CambridgeHomeLoan.com Florida DSCR Loans – Up to 85% LTV·Rates from 5.75%·No Credit Pull to Quote
Florida DSCR Lender · Direct Lender Since 1998 · NMLS #1826020

Florida DSCR Loans

Buy, refinance and scale Florida rentals on the property’s rent, not your tax returns. Every quote is built on a real insurance estimate for the address, not a statewide guess, so your numbers are accurate from the very first call. Up to 85% LTV, rates from 5.75%, and a 0.75x DSCR floor that keeps more deals alive.

  • 0.75x DSCR floor with reserves – well below the 1.0x-1.25x most programs demand
  • Up to 85% LTV on purchase · FICO from 620
  • Airbnb & Vrbo income counts – qualify on long-term rent or documented short-term-rental income
  • Condos, mixed-use & SB 4-D value-add buildings considered, not just standard rentals
  • Close in 14 days · no-seasoning cash-out · LLC, foreign nationals & first-time investors welcome
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We never pull your credit just to see numbers · same-day term sheet.
  • 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.
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0.75xDSCR Floor
85%Max LTV (Purchase)
5.75%Rates From
620+FICO Accepted
14 DaysClose
No PullTo Quote

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.

DSCR financing

What is a DSCR loan?

DSCR stands for debt service coverage ratio. It measures whether a rental property earns enough income to cover its own debt. A DSCR loan qualifies you on that ratio instead of your personal income, tax returns, W-2s or employment history. That makes it the standard financing tool for investors whose tax returns understate their real earning power, or who simply do not want their portfolio’s growth capped by a Schedule C.

DSCR = Monthly rental income ÷ Monthly PITIAPITIA = principal, interest, property taxes, insurance, and HOA dues (if any).

A DSCR of 1.00x means rent exactly covers the payment. Above 1.00x, the property pays for itself with room to spare. Below 1.00x, the owner covers a gap out of pocket. Most DSCR lenders want 1.0x or higher, and some require 1.15x or 1.25x for their best pricing. We accept a floor as low as 0.75x, with reserves, which opens the door to appreciating markets that have not caught up on rent, value-add buildings still ramping up, and short-term rentals with seasonal income.

A quick example

A Florida condo rents for $2,650 a month. After a 5% vacancy allowance, effective rent is about $2,518. Total PITIA (loan payment, taxes, insurance and HOA) is $2,400. DSCR = 2,518 ÷ 2,400 = 1.05x. The property qualifies on its own income with no personal income documentation.

Why insurance changes the math

In Florida, insurance can be the largest line in PITIA. If the premium is $200 a month higher than a lender assumed, the same property drops from 1.05x to roughly 0.97x. That is why we use a real carrier estimate for the address.

Who DSCR loans are for

Self-employed investors, owners with heavy write-offs, retirees, foreign nationals, and anyone scaling past the 10-loan limit common on conventional financing. Loans are business-purpose and for non-owner-occupied property only.

What you do not need

No W-2s, pay stubs, tax returns, or employment verification. Qualification centers on the property’s rent, your credit profile, your equity, and your reserves.

DSCR floor0.75x, with reserves
LeverageUp to 85% LTV on purchase
CreditFICO from 620 accepted
RateFrom 5.75%
Qualifying incomeLong-term rent, or documented short-term-rental income
Property typesSFRs, condos, mixed-use, and SB 4-D value-add buildings considered
SeasoningNo-seasoning options – buy or cash-out refinance with no waiting period
BorrowerIndividual, LLC, or entity · foreign nationals and first-time investors welcome
See what your Florida rental qualifies forFree quote · no credit pull required.
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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. Many 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 address. That guess can quietly sink a deal that would have qualified, or approve one that should not have.

We do it differently. Before we finalize your DSCR, we pull a real carrier estimate for the actual address, accounting for the four-point inspection, wind mitigation credits, roof age and flood zone. The number driving your approval reflects what you will actually pay. That matters everywhere in Florida, especially in coastal and condo markets where insurance can swing qualification by tens of thousands of dollars in loan amount.

✓ Real insurance quoted, not guessed✓ Rates from 5.75%✓ Up to 85% LTV✓ FICO 620+✓ No credit pull to quote✓ Close in 14 days
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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

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.

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Programs

Florida DSCR loan programs

The same insurance-aware DSCR underwriting supports several ways to buy, refinance, or scale a Florida rental portfolio:

Purchase

Up to 85% LTV

Buy a long-term or short-term rental, qualified on projected or in-place rental income.

No-Seasoning Cash-Out

No waiting period

Refinance and pull cash out right after purchase or renovation, without a standard seasoning period.

Short-Term Rental

Airbnb / Vrbo income

Use documented short-term-rental income, not just a long-term lease, to qualify the property.

Condo & SB 4-D

Case-by-case review

Financing for condo units, including buildings working through SB 4-D structural and reserve compliance.

Eligibility & requirements

Eligibility and requirements for DSCR loans in Florida

DSCR underwriting looks at three things: the property, the borrower, and the deal. Here is what we typically look for on a Florida DSCR loan. Final terms depend on the full file.

Borrower eligibility

  • FICO of 620 or higher; higher scores earn better pricing
  • Individuals, LLCs, corporations and other entities may borrow
  • Foreign nationals and first-time investors welcome
  • Valid ID, and entity documents if closing in an LLC

Property eligibility

  • Non-owner-occupied, business-purpose investment property
  • SFRs, condos, townhomes, 2-4 unit and mixed-use properties
  • SB 4-D value-add buildings reviewed case by case
  • Short-term rentals with documented income

Deal eligibility

  • DSCR of 0.75x or higher, with reserves
  • Up to 85% LTV on purchase
  • Purchase or no-seasoning cash-out refinance
  • A real carrier insurance estimate for the address
Down payment / equityAs little as 15% (up to 85% LTV on purchase)
Credit620+ FICO accepted
DSCR0.75x floor, with reserves; no personal income or employment verification
ReservesRequired, with the amount depending on DSCR, leverage and credit profile. Ask for your specific figure on the term sheet.
Rental income proofLease agreement or market rent appraisal; Airbnb/Vrbo history or projection for short-term rentals
Property documentsPurchase contract, insurance quote, and condo or HOA documents where applicable
AppraisalRequired, including a market rent schedule
SeasoningNo-seasoning options for purchase or cash-out refinance
VestingIndividual, LLC, or entity
Not eligiblePrimary residences and second homes for personal use

Requirements shown reflect our strongest profiles and may vary by property, borrower and market conditions.

Free tool

Florida DSCR calculator (insurance-aware)

This calculator asks for your estimated insurance premium separately from taxes and HOA, so you can see how much insurance drives your ratio. Illustrative only; your real quote uses an actual carrier estimate for the address.

Your property

Estimated loan amount–
Monthly principal & interest–
Total monthly payment (PITIA)–
DSCR–
Cash flow after debt (monthly)–
Get my real quote →

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. Rate and insurance are example inputs.

How we compare

CambridgeHomeLoan vs. typical Florida DSCR lenders

Many DSCR lenders use a flat, statewide insurance assumption, require a full 1.0x DSCR, and pull your credit before giving a ballpark quote. Here is how our program typically differs.

FeatureCambridgeHomeLoanTypical Florida DSCR Lenders
Insurance in the quoteReal carrier estimate for the addressStatewide or regional guess
DSCR floor0.75x, with reservesOften 1.0x-1.25x minimum
Quote processNo credit pull to quoteOften requires a credit pull upfront
Qualifying incomeLong-term rent or documented STR incomeOften long-term lease only
SeasoningNo-seasoning cash-out availableOften a 6-12 month wait
Condo & SB 4-D buildingsConsidered case by caseFrequently declined outright
Time to closeAs fast as 14 daysOften 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.

See your real numbers, not a guessFree quote – we never pull your credit to give you one.
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How it works

Florida DSCR loan process: 6 steps from application to funding

Our process is built to be fast and predictable. Here is exactly what happens at each stage and what we may ask of you.

1

Submit your application

Complete our short online application or call us. Share the property address, purchase price or value, expected rent (long-term lease or short-term-rental history), and whether this is a purchase or cash-out refinance. No credit pull is needed to get your first quote.

2

We review your application

A loan officer reviews your scenario the same day. We check the property type, estimated DSCR, leverage and borrower profile, and flag anything that needs attention early, such as a condo project question or an insurance concern, so there are no surprises later.

3

We underwrite the deal

Underwriting verifies the numbers. We order the appraisal and market rent schedule, obtain a real carrier insurance estimate for the address, review the entity and ID documents, and calculate your final DSCR using actual taxes, insurance and HOA dues.

4

Deal sent to you for review

We send you the full terms for review: rate, loan amount, leverage, DSCR, reserves, fees and closing costs. Your loan officer walks you through each line and answers questions, so you can approve with confidence or adjust the structure.

5

Sign the deal

Once you approve, we issue final loan documents. You review and e-sign, and any entity or title requirements are completed with the title company. We coordinate with your agent, attorney and title company to keep your closing date on track.

6

Funding

After final conditions are cleared, the loan funds and you get the keys or your cash-out proceeds. Many Florida DSCR loans close in as little as 14 days. Afterward, we stay available for your next purchase or refinance.

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Local markets

Florida DSCR loans by city

Each Florida market has its own climate, economy and rental profile, and those factors affect rent, insurance and DSCR. Below is a market guide for 20 cities we serve, followed by how our DSCR program applies there.

MiamiOrlandoTampaJacksonvilleFort LauderdaleSt. PetersburgNaplesSarasotaWest Palm BeachFort MyersTallahasseeCape CoralGainesvillePensacolaOcalaClearwaterLakelandDaytona BeachPort St. LucieHollywood

Miami, Florida

Climate & population: Miami has a tropical climate with hot, humid summers, a wet season from roughly May to October, and mild, dry winters. Hurricane season runs June 1 to November 30. The city has roughly 450,000 residents, and the wider metro area is above 6 million.

Schools & colleges: Higher education includes the University of Miami in Coral Gables, Florida International University and Miami Dade College. Public schools are run by Miami-Dade County Public Schools, one of the largest districts in the country.

Major employers: Employment is driven by trade, tourism, healthcare and finance. Port Miami, Miami International Airport, Baptist Health South Florida, Jackson Health System, and the headquarters of Carnival Corporation and Royal Caribbean are among the area’s significant employers.

Shopping & attractions: Shopping centers include Aventura Mall, Dadeland Mall, Dolphin Mall and Brickell City Centre. Attractions include South Beach, the Wynwood Walls, Vizcaya Museum and Gardens, Little Havana and Bayside Marketplace.

Communities & investment areas: Popular areas for renters and investors include Brickell, Edgewater, Wynwood, Midtown, Coconut Grove and Little Havana. Condo towers dominate downtown and the waterfront, while single-family homes are found farther inland.

Real estate & rental market: Miami is known for high purchase prices relative to rent, a large share of condominiums, and notable international buyer activity. Association dues and insurance costs weigh heavily on investor cash flow, which makes accurate DSCR underwriting important.

DSCR loans in Miami: We finance Miami investment properties on the rent they earn, with no tax returns required. We review condo documents early, use a carrier insurance estimate for the address, and welcome LLC and foreign national borrowers.

Orlando, Florida

Climate & population: Orlando has hot, humid summers with frequent afternoon thunderstorms and mild winters. Hurricane season runs June to November. The city has roughly 320,000 residents, and the metro area has about 2.8 million.

Schools & colleges: The University of Central Florida is one of the largest universities in the country by enrollment. Rollins College in Winter Park and Valencia College also serve the area, along with Orange County Public Schools.

Major employers: Tourism and hospitality are central, with Walt Disney World and Universal Orlando among the largest employers. Healthcare systems such as AdventHealth and Orlando Health, along with Lockheed Martin and the Darden Restaurants headquarters, add diversity.

Shopping & attractions: The Mall at Millenia, The Florida Mall and Orlando Premium Outlets draw shoppers. Attractions include Walt Disney World, Universal Orlando, SeaWorld Orlando, Lake Eola Park and the Kia Center.

Communities & investment areas: Investor-popular areas include Lake Nona, Winter Park, Baldwin Park, Thornton Park, College Park and nearby Kissimmee and Winter Garden. Newer master-planned communities sit alongside older urban neighborhoods.

Real estate & rental market: Orlando has a large rental population tied to the workforce and visitor economy. Properties near attractions are often considered for short-term rental, though zoning and HOA rules vary and should be confirmed before purchase.

DSCR loans in Orlando: We can qualify an Orlando loan using a lease or documented short-term-rental income, with up to 85% LTV on purchase and no credit pull for the quote.

Tampa, Florida

Climate & population: Tampa has hot, humid summers, frequent summer thunderstorms and mild winters. Hurricane season runs June to November. The city has roughly 400,000 residents, and the Tampa Bay metro area has more than 3 million.

Schools & colleges: The University of South Florida, the University of Tampa and Hillsborough Community College anchor higher education. Hillsborough County Public Schools serves the area.

Major employers: MacDill Air Force Base, Tampa General Hospital, BayCare, Moffitt Cancer Center, the Port of Tampa Bay and a large financial and professional services sector are significant employers.

Shopping & attractions: International Plaza, WestShore Plaza and Hyde Park Village are major shopping destinations. Attractions include Busch Gardens, the Florida Aquarium, the Tampa Riverwalk, Ybor City and Raymond James Stadium.

Communities & investment areas: Investors look at South Tampa, Seminole Heights, Hyde Park, Channelside, Westchase and suburban Brandon and Riverview. Each offers a different mix of property types and tenant profiles.

Real estate & rental market: Tampa has seen strong population growth and rising rents over recent years. Many owners have substantial equity, which makes cash-out refinancing a common strategy for funding additional purchases.

DSCR loans in Tampa: Our no-seasoning cash-out refinance lets Tampa investors access equity right after a purchase or renovation, with address-specific insurance estimates that include flood zone and roof details.

Jacksonville, Florida

Climate & population: Jacksonville has a humid subtropical climate with hot, wet summers and mild winters. The city is the most populous in Florida, with roughly 950,000 residents and a metro area of about 1.6 million.

Schools & colleges: The University of North Florida, Jacksonville University and Florida State College at Jacksonville serve students. Duval County Public Schools is the main public district.

Major employers: Major employers include Naval Air Station Jacksonville, Naval Station Mayport, Baptist Health, Mayo Clinic, Florida Blue, Fidelity National Financial, CSX and Jacksonville’s port and logistics sector.

Shopping & attractions: St. Johns Town Center and The Avenues Mall are leading retail destinations. Attractions include the Jacksonville beaches, Riverside Park, the Jacksonville Zoo and Gardens and EverBank Stadium.

Communities & investment areas: Investor-popular areas include Mandarin, San Marco, Riverside and Avondale, the Southside, Springfield and neighboring Orange Park. Many are single-family neighborhoods suited to long-term tenants.

Real estate & rental market: Jacksonville is generally known for lower purchase prices than South Florida, which can make rent-to-price ratios more favorable. Military and healthcare employment supports steady rental demand.

DSCR loans in Jacksonville: We structure Jacksonville purchases and refinances property by property, with a 0.75x DSCR floor, FICO from 620 and LLC vesting, so portfolio growth is not limited by personal income.

Fort Lauderdale, Florida

Climate & population: Fort Lauderdale has a tropical climate with hot, humid summers and warm winters. Hurricane season runs June to November. The city has roughly 185,000 residents, within a Broward County population of about 2 million.

Schools & colleges: Higher education options include Broward College, Nova Southeastern University in nearby Davie and Florida Atlantic University’s Broward campuses. Broward County Public Schools is the main district.

Major employers: Port Everglades, Fort Lauderdale-Hollywood International Airport, Broward Health, the marine industry and tourism are major employers.

Shopping & attractions: The Galleria at Fort Lauderdale, Las Olas Boulevard and nearby Sawgrass Mills offer shopping. Attractions include Fort Lauderdale Beach, the Riverwalk, Bonnet House Museum and the city’s extensive canals.

Communities & investment areas: Investor-popular areas include Victoria Park, Las Olas Isles, Rio Vista, Flagler Village and neighboring Wilton Manors. Waterfront homes and condos are common.

Real estate & rental market: The market blends waterfront condos, single-family homes and small multifamily buildings. Insurance, flood zones and, for older condos, SB 4-D requirements can influence both price and rental returns.

DSCR loans in Fort Lauderdale: We evaluate condo and mixed-use buildings deal by deal, including SB 4-D status, and use a real carrier estimate for each Fort Lauderdale address.

St. Petersburg, Florida

Climate & population: St. Petersburg is known for its sunny weather, with hot, humid summers and mild winters. Hurricane season runs June to November. The city has roughly 260,000 residents.

Schools & colleges: Higher education includes the University of South Florida St. Petersburg, Eckerd College, St. Petersburg College and Stetson University College of Law. Pinellas County Schools serves the city.

Major employers: Raymond James Financial, Jabil, Bayfront Health and Pinellas County government are among the area’s notable employers, along with a growing marine and technology sector.

Shopping & attractions: Attractions include The Dalí Museum, the St. Pete Pier, the Museum of Fine Arts, Fort De Soto Park and a walkable downtown. Shopping includes Tyrone Square Mall and Sundial St. Pete.

Communities & investment areas: Investor-popular areas include Old Northeast, Downtown, the Grand Central District, Snell Isle, Historic Kenwood and Shore Acres.

Real estate & rental market: Renovated bungalows, townhomes and condos attract rental demand, and many investors pursue value-add projects. Flood zone and elevation strongly affect insurance cost in many neighborhoods.

DSCR loans in St. Petersburg: Value-add investors can pair a purchase loan with a no-seasoning cash-out refinance after renovation, using our 0.75x floor with reserves while rent ramps up.

Naples, Florida

Climate & population: Naples has a warm subtropical climate with hot, wet summers and mild, dry winters, drawing seasonal residents. Hurricane season runs June to November. The city has roughly 20,000 residents, and Collier County has about 400,000.

Schools & colleges: Higher education includes Florida SouthWestern State College’s Collier campus and Ave Maria University, with Florida Gulf Coast University nearby in Fort Myers. Collier County Public Schools and private schools such as Community School of Naples and Seacrest Country Day serve families.

Major employers: Healthcare, led by NCH Healthcare System, along with hospitality, luxury retail, construction and real estate services, are key employers.

Shopping & attractions: Waterside Shops, Coastland Center, Fifth Avenue South and Third Street South are shopping and dining destinations. Attractions include the Naples Pier, Naples Botanical Garden and Naples Zoo.

Communities & investment areas: Investor-popular areas include Old Naples, Port Royal, Pelican Bay, Aqualane Shores and Vanderbilt Beach. Many properties are in HOA or club communities.

Real estate & rental market: Naples is a higher-priced market with significant seasonal occupancy and many second-home buyers. Larger loan amounts, HOA dues and insurance costs are central to investor returns.

DSCR loans in Naples: We structure larger Naples loans around actual HOA dues, taxes and insurance, with LLC closings and foreign national borrowers welcome.

Sarasota, Florida

Climate & population: Sarasota has a warm subtropical climate with hot, humid summers and mild winters. Hurricane season runs June to November. The city has roughly 55,000 residents and the metro area about 850,000.

Schools & colleges: Ringling College of Art and Design, New College of Florida, USF Sarasota-Manatee and State College of Florida serve students. Sarasota County Schools is the main district.

Major employers: Sarasota Memorial Health Care System, the school district, tourism, construction and a growing financial and professional services sector are leading employers.

Shopping & attractions: Attractions include Siesta Key Beach, the Ringling Museum, Mote Marine Laboratory and Aquarium, Marie Selby Botanical Gardens and St. Armands Circle. University Town Center is a major shopping destination.

Communities & investment areas: Investor-popular areas include Siesta Key, Lido Key, Downtown Sarasota, Gulf Gate and nearby Lakewood Ranch.

Real estate & rental market: Barrier-island properties often attract vacation renters, while mainland properties tend to rely on longer leases. Insurance, flood zones and association rules vary by property.

DSCR loans in Sarasota: We can use documented short-term-rental history or a market-based projection to qualify eligible Sarasota properties, verifying association rules first.

West Palm Beach, Florida

Climate & population: West Palm Beach has a tropical climate with hot, humid summers and warm winters. Hurricane season runs June to November. The city has roughly 125,000 residents, and Palm Beach County about 1.5 million.

Schools & colleges: Palm Beach Atlantic University and Palm Beach State College are located here, with Florida Atlantic University in nearby Boca Raton. The School District of Palm Beach County is the public system.

Major employers: Major employers include the School District of Palm Beach County, Florida Power & Light, area hospital systems, Palm Beach International Airport, and a large wealth management and professional services community.

Shopping & attractions: Clematis Street, Rosemary Square, the Norton Museum of Art and the Kravis Center are key destinations. The Palm Beach Outlets and the Mall at Wellington Green provide shopping.

Communities & investment areas: Investor-popular areas include Downtown, Northwood, El Cid, Flamingo Park and surrounding Palm Beach County suburbs.

Real estate & rental market: The market has seen relocation demand and price growth, which can compress rent-to-price ratios. Condos, townhomes and small multifamily properties are common investment types.

DSCR loans in West Palm Beach: When prices are high relative to rent, our 0.75x DSCR floor with reserves can make the difference, and condo and mixed-use properties get case-by-case underwriting.

Fort Myers, Florida

Climate & population: Fort Myers has a tropical climate with hot, wet summers and warm, dry winters, and hurricane season runs June to November. The city has roughly 95,000 residents, and Lee County about 800,000.

Schools & colleges: Florida Gulf Coast University, Florida SouthWestern State College and Hodges University serve the area. The School District of Lee County is the public system.

Major employers: Lee Health, the school district, tourism, construction and the headquarters of Chico’s FAS are among the area’s significant employers.

Shopping & attractions: Attractions include the Edison and Ford Winter Estates, Fort Myers Beach, JetBlue Park and access to Sanibel and Captiva islands. Shopping includes Bell Tower Shops, Edison Mall and Gulf Coast Town Center.

Communities & investment areas: Investor-popular areas include the Downtown River District, McGregor Boulevard corridor, Gateway and nearby Estero and Lehigh Acres.

Real estate & rental market: Many properties have been rebuilt or renovated in recent years. Updated roofs and elevation can improve insurance pricing, while seasonal demand supports both long-term and vacation rentals.

DSCR loans in Fort Myers: Properties still reaching full rent often fit our 0.75x DSCR floor with reserves, and a no-seasoning refinance can fund further improvements.

Tallahassee, Florida

Climate & population: Tallahassee is inland in the Panhandle region, with hot, humid summers, mild winters and occasional cold snaps. The city has roughly 200,000 residents.

Schools & colleges: Florida State University, Florida A&M University and Tallahassee State College are central to the city. Leon County Schools is the public district.

Major employers: State government is the largest employer, followed by FSU, FAMU, Tallahassee Memorial HealthCare and Capital Regional Medical Center.

Shopping & attractions: Attractions include the Florida State Capitol, Cascades Park, Doak Campbell Stadium, Wakulla Springs State Park and Mission San Luis. Governor’s Square and the Tallahassee Mall are the main malls.

Communities & investment areas: Investor-popular areas include Midtown, Southwood, Killearn, Frenchtown and neighborhoods near FSU and FAMU.

Real estate & rental market: Demand is steady and less seasonal, driven by students and government employment. Student-oriented properties can produce reliable lease income, and purchase prices are generally moderate.

DSCR loans in Tallahassee: We qualify Tallahassee rentals using a signed lease or appraisal rent schedule, with as little as 15% down on purchase and first-time investors welcome.

Cape Coral, Florida

Climate & population: Cape Coral has a tropical climate with hot, wet summers and warm winters. Hurricane season runs June to November. The city has roughly 210,000 residents.

Schools & colleges: Florida Gulf Coast University and Florida SouthWestern State College are nearby, and the School District of Lee County serves the city.

Major employers: Lee Health, the City of Cape Coral, the school district, construction and tourism-related businesses are major employers.

Shopping & attractions: The city is known for its extensive canal system and boating access. Attractions include Cape Coral Yacht Club Community Park, Four Mile Cove Ecological Preserve and Sun Splash Family Waterpark.

Communities & investment areas: Investor-popular areas include the Southwest Cape, the Yacht Club area, Pelican and the Northwest Cape, with canal and pool homes being popular.

Real estate & rental market: The market is active for seasonal and vacation rentals, and canal-front homes require careful attention to elevation and flood zone because insurance and risk vary widely.

DSCR loans in Cape Coral: Short-term-rental investors can qualify using documented Airbnb and Vrbo income, with address-specific insurance estimates and cash-out refinancing available to expand.

Gainesville, Florida

Climate & population: Gainesville is inland in North Central Florida, with hot, humid summers, mild winters and occasional cold snaps. The city has roughly 145,000 residents.

Schools & colleges: The University of Florida and Santa Fe College anchor the city. Alachua County Public Schools is the public district.

Major employers: The University of Florida, UF Health Shands Hospital, North Florida Regional Medical Center and the Malcom Randall VA Medical Center are major employers.

Shopping & attractions: Attractions include Ben Hill Griffin Stadium, the Florida Museum of Natural History, Paynes Prairie Preserve and Kanapaha Botanical Gardens. The Oaks Mall and Butler Plaza are major shopping areas.

Communities & investment areas: Investor-popular areas include Midtown near campus, Duckpond, Haile Plantation, Tioga and Northwest Gainesville.

Real estate & rental market: Rental demand is anchored by students, faculty and healthcare staff, with the academic calendar shaping leasing patterns.

DSCR loans in Gainesville: First-time investors are welcome. We qualify Gainesville loans on the lease or market rent schedule and use a real insurance estimate for the address.

Pensacola, Florida

Climate & population: Pensacola has a humid subtropical climate with hot summers, mild winters and white-sand Gulf beaches. Hurricane season runs June to November. The city has roughly 55,000 residents and the metro area about 500,000.

Schools & colleges: The University of West Florida, Pensacola State College and Pensacola Christian College are located here. Escambia County School District is the public system.

Major employers: Naval Air Station Pensacola, Navy Federal Credit Union, Baptist Health Care, Ascension Sacred Heart and the area’s tourism and military-support sectors are major employers.

Shopping & attractions: Attractions include Pensacola Beach, the National Naval Aviation Museum, Gulf Islands National Seashore, Palafox Street and the Blue Angels. Cordova Mall is the main shopping center.

Communities & investment areas: Investor-popular areas include East Hill, Cordova Park, Pensacola Beach, Perdido Key and neighboring Gulf Breeze.

Real estate & rental market: Lower prices than South Florida can support healthier rent-to-price ratios, while military demand supports steady leasing. Wind and flood insurance strongly affect property economics.

DSCR loans in Pensacola: We price Pensacola addresses with a carrier estimate reflecting roof age, wind mitigation and flood zone, with purchase loans up to 85% LTV.

Ocala, Florida

Climate & population: Ocala is inland, with hot, humid summers, mild winters and rolling terrain. The city has roughly 65,000 residents, and Marion County about 400,000.

Schools & colleges: The College of Central Florida is based here, and Marion County Public Schools serves the area. The University of Florida is a short drive away in Gainesville.

Major employers: AdventHealth Ocala, HCA Florida Ocala Hospital, Lockheed Martin, the school district, and the equestrian and logistics industries are significant employers.

Shopping & attractions: Attractions include the World Equestrian Center, Silver Springs State Park, Ocala National Forest and the historic downtown square. Paddock Mall is the main enclosed mall.

Communities & investment areas: Investor-popular areas include Downtown Ocala, Golden Ocala, On Top of the World and newer subdivisions across southwest and southeast Ocala.

Real estate & rental market: Ocala is often considered an affordable market with newer single-family inventory and steady in-migration, and inland location can mean more moderate insurance costs.

DSCR loans in Ocala: Buy an Ocala single-family rental with as little as 15% down, a 0.75x DSCR floor with reserves and rates from 5.75%.

Clearwater, Florida

Climate & population: Clearwater has hot, humid summers and mild winters, with Gulf beaches nearby. Hurricane season runs June to November. The city has roughly 120,000 residents.

Schools & colleges: St. Petersburg College’s Clearwater campus and nearby USF serve students. Pinellas County Schools is the public district.

Major employers: Morton Plant Hospital (BayCare), TD Synnex, Pinellas County government, and the tourism and hospitality sector are major employers.

Shopping & attractions: Attractions include Clearwater Beach, Pier 60, the Clearwater Marine Aquarium and BayCare Ballpark. Countryside Mall and nearby shopping districts serve residents.

Communities & investment areas: Investor-popular areas include Clearwater Beach, Island Estates, Countryside and Harbor Oaks.

Real estate & rental market: Beach-area condos and homes draw vacation renters, while mainland neighborhoods rely more on long-term tenants. Flood zone and association rules matter greatly.

DSCR loans in Clearwater: We review condo documents, insurance and rental history so your Clearwater DSCR holds up in underwriting.

Lakeland, Florida

Climate & population: Lakeland is inland in Central Florida with hot, humid summers and mild winters, and many lakes within the city. It has roughly 125,000 residents.

Schools & colleges: Florida Southern College, Southeastern University and Polk State College serve students. Polk County Public Schools is the public district.

Major employers: Publix Super Markets is headquartered here, along with Lakeland Regional Health, GEICO, logistics and distribution businesses, and the school district.

Shopping & attractions: Attractions include Lake Mirror Promenade, the Frank Lloyd Wright buildings at Florida Southern College, Circle B Bar Reserve and Joker Marchant Stadium. Lakeland Square Mall and Lakeside Village are the main shopping areas.

Communities & investment areas: Investor-popular areas include Dixieland, Lake Morton, South Lakeland and newer subdivisions along the I-4 corridor.

Real estate & rental market: Lakeland offers moderate prices between Tampa and Orlando, with steady demand from the logistics workforce and families.

DSCR loans in Lakeland: We finance each Lakeland property on its own income, helping you add rentals quickly with closings in as little as 14 days.

Daytona Beach, Florida

Climate & population: Daytona Beach has a humid subtropical climate with hot, wet summers and mild winters, along with long Atlantic beaches. Hurricane season runs June to November. The city has roughly 80,000 residents.

Schools & colleges: Embry-Riddle Aeronautical University, Bethune-Cookman University and Daytona State College are located here. Volusia County Schools is the public district.

Major employers: NASCAR is headquartered in Daytona Beach, alongside Embry-Riddle, Halifax Health, Volusia County government and tourism businesses.

Shopping & attractions: Attractions include Daytona International Speedway, the Boardwalk, Main Street Pier and events such as the Daytona 500 and Bike Week. Volusia Mall and Ocean Walk Shoppes are leading shopping spots.

Communities & investment areas: Investor-popular areas include the beachside area, Midtown, the Halifax Historic District and neighboring Ormond Beach and Port Orange.

Real estate & rental market: Event-driven tourism supports short-term rentals, and oceanfront condos have distinct association rules, insurance and flood considerations.

DSCR loans in Daytona Beach: We verify rental rules and association documents early, using documented Airbnb or Vrbo income for eligible Daytona Beach properties.

Port St. Lucie, Florida

Climate & population: Port St. Lucie on the Treasure Coast has a humid subtropical climate with hot, wet summers and mild winters. Hurricane season runs June to November. The city has roughly 240,000 residents.

Schools & colleges: Indian River State College serves students, and the St. Lucie County School District is the public system.

Major employers: Cleveland Clinic Martin Health, HCA Florida St. Lucie Hospital, the school district, construction and retail are significant employers.

Shopping & attractions: Attractions include Clover Park, Savannas Preserve State Park, the PGA Village and the Port St. Lucie Botanical Gardens. Tradition Square and Treasure Coast Square provide shopping.

Communities & investment areas: Investor-popular areas include Tradition, St. Lucie West, Gatlin and Southern Grove, much of it newer single-family housing.

Real estate & rental market: Rapid growth has added newer housing stock, and newer construction can see more favorable insurance pricing than older homes.

DSCR loans in Port St. Lucie: We qualify Port St. Lucie purchases with up to 85% LTV and FICO from 620, using an address-specific insurance estimate to calculate DSCR accurately.

Hollywood, Florida

Climate & population: Hollywood in Broward County has a tropical climate with hot, humid summers and warm winters, and hurricane season runs June to November. The city has roughly 155,000 residents.

Schools & colleges: Broward College and nearby Nova Southeastern University serve students. Broward County Public Schools is the public district.

Major employers: Memorial Healthcare System, the Seminole Hard Rock Hotel and Casino, Broward County government and nearby airport and port activity are major employers.

Shopping & attractions: Attractions include the Hollywood Beach Broadwalk, Young Circle ArtsPark, Anne Kolb Nature Center and the Seminole Hard Rock complex. Aventura Mall is a short drive away.

Communities & investment areas: Investor-popular areas include Hollywood Beach, Downtown Hollywood, Hollywood Lakes and Emerald Hills.

Real estate & rental market: Condos, small multifamily and single-family homes attract steady demand, but insurance and association costs can reduce rent coverage.

DSCR loans in Hollywood: Our 0.75x DSCR floor with reserves lets deals qualify when rent covers only part of the payment, with SB 4-D condos and mixed-use evaluated case by case.

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.

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City information is general and approximate, provided for illustration, and may change. It is not property-specific advice or a commitment to lend.

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 is the standard financing tool for investors who want their portfolio to grow based on the deals themselves.

What does a 0.75x DSCR floor actually mean?

A ratio of 1.00x means rent exactly covers the payment. Most DSCR lenders require at least 1.0x, and many require 1.15x-1.25x for 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. That is useful for value-add properties, ramping short-term rentals, or high-appreciation markets.

What are the requirements for a DSCR loan in Florida?

Typically a 620+ FICO, a down payment as low as 15% on purchase, a DSCR of 0.75x or higher with reserves, a non-owner-occupied investment property, rental income documentation, an appraisal, and a carrier insurance estimate. No W-2s or tax returns are required.

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 payment, varying by roof age, construction type, wind mitigation, flood zone and carrier. We pull a real carrier estimate for your address before finalizing your quote, so your DSCR reflects reality.

Can short-term rental (Airbnb/Vrbo) income qualify the loan?

Yes. Documented short-term-rental income, such as platform earnings history or a market-based nightly rate and occupancy projection, can be used alongside or instead of a traditional long-term lease.

How long does a Florida DSCR loan take to close?

As fast as 14 days. Timing depends on appraisal turnaround, insurance availability, title work and, for condos, the completeness of association documents.

What is a “no-seasoning” cash-out refinance?

Seasoning is a waiting period some lenders require after purchase or renovation before allowing a cash-out refinance, often six to twelve months. Our no-seasoning options let you access equity right away.

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.

Can foreign nationals and first-time investors qualify, and can I close in an LLC?

Yes to both. Foreign nationals and first-time investors are welcome, and you can close in an LLC or other entity.

Does getting a quote affect my credit?

No. We never pull your credit just to give you numbers.

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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. SB 4-D building eligibility and short-term-rental income qualification are evaluated case by case. Calculator results and examples are illustrative and exclude closing costs. Comparison figures are generic market composites and are not the terms of any specific lender. City descriptions are general market observations for illustration only and are not property-specific advice. This page is informational and does not constitute financial, legal, tax, or insurance advice.

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