DSCR Loans in Florida
Write an offer on Florida's typical $375K home as an investor and your tax bill starts closer to 0.98% than the 0.78% the seller paid, because rentals get no homestead exemption and no Save Our Homes cap. Florida still earns its spot as a top DSCR state. Just quote insurance on the exact address, since the $237 state average means very little on the coast.
Florida DSCR Loan Market
Florida is still one of the busiest DSCR states in the country, for reasons that have nothing to do with hype: no state income tax, steady in-migration, no rent control anywhere because state law preempts it, and a state preemption that keeps cities from banning vacation rentals outright. The typical home sits near $375K and rents near $2,130.
The two lines that decide Florida deals are tax and insurance. As an investor you pay about 0.98% effective, not the 0.78% owner-occupied figure, because a rental gets neither the $50K homestead exemption nor the Save Our Homes cap, only the weaker 10% non-homestead assessment cap. A 2026 ballot measure would tighten that cap to 5% starting in 2027. Insurance averages about $237 a month statewide, but a coastal policy can run double that or more, while inland Central Florida often quotes lower.
That is why the sample deal below sits in Orlando: inland pricing, firm rents, and a deep tenant pool, financed for a foreign national buyer on an interest-only payment.
Top Investor Cities
| City | Median Price | Rent | DSCR |
|---|---|---|---|
| Miami | $581K | $3,010 | 0.76x |
| Tampa | $378K | $1,960 | 0.74x |
| Orlando | $371K | $1,900 | 0.73x |
| Jacksonville | $285K | $1,600 | 0.78x |
| Cape Coral | $336K | $1,950 | 0.82x |
Monthly tax on $375,000 property: $306/mo
8 DSCR Loan Programs for Florida Investors
Standard DSCR
The most popular option. 20% down, 660+ credit.
No-Ratio DSCR
No minimum DSCR required. 30% down.
Interest-Only DSCR
Lower monthly payments for better cash flow.
STR DSCR
Use projected Airbnb/VRBO income to qualify.
Foreign National DSCR
No SSN or US credit history required.
Bank Statement DSCR
Hybrid qualification for self-employed investors.
Portfolio DSCR
Finance multiple properties under one loan.
Bridge-to-DSCR
Purchase, rehab, then refinance into DSCR.
DSCR Loan Requirements in Florida
Licensing & Regulatory
Loans in Florida are originated by a licensed DSCR broker matched to your state. The matched broker holds the required state license; DSCRBroker.com is not the originator.
All lending decisions and terms are determined solely by the matched broker and their wholesale lending partners.
Common Property Types
- Single-Family Rentals
- Condos/Townhomes
- Short-Term Rentals
- Small Multifamily (2-4 Units)
- Vacation Rentals
Down Payment & LTV
- Standard DSCR: 20% minimum down (80% LTV)
- No-Ratio DSCR: 30% minimum down (70% LTV)
- 30%+ down unlocks No-Ratio DSCR programs and broader lender access
Appraisal & Rent Schedule
- Form 1007 rent schedule required with appraisal
- Appraisal estimates market rent for DSCR calculation
- STR properties: AirDNA projected income accepted
Sample DSCR Deal in Orlando, Florida
3-bed / 2-bath SFR
Purchase in Orlando, Florida
Monthly Breakdown
This borrower closed in 31 days with no income verification, no tax returns, and no employment check.
Results may vary. This is a representative example, not a guarantee of future performance.
This deal example is for illustrative purposes only and is based on representative scenarios across our broker network. Actual loan terms, approval, and closing depend on your full credit profile, property details, appraisal, and the matched lender's specific guidelines. This is not a loan offer or commitment to lend.
DSCR Loan Questions for Florida Investors
Because the seller probably had a homestead exemption and years of Save Our Homes caps, and neither transfers to you. A rental gets no $50,000 homestead exemption, and its assessment can rise up to 10% a year under the non-homestead cap instead of 3% or CPI. The purchase also resets the assessed value to roughly what you paid. That is why this page uses about 0.98% effective. Ask your specialist to estimate the post-sale bill, not the one on the listing.
Not outright. State law preempts local bans, so cities can license, inspect, and tax vacation rentals but generally cannot prohibit them, apart from some ordinances that predate the 2011 preemption. The real restrictions are private. Condo associations and HOAs can and often do prohibit short-term rentals, so read the declaration before you write an offer. Around Orlando and Kissimmee, whole resort communities are built for vacation rental, which is a cleaner path for an STR DSCR loan.
More than they used to. After the Surfside collapse, Florida tightened condo safety law, with milestone structural inspections and reserve requirements for many older buildings, and some associations have passed large special assessments to catch up. DSCR lenders look closely at the association's budget, reserves, litigation, and insurance before they lend in a building. Many will finance a non-warrantable condo that conventional lenders reject. Get the association documents early, because a surprise assessment changes the ratio overnight.
Yes, and Florida is one of the most common places it happens. Foreign national DSCR programs qualify on the property's rent instead of U.S. income or credit history, usually with a larger down payment, commonly 30% or more, plus a valid passport and funds that can be traced into a U.S. account. The sample deal below uses 30% down on an Orlando rental. Expect extra time for document review, and plan the wire of funds well ahead of closing.
It depends on distance to the water more than anything else. NerdWallet's 2026 state average is about $237 a month, but coastal and hurricane-exposed properties run materially higher, and flood insurance is a separate policy that lenders require in high-risk flood zones. Inland Central Florida often quotes below the average. Roof age, newer construction, and a wind mitigation inspection all move the price. Get an actual quote during your inspection period, because it is the line most likely to break a Florida pro forma.
DSCR Loans by City in Florida
City-level market data, submarkets investors target, worked deal examples, and local rules for Florida's top rental markets.
Jacksonville
0.77xTampa
0.71xSt. Petersburg
0.75xOrlando
0.71xKissimmee
0.81xMiami
0.73xCape Coral
0.73xPort St. Lucie
0.83xLakeland
0.79xOcala
0.84xPalm Bay
0.79xPensacola
0.79xFound your Florida market?
The city guides above get you to a shortlist. Your matched specialist takes it from there and structures the file around the property's rent, not your tax returns. 2 minutes. No SSN. No credit pull.
Match Me With a SpecialistLoans in Florida are originated by a licensed DSCR broker matched to your state. The matched broker holds the required state license; DSCRBroker.com is not the originator. The matched broker is not affiliated with DSCRBroker.com except as a participating broker in our matching network. All lending decisions and terms are determined solely by the matched broker and their wholesale lending partners.