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Rates

Florida DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 5.80%

Rental property financing for Florida investors qualified on property cash flow, not personal income, W 2s, or tax returns. Serving Miami, Tampa, Orlando, Jacksonville and the rest of Florida. If the property cash flows at 1.2× the mortgage, you may qualify.

  • 1.2 DSCR minimum
  • Credit is lender underwriting
  • Best tier from 5.80%
  • 21 to 30 day close

Indicative as of October 1, 2026. Not a quote. Lenders set final pricing at underwriting.

Talk to PeerSenseCalculate Your DSCR

Can I get a DSCR rental loan in Florida?

Yes. DSCR loans in Florida qualify investors based on property cash flow with a 1.2 DSCR minimum. Credit and equity injection are lender underwriting. PeerSense does not set a FICO floor. No tax returns, W 2s, or DTI calculation required. 1 to 4 unit residential and 5+ unit multifamily eligible. Governed best tier floor 5.80% from rate-floors.json.

Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated October 1, 2026.

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Florida Rental Market Snapshot

State level data DSCR underwriters use to size Florida rental deals.

Median Home Price
$415K
Statewide single family
Gross Rental Yield
5.5 to 8.0%
Annual rent / price
Eviction Timeline
21 to 45 days
landlord-friendly
Rate Adjustment
+0.125%
vs national baseline

Florida is the #1 STR DSCR market in the country. Orlando, Tampa, Miami, and Panhandle beach towns routinely underwrite at 1.6 to 2.2 DSCR using AirDNA submarket rates. The trade off is insurance: Florida property insurance has roughly doubled since 2022, materially raising the PITIA denominator. Investors should plug current insurance quotes into the DSCR model, using stale tax assessor figures will overstate cash flow.

Major Florida Markets We Serve

Active DSCR deal flow across Florida's core rental markets. Same DSCR math statewide. Credit and equity injection are lender underwriting.

MetroMedian PriceGross YieldDSCR Investor Notes
Miami$615K4.5 to 5.5%Foreign buyer demand, condo financing nuance, STR friendly in select zones
Tampa$405K5.5 to 7.0%Strong LTR demand, growing STR submarkets, moderate insurance cost
Orlando$395K6.0 to 8.0%Disney/Universal STR engine, Davenport/Kissimmee STR DSCR often >2.0
Jacksonville$315K6.5 to 8.0%Lowest entry price among major FL metros, military rental demand from NAS
Florida investor note:Florida has no state income tax and strong short term rental markets (Orlando, Miami, Panama City), STR DSCR often runs 1.6 to 2.2 vs long term rent.

Florida Eviction Timeline & Landlord Posture

How Florida courts handle non payment evictions, material to DSCR loss severity assumptions.

Posture
landlord-friendly
Typical Timeline
21 to 45 days
Rent Control
None / preempted

Florida statute 83 allows a 3 day pay or quit notice followed by summary process. Uncontested non payment evictions typically conclude in 3 to 5 weeks. No state rent control, preempted by Fla. Stat. 125.0103.

Florida Rate Adjustment vs National Baseline

+0.125%over national baseline pricing

Hurricane/flood-zone insurance loadings raise PITIA; lenders price in higher reserve requirements. STR heavy areas may add 0.125% for nightly rate volatility.

Final pricing depends on DSCR, LTV, property type, and program. Credit is lender underwriting. Governed best tier floor 5.80% from rate-floors.json as of October 1, 2026.

DSCR Lenders Active in Florida

The non bank DSCR programs we see most frequently funding Florida rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.

  • Visio Lending
  • LendingOne
  • Lima One
  • Kiavi
  • CoreVest
  • RCN Capital

PeerSense sources capital through a curated network of commercial lenders and capital sources. Lenders listed are programs we have funded Florida deals through; specific terms vary by file.

Florida DSCR Loan Requirements

RequirementMinimumNotes
DSCR1.201.00+ exists on specialty programs. Credit and equity are lender underwriting.
CreditLender underwritingPeerSense does not set a FICO floor. Capture the score on the form.
EquityLender underwritingPurchase DSCR is commonly structured around 65 to 75% LTV. PeerSense does not set a typical down.
Property Type1 to 4 units or multifamilyCondos, townhomes, STRs OK where legal
Income DocsNoneNo tax returns, W 2s, DTI check
Reserves6 months PITIAChecking, savings, stocks qualify
Close Time21 to 30 daysCash out refi: 14 to 21 days

Not a commitment to lend. Rates and terms subject to underwriting. See our full DSCR loan guide for the complete program.

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

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