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✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026
Rates

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
  • 680+ FICO
  • Refi from 6.25%
  • 21–30 day close
See If You QualifyCalculate 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, 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 July 1, 2026.

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
5.5–8.0%
Annual rent / price
Eviction Timeline
21–45 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 1.6–2.2 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 requirements (1.2 DSCR, 680+ FICO, 20–25% down) apply statewide.

MetroMedian PriceGross YieldDSCR Investor Notes
Miami$615K4.5–5.5%Foreign-buyer demand, condo financing nuance, STR friendly in select zones
Tampa$405K5.5–7.0%Strong LTR demand, growing STR submarkets, moderate insurance cost
Orlando$395K6.0–8.0%Disney/Universal STR engine, Davenport/Kissimmee STR DSCR often >2.0
Jacksonville$315K6.5–8.0%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 1.6–2.2 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
21–45 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 3–5 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 FICO, LTV, DSCR, property type, and program. Baseline national DSCR refi rates start at 6.25% as of July 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 is independent, not a lender. Lenders listed are programs we have funded Florida deals through; specific terms vary by file.

Florida DSCR Loan Requirements

RequirementMinimumNotes
DSCR1.201.00+ allowed with 740 FICO or 30% down
Credit Score680 FICO640–679 by exception, lower LTV
Down Payment20–25%25% if <1.2 DSCR or <700 FICO
Property Type1–4 units or multifamilyCondos, townhomes, STRs OK where legal
Income DocsNoneNo tax returns, W-2s, DTI check
Reserves6 months PITIAChecking, savings, stocks qualify
Close Time21–30 daysCash-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 24–48 hours. No obligation.

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