Florida DSCR loans for investors.
Qualify based on the rental income of the property. Not your personal income. No W-2, no tax returns, no employment verification required.
The property qualifies itself.
DSCR stands for Debt Service Coverage Ratio. Lenders calculate it as: Monthly Rent ÷ PITIA (Principal + Interest + Taxes + Insurance + HOA). A ratio of 1.0 means the rent covers the full payment. Most lenders require 1.0–1.25.
DSCR Calculation Example
No Income Documentation
No W-2s, pay stubs, or tax returns. Ideal for self-employed investors, business owners, and high-net-worth buyers with complex income.
No Limit on Properties
Unlike conventional loans that cap at 10 financed properties, DSCR loans have no portfolio limit. Scale your rental portfolio without restriction.
Short-Term Rentals (Airbnb/VRBO)
We offer DSCR products that use projected STR income from AirDNA or similar tools. Not just traditional long-term lease agreements.
LLCs Allowed
Close in your LLC or other entity name. Conventional loans require personal ownership, DSCR products support entity vesting for liability protection.
Down Payment
Typically 20–25% down for single-family, 25% for 2–4 unit. Some lenders allow 15% down with compensating factors.
Credit Score
Minimum 640 for most DSCR programs. 680+ earns better rates and terms. No maximum loan amount on most products.
Equal Housing Lender. DSCR loans are non-QM products and not subject to standard QM guidelines. Not a commitment to lend. NMLS# 1859012. Licensed in Florida.
Frequently asked questions about DSCR loans in Florida.
What DSCR ratio do I need to qualify for a Florida investment property loan?
Most DSCR lenders require a minimum ratio of 1.0, meaning the property's gross rent must at least cover the full monthly payment including principal, interest, taxes, insurance, and HOA. Some lenders offer products down to 0.75 DSCR for strong borrowers, at higher rates. A ratio of 1.25 or above gives you access to the widest range of lenders and the best pricing.
Can I use projected rent instead of a current lease for a DSCR loan?
Yes. Many DSCR lenders accept a market rent appraisal (Form 1007) from a licensed appraiser in lieu of an executed lease. The appraiser surveys comparable rentals in the area and provides a market rent estimate. This is especially useful for new purchases where no lease exists yet. Short-term rental programs may use AirDNA or similar data sources for projected income.
Are DSCR loans available for short-term rentals like Airbnb in Florida?
Yes. Several DSCR lenders now offer short-term rental programs that use projected STR income from platforms like AirDNA or Rabbu. The analysis is based on comparable short-term rental performance in the area rather than traditional long-term lease comps. Florida's strong tourism demand makes STR DSCR loans particularly accessible in markets like Miami Beach, Palm Beach, and the Keys.
Can I close a Florida investment property in my LLC with a DSCR loan?
Yes. Most DSCR lenders allow entity vesting — closing title in an LLC, LP, or other business entity. Conventional Fannie Mae loans require personal ownership. The ability to hold investment properties in an LLC for liability protection is a major advantage of DSCR products. Check with your attorney on the appropriate entity structure before application.
What is the minimum credit score for a DSCR loan in Florida?
Most DSCR lenders require a minimum 640 FICO score. A score of 680 or above earns meaningfully better rates and lower reserve requirements. Some specialty lenders offer programs down to 620 with compensating factors such as higher DSCR ratios or larger down payments. We work with multiple DSCR lenders and can match you to the product that fits your profile.
Ready to scale your Florida rental portfolio?
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