DSCR Loans in Florida: Compare 14 Lenders Instantly

Florida is the largest DSCR lending market in the Southeast and one of the most active nationally, with investors targeting everything from single-family homes in Orlando to short-term vacation rentals in Miami and the Gulf Coast. The state has no income tax, a moderate property tax rate of 0.79%, but the highest homeowner insurance costs in the nation at 2.38% -- a critical factor in DSCR calculations that can make or break deal viability.

The Florida rental market benefits from relentless population growth, with the state adding hundreds of thousands of new residents annually. Major metros including Miami-Fort Lauderdale, Tampa-St. Petersburg, Orlando, and Jacksonville each offer distinct investment dynamics. South Florida commands premium rents but higher prices, while markets like Jacksonville and the Space Coast offer better rent-to-price ratios for cash flow investors.

Florida landlord-tenant law is favorable to property owners, with eviction timelines typically completing in 30-45 days. The state has no rent control provisions and no state income tax, making it one of the most investor-friendly states in the country for DSCR-financed rental properties.

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Lender Availability

14 lenders offer DSCR loans in Florida

ACAcra LendingAOAngel OakCVCoreVestDHDeephavenESEasy StreetGFGriffin FundingKVKiaviLSLendSureLOLima OneNSNew SilverNWNewfi WholesaleRCRCN CapitalRORoc CapitalVLVisio Lending

Florida Property Costs

Property Tax Rate0.79%
Insurance Rate2.38%

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FL
25%LTV 75%
15%50%
Interest Only
Short-Term Rental

Frequently Asked Questions

How does Florida insurance cost affect DSCR loan qualification?
Florida's average insurance rate of 2.38% of property value is the highest in the nation and can add $400-$800/month to your PITIA on a typical investment property. This dramatically impacts your DSCR ratio. Shopping multiple insurance carriers and choosing properties outside flood zones can help manage this cost.
Which Florida cities offer the best DSCR ratios?
Jacksonville, Gainesville, and the Space Coast (Melbourne/Palm Bay) typically offer the most favorable DSCR ratios in Florida due to lower property prices relative to rents. Tampa and Orlando are middle-ground markets, while Miami and Fort Lauderdale have the tightest margins due to high prices despite strong rents.
Can I use Airbnb income for a DSCR loan in Florida?
Yes, many DSCR lenders accept short-term rental income for Florida properties, which is a major advantage given the tourism-driven market. Lenders typically require a 12-month rental projection and may apply a discount factor. Popular STR markets include Orlando (Disney area), Miami Beach, and the Gulf Coast.
What credit score do I need for a DSCR loan in Florida?
Most Florida DSCR lenders require a minimum score of 660, with the best rates available at 720+. Given that nearly all major DSCR lenders operate in Florida, investors have strong competitive options and can shop for the best combination of rate, points, and terms.
Are condo investments eligible for DSCR loans in Florida?
Yes, but Florida condo DSCR loans require extra due diligence. After the Surfside collapse in 2021, lenders scrutinize condo association financials and reserve studies more carefully. The condo must typically be warrantable, and some lenders apply lower LTV limits for Florida condos.

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