DSCR Loans Florida
Qualify on rental income — not personal income. No W2s, no tax returns, no employment verification. Florida's preferred mortgage for real estate investors building rental portfolios.
How Do DSCR Loans Work in Florida?
DSCR (Debt Service Coverage Ratio) loans have become the most popular investment property financing tool in Florida. They allow investors to qualify based solely on the property's rental income — not the borrower's personal income.
The DSCR is calculated as: Monthly Gross Rent ÷ Monthly PITIA (Principal + Interest + Taxes + Insurance + Association fees). A DSCR of 1.0 means the rent exactly covers the debt. Most programs require a minimum DSCR of 1.0–1.25. Short-term rentals (Airbnb, VRBO) can use market rent from an AirDNA report when there is no established rental history.
In Florida's rental market, single-family homes in Palm Beach County rent for $2,200–$3,500/month. Port St. Lucie sees $1,900–$2,500/month. Because these rents make DSCR math work on most entry-level investment properties, this program is in high demand across our entire service area.
DSCR Loan Property Types in Florida
DSCR loans in Florida work across a wide range of investment property types. Single-family rentals (SFR) are the most common — the clean underwriting and strong rental demand in Palm Beach, Port St. Lucie, and Fort Lauderdale markets make them easy to approve. Two-to-four unit properties also qualify, with each unit's rent contributing to the DSCR calculation.
Condominiums qualify in Florida's DSCR market with some exceptions — warrantable condos in established communities are approved by most lenders, while non-warrantable condos and condotels require specialty programs. Short-term rental properties are a strong use case: AirDNA market rent data supports the appraisal, allowing investors to underwrite Airbnb revenue on a stabilized basis even before listing the property.
DSCR loans do not require owner occupancy — the borrower never needs to live in the property. This makes them the go-to tool for portfolio investors acquiring multiple rental properties simultaneously, since DSCR programs carry no limit on the number of financed properties.
How to Calculate Your DSCR Before Applying
Before applying, run a quick DSCR estimate on any Florida property you're considering. Step one: get a rent estimate. Ask a local property manager for a market rent analysis, or use Rentometer, Zillow Rental Manager, or AirDNA for short-term rentals. Step two: estimate your PITIA — plug your anticipated loan amount, rate, and property tax/insurance into a mortgage calculator.
Divide market rent by PITIA. If the result is 1.0 or above, you're in qualifying territory. If it's below 1.0, you have options: increase your down payment to lower the monthly PITIA, look for a property with higher rental yield, or explore a lender that offers a below-1.0 DSCR program (some accept 0.75–0.80 with stronger credit).
Mortgage Capital does DSCR pre-qualifications across all 67 Florida counties. We can run the numbers on any property you're considering before you make an offer — at no cost and with no impact to your credit. Contact us to get a same-day DSCR analysis on your target property.
Apply for a DSCR Loan in Florida
No W2s · Qualify on rent · LLC welcome · Licensed FL investor mortgage broker NMLS# 1859012
Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.