DSCR Loans in South Florida
Qualify based on your property's rental income — not your personal income. No W-2s, no tax returns, no job verification required.
Rates from 5.75%
5.75%
Rate From
80%
Max LTV
1.0×
Min DSCR
30yr Fixed
Loan Terms
How DSCR Qualification Works
Property income covers the mortgage
Monthly rent ÷ monthly PITIA payment = DSCR. A ratio of 1.0 or above typically qualifies.
No personal income docs required
We don't look at your W-2, tax returns, or job history. The deal qualifies on the property cash flow.
Close in 10–21 days
Once you're under contract, we move fast. Most files close in under 3 weeks with minimal back-and-forth.
DSCR Loan FAQ
What is a DSCR loan?
A DSCR (Debt Service Coverage Ratio) loan qualifies you based on the rental income of the property — not your personal W-2 or tax returns. If the rent covers the mortgage, you qualify.
What DSCR ratio do I need?
Most programs require a minimum DSCR of 1.0–1.1. Strong files with DSCR above 1.25 get the best rates.
What are current DSCR rates in South Florida?
DSCR rates currently start around 5.75% for 30-year fixed on strong files. Rate depends on LTV, DSCR, credit score, and prepay term.
How fast can you close a DSCR loan?
Typically 10–21 days from application to close on straightforward files.
How does Florida insurance affect my DSCR?
Insurance is part of PITIA, so South Florida's higher premiums directly lower your ratio. Get a real insurance quote before going under contract — in coastal zones, wind and flood coverage can move DSCR by 0.1–0.2. Inland Broward and Palm Beach County properties typically carry lighter premiums than barrier-island assets.
Can I use a DSCR loan for an Airbnb in South Florida?
Yes. Short-term rental DSCR programs accept 12 months of documented Airbnb/VRBO income or an AirDNA market analysis. STR-friendly zoning matters: Miami Beach and Fort Lauderdale beach corridors have restrictions, while unincorporated county pockets and cities like Hollywood are more permissive.
The South Florida DSCR Playbook
South Florida remains a landlord's market: persistent in-migration, no state income tax, and chronically tight rental supply keep occupancy high from Miami-Dade through Palm Beach County. Workforce-housing submarkets - Lake Worth, Lauderhill, North Miami, Pompano Beach - routinely produce DSCR ratios of 1.15 to 1.35 at today's rents, comfortably clearing most program minimums.
The most common play we finance is the bridge-to-DSCR cycle: buy under market with short-term capital, renovate, lease at market rent, then refinance into a 30-year DSCR loan and pull capital back out at up to 75% LTV. Because DSCR programs have no loan-count limit and qualify each property on its own cash flow, investors scale from two doors to twenty without ever showing a tax return.
Example: a triplex in Lake Worth purchased at $640,000, renting at $6,300/month total. With taxes, insurance, and the mortgage payment totaling $5,100/month, the DSCR is 1.24 - strong enough for 80% LTV pricing at the low end of the rate range. The borrower closed in 12 days as an LLC, with no W-2s and no personal income documentation.
South Florida Markets We Lend In
Miami · Fort Lauderdale · Boca Raton · West Palm Beach · Delray Beach · Pompano Beach · Hollywood · Deerfield Beach · Boynton Beach · Lake Worth · Coral Springs · Plantation
DSCR Cash-Out Refinance — Coconut Creek duplex
Investor held a stabilized duplex renting at $4,100/mo combined. We structured a 30-year DSCR cash-out at 70% LTV, no tax returns, closing in 16 days. The pulled equity funded the down payment on the next acquisition.
Illustrative scenario based on typical program terms. Every deal is priced individually.