DSCR Loans in Florida
Florida's explosive population growth, no state income tax, and the nation's strongest STR markets make it the #1 state for DSCR loan investors.
MARKET OVERVIEW
Florida DSCR Loan Market
Florida is the undisputed king of DSCR loan investing. The state attracts more domestic migration than any other, adding over 300,000 new residents annually. Combined with no state income tax, landlord-friendly laws, and a 12-month rental season driven by tourism, retirees, and remote workers, Florida offers DSCR investors the most favorable environment in the country.
The numbers tell the story. Florida's population has grown by over 2 million people since 2020. Rental vacancy rates across the state's major metros hover between 4-6%. The state's tourism industry supports over 137 million visitors annually, creating massive short-term rental demand in Orlando, Miami Beach, the Keys, and the Gulf Coast.
For DSCR investors, Florida's diversity of markets is a key advantage. Miami and South Florida offer high-value appreciation plays with strong international demand. Tampa and Jacksonville deliver the best blend of cash flow and growth. Orlando's tourism-driven economy supports both long-term and short-term rental strategies. Cape Coral and Fort Myers have become investor favorites for their affordability and strong rents, though insurance costs have risen post-hurricane.
Florida's landlord protections are among the strongest in the nation. Non-payment evictions can be completed in as few as 15 days. There is no state rent control, and local rent control is preempted by state law. Properties can be vested in LLCs for liability protection.
The primary consideration for Florida DSCR investors is insurance costs. Hurricane exposure means property insurance premiums are higher than national averages, particularly in coastal areas. These costs factor into your PITIA calculation and can impact DSCR ratios. Inland properties in Central Florida typically have lower insurance costs. Despite this, Florida's rent growth and appreciation have consistently outpaced the insurance premium increases.
Top Investor Cities
| City | Median Price | Rent | DSCR |
|---|---|---|---|
| Miami | $580K | $2,800 | 1.04x |
| Tampa | $385K | $2,000 | 1.17x |
| Orlando | $395K | $2,050 | 1.16x |
| Jacksonville | $340K | $1,800 | 1.22x |
| Cape Coral | $390K | $2,100 | 1.20x |
Monthly tax on $415,000 property: $297/mo
PROGRAMS AVAILABLE IN FLORIDA
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.
REQUIREMENTS
DSCR Loan Requirements in Florida
Licensing & Regulatory
Loans in Florida are originated by [Broker C], NMLS# [XXXXXX], licensed in Florida.
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
DEAL EXAMPLE
Sample DSCR Deal in Cape Coral, Florida
Single-Family Rental
Cape Coral, Florida
Monthly Breakdown
This borrower closed in 28 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.
FREQUENTLY ASKED
DSCR Loan Questions for Florida Investors
DSCR loans in Florida require a minimum credit score of 660, at least 20% down payment, and the property must be non-owner-occupied. No income documentation, tax returns, or employment verification is needed. Florida is the most active DSCR lending state in the country, so appraisers and title companies are highly experienced with these transactions. Properties can be vested in an LLC or trust. Condo investments require the condo association to meet basic lender requirements (adequate reserves, owner-occupancy ratios, no pending litigation). Our Southeast specialist broker handles more DSCR transactions in Florida than any other state.
Florida has one of the highest DSCR lending volumes in the country, which means a deep network of 70+ lenders with real Florida overlays sits behind every deal. Foreign national investors are well-served here. Your matched specialist knows which lenders fund non-warrantable FL condos, which take AirDNA on STR income, and how each one treats coastal exposure and post-sale tax reassessment. That is how Florida deals that look complicated on paper still close.
Absolutely. Florida is the top state for STR DSCR loans. Orlando (near Disney and Universal), Miami Beach, the Florida Keys, Destin/30A, Anna Maria Island, and Clearwater Beach are among the highest-grossing STR markets in the country. Our STR DSCR program uses projected AirDNA income to qualify. Florida state law preempts local STR bans, meaning municipalities cannot prohibit vacation rentals, though they can regulate them. Most Florida counties require a vacation rental license and collection of tourist development tax.
Florida's effective property tax rate is approximately 0.86%, close to the national average. On a $390,000 property, that's about $280/month. However, Florida's Save Our Homes cap limits assessed value increases on homesteaded properties to 3% annually. Investment properties do not receive this benefit, so be prepared for the full assessed value. The bigger consideration in Florida is insurance. Hurricane insurance premiums can range from $2,400 to $6,000+ annually for coastal properties, significantly impacting PITIA and DSCR calculations.
Yes, and Florida is the most popular destination for out-of-state DSCR investors. Investors from New York, New Jersey, California, and Illinois are particularly active. DSCR loans have no owner-occupancy requirement. Florida's no state income tax applies to rental income as well, which is a significant advantage for investors from high-tax states. The state's mature property management industry makes remote ownership straightforward. Foreign nationals are extremely active in Florida real estate and can access our Foreign National DSCR program.
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Match Me With a SpecialistLoans in Florida are originated by [Broker C], NMLS# [XXXXXX], licensed in Florida. 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.