Florida DSCR Loans for Real Estate Investors
Qualify for rental property financing using property cash flow instead of personal tax returns.
- Loan amounts up to $3,000,000
- Finance 1–10 unit rental properties
- Qualify using property cash flow (DSCR)
- No personal tax returns required
- Condotels and non-warrantable condos allowed
- Fast approvals with flexible guidelines
Tell us more about your DSCR deal
"*" indicates required fields
Investment Loans Tailored for
Florida Real Estate Investors
No Tax Returns Needed
We underwrite based purely on the property’s cash flow — no personal tax documents required.
Flexible Terms for Florida Deals
No maximums for investment properties owned or financed. Will consider rural properties. And great 5 – 10 unit pricing.
Lower Monthly Payments
Take advantage of a 10-year interest-only option (on a 40-year term) to maximize your cash flow.
Flexible DSCR Requirement
DSCR ratios drive pricing. Most are + 1.0 and that is where pricing is most favorable. Ratios can be as low as .25.
Program Highlights
Florida DSCR
- Close multiple loans for the same investor at the same time
- No limit on the number of properties owned and can finance greater than10 properties for 1 investor
- Condotels and Non-Warrantable condos allowed (up to 75% LTV)
- Rate buydown feature available
- Maximum loan amounts up to $3,000,000
- Minimum loan amounts as low as $75,000
- Cash-Out up to $500,000 – exceptions made to $3,000,000
- DSCR Ratios as low as .75 – exceptions made to .25
- FICO as low as 660
- Designed for real estate investors using rental income to qualify.
1–4 Unit Florida Properties
- Loan-to-Value up to 85% for Purchase
- Loan-to-Value up to 80% for Rate & Term
- Loan-to-Value up to 75% or Cash-out Refinance
5–10 Unit Florida Properties
- Loan-to-Value up to 75% for Purchase
- Loan-to-Value up to 70% for Rate & Term Refinance
- Loan-to-Value up to 65% for Cash-out Refinance
Florida DSCR Loan Highlights
| Feature | Florida DSCR Loan |
|---|---|
| Loan Type | DSCR Loan for Rental Property Investors |
| Qualification | Based on Rental Income (DSCR Ratio) |
| Loan Amounts | Up to $3,000,000 |
| Property Types | 1–10 Unit Rental Properties |
| Documentation | No Personal Tax Returns Required |
| Use Cases | Purchase, Rate-Term Refinance, Cash-Out Refinance |
Florida DSCR Loan Program
Our program offers:
- DSCR loans for investment properties
- DSCR mortgage loans for rental properties
- Commercial DSCR loan options for investor portfolios
- Cash-flow based loan approvals without tax returns
Whether you’re buying your first rental property or expanding your real estate portfolio, our Florida DSCR loan program provides flexible financing based on the income generated by the property.
How DSCR Loans Work for Real Estate Investors
If the rental income is sufficient to cover the loan payment, the investor may qualify for the DSCR loan.
This makes DSCR loans ideal for:
- Rental property investors
- Real estate portfolio investors
- Investors purchasing 1–10 unit properties
- Short-term rental investors
- Investors expanding real estate portfolios
Florida DSCR Loan Pricing,
Simplified With Lendy
Lendy is our smart, always-on digital assistant built just for DSCR loans. Whether you’re buying a rental, refinancing, or expanding your portfolio, Lendy helps you explore the right loan options, based on your scenario, in minutes.
Have a question?
We have the answers.
How is a DSCR calculated?
The Debt Service Coverage Ratio (DSCR) is calculated by dividing gross rents by PITIA (Principal, Interest, Taxes, Insurance, and Association fees). A DSCR of over 1.0 means that there is sufficient cash flow to cover the debt service/loan payments. We still close DSCR loans with ratios less than 1, however, the pricing is affected.
How is income evaluated in a DSCR loan?
LendSure’s DSCR program focuses on the property cash flow, so no other income documents are
required.
How is the rental income verified?
Rental income is verified by the lower of gross rents on the lease agreement OR either the Form 1007 Rent Survey completed by the appraiser, or for multi-unit dwellings, the Form 216 Operating Income Statement.
Other Rental Income Verifications, if they apply, are Property Management Firm Statements and/or Statements from Airbnb and other similar firms.
What if it’s a purchase and it doesn’t have an existing lease or it’s a refinance with un-leased property?
In those two instances, the gross rents indicated on the Form 1007 or Form 216 will be used.
Can we use the Interest Only payment to qualify?
YES – and that can make a huge difference for cash flow, especially with LendSure’s 10-Year
Interest-Only period on our 40-Year program.
How can I price my DSCR loan?
Price your loan in minutes with our innovative Lendy DSCR Loan Assistant. Whether
you’re buying a rental, refinancing, Lendy helps you explore the right loan options, based on your scenario, in minutes.
Will you consider income from short term rentals, such as Airbnb and Vrbo?
Yes! We will review statements from short term rental companies, such as Airbnb and Vrbo, to
calculate income.
Ready to take the next step?
Speak with a DSCR loan specialist about financing your Florida investment property.
LendSure Home Loans is a registered trade name of LendSure Mortgage Corp. NMLS ID# 1326437 (www.nmlsconsumeraccess.org). 12230 World Trade Drive, Suite 250, San Diego, CA 92128. 888.707.7811. All rights reserved.
LendSure Mortgage Corp. is authorized to conduct business under the LendSure Home Loans trade name in Arizona, California, Georgia, Illinois, and Texas.
For licensing information, please visit our Licensing Information Page. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms, and conditions are subject to change without notice.