DSCR Loans Florida
Florida rentals live or die on two numbers that other states barely worry about: the insurance premium and the condo association bill. Our DSCR loans therefore price the real figures for your address, and they leave your personal income out entirely. In other words, you can hold in an LLC, close in as little as 14 days, and keep growing with a 0.75x DSCR floor, rates from 5.75%, and up to 85% LTV.
- 0.75x DSCR floor to absorb Florida insurance and HOA costs
- Up to 85% LTV on purchase · FICO from 620
- 12-month leases, seasonal leases, or documented Airbnb and Vrbo income
- Single-family homes, villas, 2-4 units, and condos in SB 4-D buildings considered
- 14-day closings · no-seasoning cash-out · LLC vesting · foreign nationals welcome
- Share the addressProperty address, lease or expected rent, and purchase price or value.
- Get an insurance-aware quoteWe price a realistic insurance and HOA figure, not a statewide guess.
- Move to closingClose in as fast as 14 days with no income documents.
Program highlights
Features of Our DSCR Loans in Florida
Our Florida DSCR program is designed around the costs that make or break a Sunshine State rental. Consequently, the features below focus on insurance, condos, short-term income, and speed, rather than on your personal tax returns.
Insurance and condo fees squeeze coverage ratios in Florida. Accordingly, rent that covers 75% of the payment can still qualify with reserves.
Put down as little as 15%. That leaves cash for a new roof, extra reserves, or a second property.
Better credit, lower leverage, and a stronger DSCR move your pricing toward the low end of the range.
Scores in the 620s remain workable. Even so, higher scores earn sharper pricing.
Skip tax returns and W-2s. As a result, snowbirds, retirees, and business owners all qualify on the property alone.
Twelve-month leases, seasonal leases, and Airbnb or Vrbo history all count toward qualifying.
Single-family homes, villas, duplexes through fourplexes, and condos qualify. SB 4-D buildings are reviewed case by case.
A clean file moves fast. Meanwhile, our team keeps you updated from term sheet to funding.
Refinance right after you buy or renovate. Therefore, you can reinvest or harden a property without a waiting period.
International buyers are common in Florida. Likewise, first-time investors and entity buyers are welcome.
The Florida advantage
Why Go for DSCR Loans in Florida?
Florida pairs steady population inflows with a tourism economy that rarely slows, so rental demand stays broad. Moreover, the state levies no personal income tax, which draws retirees, remote workers, and business owners who often hold investment property. Consequently, tenants and buyers arrive from every direction, and a DSCR loan lets you finance those deals on their own merits.
Rent control is off the table. State law restricts local rent control, so you can price rent to the market. Likewise, a DSCR loan counts that market rent directly, which keeps your numbers straightforward.
Insurance is the swing factor. Premiums vary enormously with roof age, construction type, wind mitigation features, and flood zone. A lender that guesses can misjudge your ratio by hundreds of dollars a month. Therefore, we work from a realistic carrier quote for the actual address, so the DSCR you see is the DSCR you get.
Condos need extra care. After the 2021 Surfside collapse, Florida added milestone inspections and structural reserve studies, which have lifted HOA budgets in many older buildings. Even so, plenty of condos remain good rentals. Since we review SB 4-D buildings case by case, you are not shut out of Florida’s condo market.
Short-term rentals pay in season. Florida welcomes well over 100 million visitors a year, so vacation rentals can earn premium nightly rates. However, income swings with the calendar. As a result, documented Airbnb or Vrbo history, plus a 0.75x floor, gives short-term-rental investors breathing room.
Foreign buyers belong here. Canadian, Latin American, and European buyers have long invested in Florida real estate. Accordingly, we welcome foreign nationals, and you can close in an LLC. For the full national program, visit our DSCR loans hub.
Qualifying
Requirements and Eligibility for DSCR Loans in Florida
Qualifying is simple, although Florida adds a few extra documents. First, check the borrower and property basics below. Then, gather the paperwork early, so insurance and condo reviews do not slow you down.
Borrower requirements
- Credit score of 620 or higher
- DSCR of 0.75x or better, with reserves
- Down payment as low as 15% (up to 85% LTV)
- Verified reserves, which can run higher on thinner ratios
- Individual, LLC, or other entity vesting
- Business-purpose use only, so primary residences do not qualify
Eligible properties
- Single-family homes and villas
- Duplexes, triplexes, and fourplexes
- Condos and townhomes, with project review
- Older homes with an insurable roof and systems
- Short-term rentals where licensing and local rules allow
- Leased properties, or vacant homes valued at market rent
Documents we typically request
- Signed lease, or the market rent schedule from the appraisal
- Driver’s license (or passport for foreign nationals)
- LLC articles and operating agreement, if applicable
- Proof of down payment and reserves
- Insurance quote or binder, plus 4-point and wind mitigation reports on older homes
- Condo questionnaire and HOA budget, or the vacation rental license
Florida-specific note: Insurers look closely at roof age, so request a 4-point inspection and wind mitigation report on older homes. Meanwhile, condo buildings should supply their milestone inspection and reserve study. Finally, a short-term rental needs the proper state license and compliance with local rules and HOA documents.
Free tool
Example DSCR Loan Calculations (use your values to determine the DSCR for your property)
Florida numbers swing with insurance, condo fees, and season, so test your own deal. First, pick a scenario or type your values. Then, watch how insurance and HOA dues move the ratio. Since Florida resets assessments after a sale, enter the tax bill you expect rather than the seller’s old figure.
DSCR = monthly rent after vacancy ÷ monthly payment (PITIA), where PITIA covers principal, interest, taxes, insurance, and any HOA dues. A ratio of 1.00x means rent exactly covers the payment.
Illustrative only; not a commitment to lend. Rates, taxes, insurance, HOA dues, and rents are example inputs, and a DSCR between 0.75x and 1.00x can still qualify with reserves. Excludes closing costs. Your actual quote reflects the property’s real rent, insurance, and HOA figures.
Closing timeline
Steps to Fast Closing of DSCR Loans in Florida
Speed comes from preparation. Follow these six steps, and a clean Florida file can reach the closing table in as little as 14 days.
Submit your scenario
Send the address, the rent or lease, and the price or value. Next, a loan officer reviews the deal and returns a term sheet, often the same day.
Get the insurance quote early
Request a quote with the roof age and flood zone in hand. Moreover, insurers can pause new policies when a named storm approaches, so binding early protects your closing date.
Lock in the rent
Provide a signed lease, or let the appraiser prepare a market rent schedule. Short-term rentals can instead use platform history, which keeps the DSCR accurate.
Review condo, HOA, or license items
For condos, we gather the questionnaire, budget, and SB 4-D documents. For vacation rentals, confirm the state license and local rules. In both cases, early review prevents late surprises.
Order appraisal and title
Once insurance and documents line up, we order the appraisal and title work. Meanwhile, plan for Florida’s documentary stamp and intangible taxes on the mortgage, since they affect cash to close.
Clear to close and fund
Finally, you sign, and the loan funds. Afterward, a no-seasoning cash-out refinance can fund your next purchase or a hurricane-hardening upgrade.
Tip: Order inspections promptly, keep your LLC paperwork ready, and avoid switching insurers mid-file.
Local markets
Florida Cities We Are Funding DSCR Loans
We fund DSCR loans across Florida, and the ten cities below show how different the markets can be. Population figures are rounded, while climate and market notes are general observations. Even so, each profile highlights why DSCR financing suits investors there.
Miami
Miami draws international buyers, remote workers, and tourists, so rental demand stays deep year-round. However, condo fees and insurance run high, which squeezes the ratio of rent to payment. Many buildings are also working through SB 4-D inspections and reserve studies. Therefore, DSCR financing helps experienced investors, since case-by-case condo review and a 0.75x floor keep strong locations financeable. In addition, foreign nationals can invest through an LLC without U.S. income documents.
Orlando
Orlando’s theme parks, convention traffic, and the University of Central Florida keep rental demand strong across seasons. Consequently, both 12-month leases and vacation rentals find tenants. Newer suburbs add inventory, while older neighborhoods offer value-add deals. Since many Orlando-area communities carry HOA dues, the payment includes those fees. DSCR loans fit well here, because documented short-term income and long-term leases can each qualify the property.
Tampa
Tampa has grown into a major job center, with MacDill Air Force Base, the University of South Florida, healthcare, and finance driving demand. As a result, rents have supported solid cash flow across many neighborhoods, although waterfront and flood-zone properties carry higher insurance costs. Meanwhile, areas such as Seminole Heights and Brandon offer different price points. Therefore, an insurance-aware DSCR loan helps investors compare deals on the real payment.
Jacksonville
Jacksonville stands out for affordability, with prices well below South Florida and rents that follow job growth in logistics, banking, healthcare, and the military. Naval Air Station Jacksonville and Naval Station Mayport add steady tenant demand. Consequently, many single-family rentals clear a 1.0x DSCR with room to spare. Even so, coastal and riverfront homes carry flood considerations. DSCR loans therefore suit investors building portfolios here, one LLC property at a time.
Fort Lauderdale
Fort Lauderdale combines Port Everglades, a large boating industry, and beaches that draw visitors year-round. Therefore, waterfront condos and canal homes attract both seasonal and long-term renters. However, insurance and association costs are significant, so careful underwriting matters. In addition, vacation rentals face city and condo rules that vary by building. A flexible DSCR floor and real insurance quotes help investors judge these deals before they commit.
St. Petersburg
St. Petersburg offers a walkable downtown, a thriving arts scene, and beaches nearby, so both residents and visitors keep rentals full. However, recent storms have put flood-zone status and roof age in the spotlight. Consequently, insurance quotes shape the payment more here than in inland markets. Still, strong demand supports healthy rents. DSCR loans fit, because we underwrite the real premium for the address instead of an average, which keeps the ratio honest.
Cape Coral
Cape Coral’s extensive canal network makes boating-oriented homes a staple. Since Hurricane Ian in 2022, many properties have been rebuilt or elevated, which can improve insurability. Meanwhile, snowbirds and seasonal visitors support short-term and seasonal rentals. Therefore, DSCR financing works well, because seasonal leases and documented vacation income can qualify, while rebuilt homes can earn stronger rents.
Sarasota
Sarasota blends Gulf beaches, Siesta Key, the arts, and an affluent retiree base, so seasonal demand peaks from winter into spring. Consequently, furnished and seasonal rentals perform well, while mainland neighborhoods offer steadier annual leases. Prices run higher than in many Florida cities, so ratios are tighter. Therefore, a 0.75x floor and up to 85% leverage can make quality properties workable, especially when documented seasonal income supports the deal.
Tallahassee
Tallahassee depends on state government, Florida State University, Florida A&M University, and its healthcare employers. Student leases drive a predictable August cycle, while government jobs steady year-round tenants. Prices are moderate, and the city sits inland, so insurance often runs lower than on the coast. As a result, ratios can look healthier. DSCR loans therefore suit investors who prefer straightforward long-term-lease deals.
Kissimmee
Kissimmee sits minutes from the Orlando-area theme parks, so vacation-home communities and pool homes dominate the rental scene. Consequently, short-term rentals can earn strong nightly rates, although occupancy swings with the travel calendar. In addition, resort-style communities often charge HOA fees, so the payment runs higher. DSCR loans fit well, because documented Airbnb or Vrbo income and a 0.75x floor handle that seasonality, provided zoning and HOA rules allow rentals.
We are funding DSCR loans all over Florida. If your city is not listed here, we still fund in that city, so please call us or submit the application.
Answers
Florida DSCR Loan FAQs
What is a DSCR loan, and how does it work for a Florida rental?
A DSCR loan qualifies you on the property instead of your paycheck. Specifically, we divide monthly rent by the monthly payment, which includes principal, interest, taxes, insurance, and any HOA dues. For example, $3,000 in rent against a $3,000 payment produces a 1.00x ratio. Since Florida insurance and condo dues can be large, they influence that calculation heavily.
How does Florida’s insurance cost affect my DSCR?
Insurance counts as part of the monthly payment, so a high premium lowers your ratio directly. For instance, an extra $200 a month in premium can push a borderline DSCR well below 1.0x. Therefore, we use a realistic carrier quote for the address, accounting for roof age, wind mitigation, and flood zone. Meanwhile, you can often improve the ratio by comparing carriers or documenting mitigation features.
Can I buy a condo in a building affected by SB 4-D?
Often, yes. We review condos case by case, looking at the building’s milestone inspection, structural integrity reserve study, budget, and reserves. However, buildings with unresolved structural issues or underfunded reserves may not qualify. Consequently, request those documents early, since they affect both eligibility and the HOA dues in your DSCR.
Can short-term-rental income qualify, and do I need a license?
Yes. Documented Airbnb or Vrbo history, or a market-based nightly rate and occupancy projection, can qualify the loan. Additionally, Florida generally requires a state vacation rental license, and local rules and HOA documents may limit rentals. Therefore, confirm that the property may operate as a short-term rental before you buy.
How do Florida property taxes work for investors?
Rentals do not receive the homestead exemption, and assessments on non-homestead property can rise up to 10% a year, with some exceptions, before resetting to market value after a sale. Consequently, the seller’s old bill may understate yours. We estimate taxes on an investor basis, so your DSCR reflects the likely payment.
What DSCR ratio, down payment, and credit score do I need?
We accept a DSCR as low as 0.75x with reserves, and 1.0x or higher earns better pricing. Moreover, you can put 15% down for up to 85% LTV on a purchase, and a 620 credit score qualifies. Rates start at 5.75% for the strongest profiles. Since Florida insurance runs high, strong credit and larger reserves can offset a thin ratio.
Do hurricane season and flood zones affect closing?
They can. Insurers may pause new policies when a named storm approaches, and properties in high-risk flood zones need flood coverage that adds to the payment. As a result, start the insurance quote on day one, and tell your loan officer the flood zone. In short, early binding protects a 14-day closing.
Can I close in an LLC, and are foreign nationals eligible in Florida?
Yes to both. You can close in an LLC or other entity, and foreign nationals and first-time investors are welcome. Moreover, many international buyers use this program for Florida vacation rentals. Please consult an attorney or tax advisor about structure, since we do not give legal or tax advice.
© 2026 CambridgeHomeLoan.com · NMLS #1826020 · 4830 W Kennedy Blvd, Tampa, FL 33609 · (800) 826-5077 · Equal Housing Lender. DSCR loans are business-purpose loans for non-owner-occupied investment properties and are not available for primary residences. Rates, points, LTV, DSCR requirements, terms, and closing timelines are illustrative, subject to change without notice, and subject to borrower, property, and deal qualification and underwriting approval. “Rates from 5.75%,” “up to 85% LTV,” “DSCR floor of 0.75x,” and “14-day closings” reflect the strongest profiles and are not a quote or commitment to lend. Florida insurance availability and pricing, flood-zone requirements, condominium (SB 4-D) review, short-term-rental licensing, and property-tax rules vary by property and municipality and change over time; borrowers remain responsible for confirming and maintaining all required licenses, registrations, and coverage. City population figures are rounded approximations based on recent U.S. Census data, and climate and market descriptions are general observations for illustration only; they are not property-specific advice. Illustrations on this page are artwork and do not depict specific properties. This page is informational and does not constitute financial, legal, tax, or insurance advice.