal for investors who:
- Want to finance rental properties or Airbnb/VRBO units
- Own multiple properties, there’s no limit on number financed
- Prefer financing through an LLC
- Want as little as 0 months reserves
Key Requirements for Florida DSCR Loans
- Credit Score: 620+
- Down Payment: 15%–30% depending on property type
- Loan-to-Value (LTV): 70%–80% typical
- Property Types: Single-family homes, townhomes, condos, multifamily (up to 8 units), and mixed-use properties
- Minimum Loan Amount: $150,000
- Maximum Loan Amount: $3 million
- Seller Concessions: Up to 6%
- Waiting Period: 3 years after foreclosure or bankruptcy
- Terms: 30-year fixed or interest-only options
Unlike traditional investment loans, DSCR loans often have no debt-to-income restrictions, making them flexible for seasoned and new investors alike.
Florida DSCR Loan Highlights
- No personal income used to qualify
- No limit on number of properties financed
- Finance directly through an LLC
- Low reserve requirements
- Perfect for short-term rental investments (Airbnb/VRBO)
- Designed specifically for rental and investment properties
Florida DSCR Loan Rates
Interest rates for DSCR loans vary, but finding the best rate is critical for cash flow. Even a small difference in rate can save hundreds per month and thousands over the life of the loan.
We compare multiple lenders to ensure you get the lowest Florida DSCR investor mortgage rate possible.
Is a DSCR Loan Right for You?
DSCR loans are perfect for Florida real estate investors who want:
- Flexible financing for multiple properties
- Rental income-based qualification
- Financing through an LLC
- Low down payment or minimal reserves
If you’re buying an investment property in Florida, a DSCR loan can simplify financing and maximize your cash flow.
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Helping investors across Florida get the right financing for their rental portfolios
Frequently Asked Questions About DSCR Loans in Florida
What is a DSCR loan in Florida, and how does it work?
A DSCR loan is an investment property mortgage that focuses on the property's cash flow rather than your personal income. In Florida, lenders typically evaluate whether the expected rental income can cover the monthly housing payment, including principal, interest, taxes, insurance, and HOA dues if applicable. This approach can be attractive for real estate investors who want financing tied more to the property than their W-2s or tax returns.
What does DSCR mean, and what DSCR ratio do lenders look for in Florida?
DSCR stands for Debt Service Coverage Ratio. It is a way to compare the property's rental income to the property's monthly debt obligation. The target DSCR can vary by lender and program, and it may also depend on factors like your down payment, credit, and the property type. If you share the estimated rent and purchase price, we can quickly calculate scenarios and show what DSCR range you are likely to land in.
How is rental income verified for a Florida DSCR loan?
Rental income is commonly supported using a lease agreement and or an appraisal with a market rent estimate, depending on whether the property is already rented and the lender's requirements. In Florida, this can be especially important for condos, seasonal rentals, and certain neighborhood types where rents can vary widely. The documentation needed depends on the property, the occupancy plan, and whether you are purchasing or refinancing.
Can I get a DSCR loan in Florida under an LLC?
Many DSCR loan programs allow Florida investors to close in an LLC or other business entity, but guidelines vary by lender. Lenders may review the entity documents and may also have specific requirements related to guarantors. If you tell us how you plan to hold title and what type of property you are buying, we can confirm which DSCR options fit your structure.
Are DSCR loans in Florida available for condos, short-term rentals, or vacation rentals?
It depends on the lender and the property. Some DSCR programs in Florida can work for condos and short-term rental markets, but condo eligibility, HOA rules, insurance, and rental restrictions can impact approval. Short-term rentals may also be underwritten differently than long-term leases. If you share the property address or condo name, we can help verify whether DSCR financing is likely to be a smooth fit before you move forward.
Disclaimer: Mortgage programs, rates, and underwriting guidelines can change without notice. For the most up-to-date DSCR loan requirements in Florida and a personalized investment property review, please contact us.