DSCR Loans St. Petersburg, Florida
Finance a St. Petersburg rental on the property’s cash flow – not your tax returns. A Gulf-coast Tampa Bay city with a booming downtown and arts district, deep pre-war bungalow and condo stock, and strong young-professional and short-term-rental demand. We qualify St. Petersburg investors on rent with up to 85% LTV.
- Qualify on the property’s rent — no tax returns or W-2s
- Rates from 5.75% · up to 85% LTV · DSCR from 0.75x
- Old Northeast, Historic Kenwood, Downtown / EDGE District & more
- SFR, Condo, 2–4 Unit, Multi-Family & Commercial Considered
- LLC & foreign nationals OK · no cap on financed properties
St. Petersburg DSCR Loans — Key Facts (2026)
- What it is: A business-purpose rental loan that qualifies on the property’s rent ÷ payment (DSCR), not your personal income.
- Market: Pinellas County. Median about $400,000 with rents roughly $2,000-$2,800; The Gandy Bridge and I-275 to Tampa, a revitalized downtown and EDGE District, and Gulf-beach tourism keep condos, bungalows, and short-term rentals leased year-round.
- Max LTV: Up to 85% (purchase) · 75–80% cash-out. Min DSCR: from 0.75x.
- Minimum FICO: 620+ (best pricing 720–780+). Rates: from 5.75%.
- Florida note: No state income tax and strong rental demand help St. Petersburg DSCR, but Florida wind and flood insurance is a major swing factor – we underwrite the real quote.
- Lender: CambridgeHomeLoan.com — direct DSCR lender since 1998, NMLS #1826020.
DSCR Loans in St. Petersburg
What is a DSCR loan in St. Petersburg, Florida?
A St. Petersburg DSCR loan qualifies on the property’s rent divided by its full payment (PITIA), not your income. St. Petersburg sits in Pinellas County and draws tenants from A Gulf-coast Tampa Bay city with a booming downtown and arts district, deep pre-war bungalow and condo stock, and strong young-professional and short-term-rental demand. The Gandy Bridge and I-275 to Tampa, a revitalized downtown and EDGE District, and Gulf-beach tourism keep condos, bungalows, and short-term rentals leased year-round. We qualify St. Petersburg rentals on the property’s rent divided by its full payment (PITIA), so you can scale without tax returns.
How we compare
CambridgeHomeLoan vs. Top National DSCR Lenders
St. Petersburg investors shop DSCR terms hard. Here’s how our program stacks up against the terms commonly advertised by top national DSCR lenders. Where we lead, it’s highlighted.
| Feature | CambridgeHomeLoan | Top National Lenders (typical) |
|---|---|---|
| Rates from | 5.75% | ~5.75–6.5%+ |
| Max LTV (purchase) | Up to 85% | Typically 80% |
| Min DSCR | From 0.75x | 1.0 standard |
| Min FICO | 620 | 620–640 |
| Max loan amount | $20M+ | Commonly $3M–$5M |
| Foreign nationals | Yes — LLC, entity & foreign nationals | Limited / program-dependent |
| Fastest closing | As fast as 14 days | Varies |
“Top national lenders” reflects terms commonly advertised across the DSCR market as of July 2026, subject to change. Typical ranges for general comparison, not the terms of any single lender.
St. Petersburg market data
St. Petersburg rental market at a glance (2026)
Representative 2026 market indicators for underwriting context — confirmed per property by a Form 1007 appraisal and a real insurance quote.
| Median sale price (2026) | $400,000 |
| Avg. monthly rent (2026) | $2,000-$2,800 |
| Property tax (effective) | 0.9%-1.1% |
| Insurance | Elevated – hurricane wind and flood; a major DSCR factor |
| Investor angle | Coastal condos, historic bungalows & STR demand |
Approximate 2026 figures for illustration; not guarantees. Verify current data for your specific property.
St. Petersburg neighborhoods
Where St. Petersburg rentals pencil for DSCR
St. Petersburg rents and DSCR vary by submarket – here is where deals tend to pencil:
| Submarket | Typical monthly rent (2026)* | DSCR outlook |
|---|---|---|
| Old Northeast | $550K-$900K | Premium historic SFR |
| Historic Kenwood | $450K-$640K | Bungalow value-add |
| Downtown / EDGE District | $350K-$650K | Condo & STR rentals |
| Grand Central | $380K-$560K | Walkable value-add |
| near Gulfport | $420K-$620K | Coastal value-add |
*Approximate 2026 ranges for illustration — verify current rents for the specific address (an appraiser Form 1007 sets the qualifying figure).
Free tool
St. Petersburg rent & DSCR calculator
Enter the property’s monthly rent, your loan, and carrying costs to estimate your DSCR (rent ÷ PITIA) and monthly cash flow. Illustrative only; final DSCR uses the appraiser’s Form 1007 rent and quoted insurance.
Property & loan
Carrying costs (Pinellas County)
Illustrative only; not a rate quote or commitment to lend. We confirm rent with a Form 1007.
Rates
St. Petersburg DSCR rate tiers (2026)
| Tier 1 (780+ FICO, ≤65% LTV) | From ~5.75% — strongest pricing |
| Tier 2 (720–779, ≤75% LTV) | ~6.25–7.00% |
| Tier 3 (660–719, ≤80% LTV) | ~7.00–7.75% |
| Tier 4 (620–659, up to 85% LTV) | ~7.75–8.50% |
Illustrative tiers, subject to change and underwriting. Not a rate quote.
Florida underwriting
Florida property taxes & your St. Petersburg DSCR
Florida has no state income tax and moderate property taxes – commonly 0.9%-1.1% in the Pinellas County area (rentals do not receive the homestead exemption or the Save Our Homes cap, so budget the non-homestead bill). The bigger DSCR factor in St. Petersburg is insurance: hurricane wind and, near the coast, flood coverage can be substantial, so we underwrite a real insurance quote alongside the actual tax bill to get your St. Petersburg DSCR right.
| Effective property tax | 0.9%-1.1% (verify per parcel + exemptions) |
| Impact on DSCR | Insurance (wind/flood) + non-homestead taxes swing DSCR – we quote them real |
| Insurance | Elevated – hurricane wind and flood; a major DSCR factor |
| How we help | We model the true tax + insurance so your DSCR is accurate up front |
Requirements
St. Petersburg DSCR loan requirements
| Down payment | Typically 20–25% (purchase) |
| Credit | 620+ FICO; best pricing at 720–780+ |
| DSCR | From 0.75x (with factors); 1.0x+ standard; 1.25x+ best pricing |
| Reserves | Typically 3–6 months of PITIA |
| Rent proof | Lease, or appraiser Form 1007 market rent for vacant/purchase |
| Vesting | Individual, LLC, or entity · foreign nationals eligible |
| Uses | Purchase, rate-and-term refinance, cash-out |
Answers
St. Petersburg DSCR loan FAQ
Why invest in St. Petersburg?
A Gulf-coast Tampa Bay city with a booming downtown and arts district, deep pre-war bungalow and condo stock, and strong young-professional and short-term-rental demand. The Gandy Bridge and I-275 to Tampa, a revitalized downtown and EDGE District, and Gulf-beach tourism keep condos, bungalows, and short-term rentals leased year-round.
Do you finance 2-4 unit and condo rentals in St. Petersburg?
Yes. St. Petersburg is a solid condo, single-family and short-term rental market; SFR, condo, 2-4 unit, and small multifamily are all eligible, qualified on rent divided by PITIA.
How do taxes and insurance affect my St. Petersburg DSCR?
Florida has no state income tax; property taxes are moderate (about 0.9%-1.1% effective here, non-homestead for rentals), but hurricane wind and flood insurance is the biggest DSCR factor. We underwrite a real insurance quote and the actual tax bill so your DSCR is accurate.
Can I close in an LLC as a St. Petersburg investor?
Yes. We lend to individuals, LLCs, and entities, and to foreign nationals, with no cap on the number of financed properties.
Keep exploring
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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 for business-purpose, non-owner-occupied investment properties only. Rates, terms, LTV, and DSCR minimums are illustrative, subject to change without notice, and subject to borrower and property qualification and underwriting approval. Rental income and property-tax figures are estimates for illustration only and are confirmed per property (Form 1007 appraisal and the actual assessed tax bill). This page is informational and does not constitute financial, legal, tax, or investment advice.