Florida DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 6.25%
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
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- 680+ FICO
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- Refi from 6.25%
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- 21–30 day close
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, 680+ FICO, and 20–25% down. No tax returns, W-2s, or DTI calculation required. 1–4 unit residential and 5+ unit multifamily eligible. Refi rates start at 6.25%.
Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated May 2026.
Florida Rental Market Snapshot
State-level data DSCR underwriters use to size Florida rental deals.
Florida is the #1 STR-DSCR market in the country. Orlando, Tampa, Miami, and Panhandle beach towns routinely underwrite at 1.6–2.2 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 Fund
Active DSCR deal flow across Florida's core rental markets. Same requirements — 1.2 DSCR, 680+ FICO, 20–25% down — apply statewide.
| Metro | Median Price | Gross Yield | DSCR Investor Notes |
|---|---|---|---|
| Miami | $615K | 4.5–5.5% | Foreign-buyer demand, condo financing nuance, STR friendly in select zones |
| Tampa | $405K | 5.5–7.0% | Strong LTR demand, growing STR submarkets, moderate insurance cost |
| Orlando | $395K | 6.0–8.0% | Disney/Universal STR engine — Davenport/Kissimmee STR DSCR often >2.0 |
| Jacksonville | $315K | 6.5–8.0% | Lowest entry price among major FL metros, military rental demand from NAS |
Florida Eviction Timeline & Landlord Posture
How Florida courts handle non-payment evictions — material to DSCR loss-severity assumptions.
Florida statute 83 allows a 3-day pay-or-quit notice followed by summary process. Uncontested non-payment evictions typically conclude in 3–5 weeks. No state rent control — preempted by Fla. Stat. 125.0103.
Florida Rate Adjustment vs National Baseline
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 FICO, LTV, DSCR, property type, and program. Baseline national DSCR refi rates start at 6.25% as of May 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 is independent — not a lender. Lenders listed are programs we have funded Florida deals through; specific terms vary by file.
Florida DSCR Loan Requirements
| Requirement | Minimum | Notes |
|---|---|---|
| DSCR | 1.20 | 1.00+ allowed with 740 FICO or 30% down |
| Credit Score | 680 FICO | 640–679 by exception, lower LTV |
| Down Payment | 20–25% | 25% if <1.2 DSCR or <700 FICO |
| Property Type | 1–4 units or multifamily | Condos, townhomes, STRs OK where legal |
| Income Docs | None | No tax returns, W-2s, DTI check |
| Reserves | 6 months PITIA | Checking, savings, stocks qualify |
| Close Time | 21–30 days | Cash-out refi: 14–21 days |
Not a commitment to lend. Rates and terms subject to underwriting. See our full DSCR loan guide for the complete program.
Get Florida DSCR Loan Terms
DSCR Rental — Response within 4 business hours. No obligation.
Related DSCR Resources
- DSCR Loans Hub — Programs & Rates
- DSCR Rental Loans — Full Program Guide
- DSCR for Airbnb / Short-Term Rentals
- DSCR Cash-Out Refinance
- DSCR Jumbo Loans ($1M+)
- DSCR for LLCs / Entity Title
- Best DSCR Lenders 2026
- DSCR Loans — Complete Guide
- DSCR Calculator — Test Your Property
- Fix & Flip Loans — Bridge to DSCR Exit
- Bridge Loans — Short-Term Rental Acquisition
- DSCR vs Conventional Mortgage