30-Year DSCR Rental Loans in Florida
Build a long-term rental portfolio with financing designed specifically for investment properties. Instead of structuring the loan around traditional owner-occupied mortgage guidelines, DSCR underwriting focuses heavily on the property's ability to support its debt obligations.
Qualifying Florida investors can use the program for eligible purchases and refinances of non-owner-occupied 1–4 unit residential properties.
SMART
Is Your Florida Rental Property Eligible?
The program is designed for non-owner-occupied residential investment properties with clear property-type and size requirements.
Eligible
Single-family properties ≥ 700 sq. ft.; condos ≥ 500 sq. ft.; 2–4 unit residential properties ≥ 500 sq. ft. per unit.
Not Eligible
- Non-warrantable condos
- Mixed-use
- 5+ unit multifamily
- Condotels
- Co-ops
- Mobile/manufactured housing
- Commercial property
- Cabins/log homes
- Oil/gas leases
- Leasehold
- Operating farms
- Ranches/orchards
- Vacation rentals
- Seasonal rentals
- Unique/exotic/luxury properties
- Unpaved/dirt roads
Florida DSCR Loan Requirements
Start with the four numbers that matter most, then look at the complete underwriting picture.
Minimum qualifying debt-service coverage
Minimum loan amount
How Much Can You Borrow?
Maximum loan-to-value depends on your FICO score and whether you are purchasing, refinancing, or taking cash out. Higher credit scores generally provide access to higher leverage.
Florida DSCR Loans Have Specific Property Requirements
The property must fit the residential investment profile for the program. Knowing these requirements before you make an offer can save you time and prevent surprises during underwriting.
The property needs to meet minimum size standards
Clean, conventional residential investments
- ✓ Non-owner-occupied properties
- ✓ Single-family residences
- ✓ 2–4 unit residential properties
- ✓ Warrantable condominiums
- ✓ Townhomes and PUDs
- ! No unpaved or dirt-road properties
Reserve requirements can vary depending on whether you're purchasing or refinancing and how the transaction is structured.
READY
Don't Just Qualify for the Loan — Be Ready to Close
Having the right liquidity available is an important part of preparing for a Florida DSCR loan. Reserve requirements are designed to demonstrate that the borrower can support the property after closing.
Financing for Acquisitions, Rate-Term & Cash-Out
Whether you're acquiring your next rental or repositioning an existing investment, the transaction type affects the available leverage and documentation.
Rate & Term Refinance
Refinance an existing investment property without taking cash out, subject to program requirements and applicable seasoning rules.
Cash-Out Refinance
Access equity from an eligible investment property for additional investment capital, subject to LTV, seasoning and underwriting requirements.
Certain Florida Counties Are Restricted
At this time, submissions are not being accepted in the following Florida counties:
What If Your Property Doesn't Qualify for a DSCR Loan?
Not every investment property fits traditional DSCR underwriting — and that doesn't necessarily mean you can't get rental financing. If the property's rental income, property type, or your investment strategy doesn't fit this program, there may be another option.
Calculate Your DSCR
Run the numbers before you apply. Our DSCR calculator can help you estimate whether the property's rental income supports the required debt-service coverage ratio.
Consider No-DSCR Rental Financing
If the property's rental income doesn't meet the 1.05 DSCR requirement, you may still have an option. Our No-DSCR rental program offers financing for qualifying 1–4 unit investment properties without a traditional DSCR requirement.
How Florida Investors Can Use DSCR Financing
DSCR financing can be useful for investors who want to acquire or refinance rental properties based primarily on the property's income-producing potential rather than relying solely on personal income.
Buying a Long-Term Rental
You're purchasing an eligible 1–4 unit investment property and want long-term financing based in part on the property's rental income.
Growing a Rental Portfolio
You already own investment properties and want another financing option as you continue acquiring qualifying rental properties.
Refinancing an Existing Rental
You're looking to refinance an existing investment property through a rate-term or eligible cash-out transaction.
Using an LLC to Hold the Property
Eligible borrowers can use an LLC or corporation to hold the investment property, subject to entity and underwriting requirements.
DSCR Loans in Miami
Miami investors have access to a large and diverse rental market, from single-family investment properties to qualifying 2–4 unit residential properties.
For investors purchasing or refinancing eligible non-owner-occupied rentals, DSCR financing can provide a long-term alternative to conventional investment-property financing.
Miami Rental Investors
Looking specifically for financing in Miami? Visit our dedicated city page for additional information about financing investment properties in the Miami market.
Miami DSCR Loans →DSCR Loans for Tampa Rental Investors
Tampa-area investors looking to purchase or refinance qualifying rental properties can use DSCR financing to structure long-term investment-property loans around the property's rental income.
DSCR Loans in West Palm Beach
West Palm Beach and the surrounding South Florida market offer opportunities for investors seeking long-term rental properties. Our Florida DSCR program is designed for qualifying non-owner-occupied 1–4 unit residential properties.
Looking for financing here?
Review the dedicated West Palm Beach DSCR page for local investment-property financing information.
West Palm Beach DSCR Loans →Jacksonville Rental Investors
Jacksonville investors can explore DSCR financing for qualifying residential rental properties when the transaction meets the property's, borrower's and program requirements.
Finance Your Next Jacksonville Rental
Whether you're acquiring an investment property or refinancing an existing rental, DSCR financing provides a long-term rental loan option for eligible 1–4 unit properties.
Jacksonville DSCR Loans →Orlando DSCR Loans for Rental Properties
Orlando investors looking for long-term financing for qualifying rental properties can explore DSCR loans designed around the property's rental income and investment characteristics.
A Long-Term Option for Orlando Investors
Eligible non-owner-occupied 1–4 unit properties may qualify for 30-year DSCR financing, subject to credit, DSCR, leverage, property and underwriting requirements.
Florida DSCR Loan Questions
Here are answers to some of the questions Florida rental-property investors ask most often.
What credit score is required for a Florida DSCR loan?
The minimum mid-score for this Florida DSCR program is 660. Higher credit scores can qualify for higher maximum LTVs. A 700+ FICO may qualify for up to 80% LTV on purchase and rate-term refinance transactions, subject to all other requirements.
What is the minimum DSCR required?
The minimum DSCR requirement for this program is 1.05. Investors who do not meet the DSCR requirement may want to explore the No-DSCR rental loan program.
What properties qualify for Florida DSCR financing?
Eligible properties include non-owner-occupied single-family residences, 2–4 unit multifamily properties, warrantable condominiums, townhomes and PUDs. Properties such as 5+ unit multifamily, mixed-use, commercial, non-warrantable condos, mobile or manufactured housing and vacation or seasonal rentals are not eligible.
Can I use an LLC for a Florida DSCR loan?
Yes. Eligible borrowing entities include LLCs and corporations. Nonprofits, charitable organizations and partnerships are not eligible under these guidelines.
How much can I borrow with a Florida DSCR loan?
The minimum loan amount is $75,000. Maximum leverage depends on the borrower's FICO score and transaction type. For example, borrowers with 700+ FICO may qualify for up to 80% LTV on purchase and rate-term refinance and up to 75% LTV on cash-out refinance, subject to program requirements.
Can I get cash-out on a Florida DSCR refinance?
Yes, eligible properties may qualify for cash-out refinance. Maximum LTV depends on credit score. Properties that are 90 days or less from the purchase date are not eligible for cash-out refinance. Additional seasoning requirements may apply.
Are rural properties eligible for Florida DSCR loans?
No. Rural properties are not eligible, and properties with unpaved or dirt roads are also ineligible.
What if my property doesn't meet the 1.05 DSCR requirement?
You may want to consider our No-DSCR Rental Loan program. It is designed for qualifying rental properties where traditional DSCR financing may not be the right fit.
View No-DSCR Rental Loans →
Are there Florida counties where this DSCR program is unavailable?
Yes. Submissions are currently not being accepted in Lee County, Charlotte County, Sarasota County or Collier County. Geographic guidelines can change, so confirm availability before moving forward with a transaction.