DSCR Refinance in Florida: Compare 14 Lenders Instantly

Florida is the nation's most active DSCR refinance market, but its uniquely high insurance costs at 2.38% make break-even analysis critical before pulling the trigger. Investors in Orlando, Tampa, Jacksonville, and Miami who locked in rates above 7% during 2023-2024 should carefully model whether a refinance overcomes the insurance-inflated PITIA payment to actually improve cash flow.

Cash-out refinancing in Florida is exceptionally popular given the state's sustained appreciation in nearly every metro. However, rising insurance premiums can erode the benefit if they've increased since the original loan was underwritten. Always obtain updated insurance quotes before finalizing a refinance to ensure the new DSCR ratio reflects current costs.

Seasoning requirements in Florida are straightforward at 6-12 months, and the state's deep lender pool means investors have significant leverage to negotiate refinance terms. Comparing offers from 5-8 lenders is standard practice in this competitive market.

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Lender Availability

14 lenders offer DSCR refinance 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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Frequently Asked Questions

How do rising Florida insurance costs affect my DSCR refinance calculation?
Florida's insurance rate of 2.38% is the highest in the nation and can significantly impact your post-refinance DSCR. If your insurance premium has increased since origination, the higher PITIA may partially offset savings from a lower interest rate. Always get updated insurance quotes before committing to a refinance to ensure the math still works.
What seasoning requirements apply to DSCR refinancing in Florida?
Florida DSCR refinances typically require 6 months seasoning for rate-and-term and 12 months for cash-out. Given Florida's massive DSCR lending volume, many lenders compete aggressively on seasoning terms, and some offer reduced seasoning for borrowers with strong credit and payment history.
Should I do a rate-and-term or cash-out refinance on my Florida rental property?
Rate-and-term is best if your primary goal is reducing monthly payments, as it carries lower rates and no cash-out premium. Cash-out makes sense if your Florida property has appreciated significantly and you have a clear deployment plan for the equity. Given Florida's high insurance, the rate premium on cash-out can meaningfully impact your DSCR ratio.
What is the break-even period for refinancing a DSCR loan in Florida?
Florida DSCR refinance break-even periods typically run 10-18 months. The high insurance component means that rate savings are proportionally smaller relative to total PITIA, so you generally need a larger rate drop (0.75%+) to achieve a quick payback compared to lower-insurance states.

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