DSCR loans in Florida
Qualify on the property's rent, not your income. Up to 85% LTV for U.S. residents, 70% for foreign nationals.
Term sheet the same business day. Flipping? Fix-and-flip loans statewide.
Florida rental markets at a glance
Typical home value and rent by metro, with the gross rent yield: a year of rent divided by the value.
Higher yield means less money down to reach a 0.8 DSCR, where the best pricing starts. Each link opens the DSCR calculator with that market's numbers.
| Metro | Typical home value | Typical rent | Gross yield | Down for best pricing | |
|---|---|---|---|---|---|
| Tampa | $356,843 | $1,991/mo | 6.7% | 20% | Run the DSCR |
| Miami | $476,815 | $2,654/mo | 6.7% | 15% | Run the DSCR |
| Orlando | $383,302 | $1,929/mo | 6.0% | 25% | Run the DSCR |
| Jacksonville | $350,574 | $1,680/mo | 5.8% | 30% | Run the DSCR |
Metro-level typical values and rents, September 2026. The down payment column and the calculator link assume a 7.5% rate, a 30-year payment and $1,800 a year insurance. Change them to match your deal.
Florida property taxes and your DSCR
Florida's effective property tax rate is 0.78% of value a year (2024), ranked 27th among the states.
On a $476,815 rental, 0.78% is about $3,719 a year, or $310 a month added to the payment the rent has to cover.
The actual bill depends on the county and city. Use the property's real tax figure when you run the numbers.
What Florida investors should know
Insurance is the number to check first
Citizens, Florida's state-run insurer, peaked at about 1.41 million policies in 2023.
By December 2025 it had under 400,000, as private insurers took policies over.
Premiums vary widely by county and wind zone. Insurance is part of the DSCR payment, so get a quote before you set your offer.
Source: WUSF, December 2025Short-term rentals
Florida law limits how cities and counties regulate vacation rentals.
Local rules may not ban them or regulate how long or how often they are rented, except rules adopted on or before June 1, 2011.
Registration, safety and parking rules can still apply. Check the city before you count on short-term rental income.
Source: Florida Statutes 509.032(7)Foreclosure is judicial
Florida foreclosures go through the courts, so they are slower than in non-judicial states.
That adds timeline risk for lenders: one reason leverage and reserves matter in underwriting.
Source: Florida Statutes chapter 702Landlord rules worth knowing
A landlord must return a security deposit within 15 days when there is no claim, or send written notice of a claim within 30 days.
For unpaid rent, the notice to tenants is 3 days, excluding weekends and legal holidays.
Source: Florida Statutes 83.49 and 83.56Florida condos: inspections and reserves
Condo buildings three stories or taller need a structural milestone inspection by the end of the year they turn 30, then every 10 years.
The association must also complete a structural integrity reserve study at least every 10 years and fund the reserves it identifies. Lenders read both during the condo review.
Florida DSCR loan rates
Rates from 6.172%*, the same as nationwide. Rates move with the market, so the reliable number is a priced quote on your property.
Your DSCR, credit score, LTV, prepayment penalty and loan size move the rate most. In Florida, the property tax bill above feeds straight into the DSCR.
This week's DSCR loan rates* This may be for the strongest files, sometimes with a buydown. Subject to underwriting. Terms as of November 2026.
Florida DSCR loan requirements
- A Florida rental, long-term or short-term, not a home you live in
- DSCR of 0.75 or higher, 0.8 or higher for the best pricing
- Up to 85% LTV on a purchase for U.S. residents, 70% for foreign nationals
- Rent from the current lease, or the appraiser's market rent
- No tax returns, W-2s or pay stubs
- Close in your name or an LLC
Loans for Florida investors
- DSCR rental loans: up to 85% LTV purchase, 70% cash-out, 30-year fixed or interest-only
- Fix and flip (hard-money): up to 90% of purchase and 100% of rehab, capped at 75% of ARV
- Bridge loans: up to 70% LTV, 7-14 days to close
- Foreign nationals: every program, no SSN or U.S. credit, close in a U.S. LLC
Florida DSCR loan questions
What are DSCR loan requirements in Florida?
The same as nationwide. Best pricing at a DSCR of 0.8 or higher. Minimum 0.75 with a pricing adjustment.
Up to 85% LTV on a purchase for U.S. residents. Credit and reserves are priced in. No tax returns.
Can I get a DSCR loan on a Florida condo?
Yes. Most condos qualify, including many in buildings banks won't finance.
The building's insurance, reserves and any special assessments are reviewed. Send the condo details early.
Can I use a DSCR loan for an Airbnb in Florida?
Yes. Short-term rentals qualify on 12 months of booking history or a market rent projection. Check the city's registration rules first.
Do foreign nationals buy in Florida with DSCR loans?
Yes. Foreign nationals finance Florida rentals with no SSN or U.S. credit, usually through a U.S. LLC.
Sources
- Tax Foundation, property taxes by state (2024 data)
- Zillow Research ZHVI and ZORI (September 2026)
- WUSF, December 2025
- Florida Statutes 509.032(7)
- Florida Statutes chapter 702
- Florida Statutes 83.49 and 83.56
- Florida Statutes 553.899: milestone inspections
- Florida Statutes 718.112: structural integrity reserve studies
General information, not legal or tax advice. Loan terms are subject to underwriting.