Florida DSCR Loans
Rental financing that qualifies on the property’s income, not your tax returns – and underwriting that actually understands Florida insurance. We quote off a real carrier estimate for the address, not a statewide guess, so your DSCR is accurate from the first conversation. A 0.75x DSCR floor, rates from 5.75%, and up to 85% LTV on purchase.
- DSCR floor of 0.75x, with reserves – lower than most DSCR programs require
- Up to 85% LTV on purchase · FICO from 620
- Long-term rent or documented short-term-rental income can qualify the loan
- Condos, mixed-use, and SB 4-D value-add buildings considered
- Fast 14-day closings · no-seasoning cash-out · foreign nationals & first-time investors welcome, close in an LLC
- Tell us about the propertyAddress, rent (long-term or STR), and purchase price or value.
- Get a real insurance-based quotePriced off an actual carrier estimate for that address.
- Close in as fast as 14 daysSmooth processing, no personal income documentation.
Florida DSCR Loans at a Glance
- DSCR floor: 0.75x, with reserves – a lower bar than the 1.0x-1.25x floor most DSCR lenders require.
- Leverage: Up to 85% LTV on purchase.
- Credit: FICO from 620 accepted.
- Rate: From 5.75%.
- Qualifying income: Long-term rent or documented short-term-rental (Airbnb/Vrbo) income can qualify the loan.
- Property types: Condos, mixed-use, and SB 4-D value-add buildings considered – not just standard single-family rentals.
- Speed: Fast 14-day closings with smooth processing and expert support.
- Seasoning: No-seasoning options – buy or cash-out refinance with no waiting period.
- Borrower flexibility: Foreign nationals and first-time investors welcome, and you can close in an LLC.
- Quote: Free – we never pull your credit just to see the numbers.
- Underwriting: Insurance-aware – we quote off a real carrier estimate for the address, not a statewide guess.
- Lender: CambridgeHomeLoan.com – direct lender since 1998, NMLS #1826020.
What sets us apart
Insurance-aware underwriting for Florida property
Property insurance is often the single biggest wildcard in a Florida rental deal – and the number most DSCR lenders get wrong. Plenty of programs run your DSCR off a rough statewide insurance estimate that has nothing to do with the actual roof age, construction type, wind mitigation features, or flood zone of your specific address. That guess can quietly sink a deal that would have qualified, or approve one that shouldn’t have.
We do it differently. Before we finalize your DSCR, we pull a real carrier estimate for the actual property address – accounting for things like a four-point inspection, wind mitigation credits, roof age, and flood zone designation – so the number driving your approval reflects what you’ll actually pay, not a county-wide average. That matters everywhere in Florida, but especially in coastal and condo markets where insurance can swing loan qualification by tens of thousands of dollars in loan amount.
Eligible properties
Florida rental properties we finance
From a straightforward single-family rental to a condo in a building working through SB 4-D compliance, we look at the deal on its merits:
Single-Family Rentals
Long-term or short-term rental homes, financed on the property’s income.
Condos
Standard and SB 4-D value-add condo units considered case by case.
Mixed-Use
Buildings combining ground-floor commercial with residential rental units above.
SB 4-D Value-Add Buildings
Older condo buildings addressing SB 4-D structural and reserve requirements, evaluated deal by deal.
DSCR financing
What is a DSCR loan?
DSCR stands for debt service coverage ratio – the property’s monthly rental income divided by its monthly loan payment (principal, interest, taxes, insurance, and HOA if applicable). A DSCR loan qualifies you on that ratio instead of your personal income, tax returns, or employment history, which makes it the standard financing tool for real estate investors who don’t want their portfolio’s growth capped by what a W-2 or a Schedule C can support.
Most DSCR lenders require a ratio of 1.0x or higher – meaning the rent has to fully cover the payment – and some require 1.15x or 1.25x for their best pricing. We accept a DSCR floor as low as 0.75x, with reserves, which opens the door to deals in appreciating but not-yet-cash-flowing markets, value-add properties still ramping up rent, and short-term rental units where seasonal income needs a little more underwriting flexibility. Long-term lease income or documented short-term-rental income – such as Airbnb or Vrbo platform history or a market rent schedule – can both be used to qualify.
| DSCR floor | 0.75x, with reserves |
| Leverage | Up to 85% LTV on purchase |
| Credit | FICO from 620 accepted |
| Rate | From 5.75% |
| Qualifying income | Long-term rent, or documented short-term-rental income |
| Property types | SFRs, condos, mixed-use, and SB 4-D value-add buildings considered |
| Seasoning | No-seasoning options – buy or cash-out refinance with no waiting period |
| Borrower | Individual, LLC, or entity · foreign nationals and first-time investors welcome |
Programs
Florida DSCR loan programs
The same insurance-aware DSCR underwriting supports several ways to buy, refinance, or scale a Florida rental portfolio:
Purchase
Buy a long-term or short-term rental property, qualified on projected or in-place rental income.
No-Seasoning Cash-Out
Refinance and pull cash out right after purchase or renovation, without waiting out a standard seasoning period.
Short-Term Rental Qualification
Use documented short-term-rental income, not just a long-term lease, to qualify the property.
Condo & SB 4-D Buildings
Financing for condo units, including buildings working through SB 4-D structural and reserve compliance.
Free tool
Florida DSCR calculator (insurance-aware)
Unlike a generic DSCR calculator, this one asks for your actual estimated insurance premium separately from taxes and HOA, so you can see how much insurance is really driving your ratio – which matters more in Florida than almost anywhere else. Enter your numbers to estimate your loan amount, payment, and DSCR. Illustrative only; your real quote uses an actual carrier estimate for the address.
Your property
Illustrative only; not a commitment to lend. A DSCR of 1.00x or higher means rent fully covers the payment; between 0.75x and 1.00x can still qualify with reserves. Excludes closing costs. The interest rate and insurance figure are example inputs – your actual quote uses a real carrier estimate for your property’s address.
How we compare
CambridgeHomeLoan vs. typical Florida DSCR lenders
Many DSCR lenders active in Florida use a flat, statewide insurance assumption to run your numbers, require a full 1.0x DSCR, and pull your credit before they’ll even give you a ballpark quote. Here is how our program typically differs. Where we lead, it is highlighted.
| Feature | CambridgeHomeLoan | Typical Florida DSCR Lenders |
|---|---|---|
| Insurance in the quote | Real carrier estimate for the address | Statewide or regional guess |
| DSCR floor | 0.75x, with reserves | Often 1.0x-1.25x minimum |
| Quote process | No credit pull to quote | Often requires a credit pull upfront |
| Qualifying income | Long-term rent or documented STR income | Often long-term lease only |
| Seasoning | No-seasoning cash-out available | Often a 6-12 month wait |
| Condo & SB 4-D buildings | Considered case by case | Frequently declined outright |
| Time to close | As fast as 14 days | Often 21-45+ days |
Typical-lender column is a generic composite of commonly seen terms as of 2026, subject to change, and does not describe any specific lender. For general comparison only.
Local markets
Florida DSCR loans by city
Rent, insurance costs, and DSCR all move together differently depending on the market – a Miami condo, a Tallahassee single-family rental, and a Cape Coral short-term rental all carry very different insurance profiles and cash-flow math. Here is a snapshot of what we typically see in some of the state’s most active rental markets:
Miami
Strong rents and international demand, though condo insurance and association assessments make insurance-aware underwriting especially valuable here.
Orlando
A mix of long-term rental demand from population growth and short-term-rental income near the theme-park corridor, both eligible to qualify a loan.
Tampa
Rising rents and strong appreciation support solid DSCR ratios, particularly on properties purchased before the recent run-up in value.
Jacksonville
Comparatively affordable purchase prices relative to rent make it one of the easier markets in the state to clear a 1.0x DSCR outright.
Fort Lauderdale
A strong waterfront and condo rental market where accurate, address-specific insurance quoting can materially change loan qualification.
St. Petersburg
Ongoing downtown redevelopment supports strong rents on renovated and new-construction rental units alike.
Naples
A premium long-term and short-term rental market, where higher insurance costs are best addressed with a real carrier-based quote rather than a guess.
Sarasota
Barrier-island and mainland rentals both perform well here, with STR income commonly used to qualify island properties.
West Palm Beach
Continued relocation into the area supports strong long-term rents, while condo and mixed-use properties benefit from case-by-case underwriting.
Fort Myers
An active rental and short-term-rental market, with rebuilt and renovated properties frequently qualifying under the 0.75x DSCR floor.
Tallahassee
Steady, less seasonal rental demand tied to state government and university employment supports consistent long-term-lease DSCR deals.
Cape Coral
A high-volume short-term-rental market where documented Airbnb and Vrbo income is regularly used to qualify canal-front properties.
We are serving all over Florida – if your city is not listed here, please call to discuss or submit the application so that we can check.
How it works
Get your Florida DSCR loan in three steps
Get a free quote
Share the property address, its rent (long-term or STR), and purchase price or value – no credit pull required.
Get real, insurance-based numbers
We price your DSCR off an actual carrier estimate for that address, not a statewide average.
Close in as fast as 14 days
Smooth processing and expert support carry you from term sheet to funding quickly.
Requirements
Florida DSCR loan requirements
| Down payment / equity | As little as 15% (up to 85% LTV on purchase) |
| Credit | 620+ FICO accepted |
| DSCR | 0.75x floor, with reserves; no personal income or employment verification |
| Qualifying income | Long-term lease, or documented short-term-rental (Airbnb/Vrbo) income |
| Property types | SFRs, condos, mixed-use, and SB 4-D value-add buildings considered |
| Seasoning | No-seasoning options for purchase or cash-out refinance |
| Vesting | Individual, LLC, or entity · foreign nationals and first-time investors welcome |
Answers
Florida DSCR loan FAQ
What is a DSCR loan?
A DSCR loan qualifies you on the property’s debt service coverage ratio – its rental income divided by its total monthly payment – instead of your personal income or tax returns. It’s the standard financing tool for real estate investors who want their portfolio to grow based on the deals themselves, not what a W-2 or Schedule C shows.
What does a 0.75x DSCR floor actually mean?
DSCR compares rental income to the monthly payment: a ratio of 1.00x means rent exactly covers the payment, and higher is stronger. Most DSCR lenders require at least 1.0x, and many require 1.15x-1.25x for their best pricing. We accept a floor as low as 0.75x, with reserves, meaning a property whose rent covers 75% of the payment can still qualify – useful for value-add properties, ramping short-term rentals, or strong-appreciation markets where cash flow hasn’t caught up to price yet.
Why does insurance-aware underwriting matter so much in Florida?
Insurance is often the largest and most unpredictable line item in a Florida rental’s monthly payment, varying enormously by roof age, construction type, wind mitigation features, flood zone, and even the specific insurance carrier. Lenders that quote off a statewide or countywide insurance guess can misprice your DSCR in either direction. We pull a real carrier estimate for your specific address before finalizing your quote, so your DSCR – and your approval – reflects reality.
Can short-term rental (Airbnb/Vrbo) income qualify the loan?
Yes. Documented short-term-rental income – platform earnings history, or a market-based nightly rate and occupancy projection where the property is new to renting – can be used to qualify a DSCR loan, alongside or instead of a traditional long-term lease.
What is a “no-seasoning” cash-out refinance?
Seasoning refers to the waiting period some lenders require after you purchase or renovate a property before they’ll let you refinance and pull cash out – often six to twelve months. Our no-seasoning options let you refinance and access equity right away, which matters if you’re recycling capital into your next purchase quickly.
Are condos and SB 4-D buildings eligible?
Yes. We consider condos, mixed-use buildings, and units in buildings working through Florida’s SB 4-D structural inspection and reserve funding requirements on a case-by-case basis, rather than declining them automatically the way many lenders do.
Can foreign nationals and first-time investors qualify, and can I close in an LLC?
Yes to both. Foreign nationals and first-time real estate investors are welcome on our DSCR program, and you can close in an LLC or other entity rather than your individual name.
Does getting a quote affect my credit?
No. We never pull your credit just to give you numbers. You can see your estimated rate, leverage, and DSCR based on the property and your inputs before any credit inquiry happens.
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© 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 other figures reflect the strongest profiles and are not a quote or commitment to lend. Insurance estimates are based on a carrier quote for the specific property at the time of underwriting and are subject to change based on carrier availability and market conditions. SB 4-D building eligibility and short-term-rental income qualification are evaluated case by case. Calculator results are illustrative and exclude closing costs. Comparison figures are generic market composites for illustration only and are not the terms of, or an endorsement of or by, any specific lender. City descriptions are general market observations for illustration only and 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.