Unlock the potential of your real estate investments with Florida DSCR loans. Designed to prioritize your property’s income potential rather than your personal income, Debt Service Coverage Ratio (DSCR) loans make it easier to expand your portfolio and grow your investments.
Find everything you need to know about Florida DSCR loans, including principal benefits, eligibility criteria, and how we can help you secure the best financing for your investment property.
Qualify for a Florida DSCR loan based on your investment property’s potential income rather than personal income. No job required.
Tailored for real estate investors, especially those with multiple properties or unique income situations.
Enjoy more flexible underwriting standards compared to traditional investment property loans.
No personal income calculation required.
Florida DSCR Loans are a unique financing solution for real estate investors looking to begin investing or expanding their current portfolio in the state. DSCR loans focus on the property’s income-generating potential rather than the borrower’s personal income. This approach is particularly advantageous for investors who own multiple properties or have complex financial situations that might not meet traditional lending criteria.
With DSCR loans, specifically, the emphasis is on the property’s ability to cover its own mortgage loan and operating expenses, providing a more streamlined and efficient way for investors to expand their portfolios. Our expertise in DSCR Loans ensures that we can guide you through the intricacies of this type of financing, helping you make the most of your real estate investments.
Whether you’re looking to acquire new properties or refinance existing ones, DSCR Loans provided by The Doce Mortgage Group give the flexibility and efficiency you need to succeed in the competitive world of real estate investing.
In Florida, DSCR loan requirements may vary by lender; however, common eligibility criteria include:
Connect leading DSCR loan lenders near you, and get help through the financing process. Get your free quote today and take the next step toward your investment goals!
A DSCR loan is a mortgage that evaluates a property’s ability to generate enough income to cover its annual mortgage payments. Lenders evaluate the property’s DSCR (Debt Service Coverage Ratio), which measures its ability to generate enough rental income to cover debt obligations.
A DSCR loan differs from a traditional loan because it is based on a property’s rental income potential rather than the borrower’s personal. Once approved for a loan, investors can use it to purchase or refinance rental properties without going through an extensive personal income verification process. Instead, lenders focus on the property’s cash flow to determine if it qualifies. While these loans offer a great deal of flexibility for real estate investors, they typically have higher interest rates and larger down payment requirements compared to conventional mortgages.
Eligibility for a DSCR loan is based on the property’s ability to generate enough rental income to cover its debt payments, rather than the borrower’s personal income. Lenders calculate the Debt Service Coverage Ratio (DSCR) by dividing the property’s net operating income (NOI) by its monthly debt obligations. A higher ratio indicates a stronger cash flow, making the borrower a lower risk.
In addition to DSCR, lenders consider factors such as credit score, loan-to-value (LTV) ratio, property type, and cash reserves. Borrowers, more commonly, need to have a credit score of at least 620, though higher scores can lead to better terms. A down payment of 20-25% is common, with lower DSCR ratios often requiring larger reserves or higher equity. Some lenders also assess the property’s market rent compared to actual rental income to ensure sustainability.
A DSCR loan in Florida is best suited for real estate investors who want to buy or refinance rental properties without using personal income for qualification. This applies to:
Current DSCR loan rates in Florida range between 6% and 8% (typically). Though, the exact rate you qualify for depends on factors like credit score, loan-to-value (LTV) ratio, DSCR ratio, and property type. Borrowers with strong financial profiles may secure lower rates, while those with higher risk factors might see rates at the upper end of the range.
No, you don’t have to be a professional real estate investor to apply for a DSCR loan in Florida, but the loan is designed specifically for income-generating rental properties. This means that even if you’re a first-time investor or someone looking to buy a rental property for passive income, you can still qualify.
A DSCR loan can be used to refinance or purchase rental properties, including single-family homes, multi-family units, condos, and townhomes intended for long-term or short-term rental income. Investors can also use these loans to finance vacation rentals on platforms like Airbnb and VRBO.
Additionally, DSCR loans allow real estate investors to refinance existing properties, secure better terms, or cash out equity to expand their portfolios. They are also useful for fix-and-hold investments, where properties are renovated and rented out. However, DSCR loans cannot be used for primary residences, as they are strictly for income-generating properties.
No, DSCR loans cannot be used for primary residences—only for rental properties, including long-term leases and short-term vacation rentals.
Terms can vary but generally involve higher interest rates and down payments than conventional loans.
Alex Doce NMLS 13817.
The Doce Group NMLS 2638131.
For licensing information, go to: www.nmlsconsumeraccess.org.
Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Loan approval and terms are dependent upon borrower’s credit, documented ability to repay, acceptability of collateral property, and underwriting criteria.
The Doce Group © 2025. All Rights Reserved.
