DSCR loans in Florida
Rental-property financing that qualifies on the property’s income — not your tax returns and not your personal debt-to-income.
If a Florida rental covers its own payment, it can often stand on its own. And a low ratio isn’t a dead end: our program has reduced-ratio and no-ratio tiers below a 1.0 DSCR.
- No tax returns · no personal DTI
- Non-warrantable condos eligible
- Below-1.0 DSCR options
What is a DSCR loan?
DSCR stands for debt-service coverage ratio — the rent a property brings in divided by its full monthly payment (principal, interest, taxes, insurance, and any HOA, together called PITIA). A DSCR of 1.0 means the rent exactly covers the payment; above 1.0 it runs a surplus.
Because the loan qualifies on the property’s cash flow, a DSCR lender doesn’t ask for your W-2s, tax returns, or personal debt-to-income.
That’s why these loans fit Florida investors so well — self-employed owners, buyers scaling a portfolio, and out-of-state or international buyers who’d never fit a conventional box. DSCR loans are business-purpose loans for investment properties only — not for a home you live in.
A Tampa single-family rents for $2,600 a month. Its full house payment (PITIA) is $2,300. DSCR = $2,600 ÷ $2,300 = 1.13 — comfortably above 1.0, so it qualifies on standard terms.
Drop the rent to $2,150 and the ratio falls to 0.93 — still financeable through our reduced-ratio tier, keep reading to learn more about DSCR under 1.0.
Who Florida DSCR loans fit
DSCR loans solve a specific problem: a strong property whose owner has income that’s hard to document the conventional way.
In Florida, that describes a lot of investors with these characteristics:
- Self-employed and 1099 owners whose tax returns understate their real cash flow
- Out-of-state and international buyers who can't fit a conventional underwriting box
- Investors scaling past the ten-property limit that conventional financing caps you at
- Buyers targeting non-warrantable condos that conventional lenders decline outright
- Owners who want to keep their personal debt-to-income clear for the next purchase
Want to know if DSCR is a good fit for you or see what you qualify? Take our easy qualifier Quiz, takes less than 60 seconds ->
Andes Mortgage's DSCR program — Florida
Here’s the shape of what we can do on a Florida DSCR loan. These are typical ranges across our investor lending shelf — your exact terms depend on the property, your credit, and the loan size.
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Parameter
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Andes DSCR program — Florida
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Minimum credit score
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We work with as low as 640 credit score
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Max LTV — purchase (DSCR ≥ 1.0)
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Up to 85% for credit scores >700
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Max LTV — cash-out refinance
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Up to 75%
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DSCR 0.75–0.99 (reduced-ratio)
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Available — expect roughly a 5–10% LTV reduction vs. standard
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DSCR below 0.75 / no-ratio
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Available — typically to ~60–70% LTV at a higher credit score
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Loan amounts
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~$100K to $2.5M (minimum rises to ~$200K on sub-1.0 DSCR)
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Reserves
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3 months PITIA up to ~$1M; 6 months above ~$1M or on sub-1.0 DSCR
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Mortgage / rental history
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0x30x12 typical (no 30-day lates in 12 mo.)
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Property types
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SFR, PUD, townhome, 2–4 units, condos, and non-warrantable condos
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Rural property
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Allowed with up to 65% LTV
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Occupancy
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Business purpose / investment only
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What you need to know about DSCR loan pricing: DSCR rates run somewhat above a comparable owner-occupied loan — that’s the trade for skipping income documentation and qualifying a business-purpose property on its cash flow.
Points, prepayment-penalty options, and interest-only structures all move the number, so the right question is total cost over your hold period, not the headline rate. We’ll model a few structures side by side so you can see the trade-offs.
Figures are typical ranges from current wholesale lending guidelines — not a single lender’s terms and not a commitment to lend. Guidelines last verified: July 2026.
DSCR Loans under 1.0 ratio
Perhaps the single most misunderstood thing about DSCR lending — and the big national sites (Rocket, Bankrate, NerdWallet) rarely explain it and many mortgage shops will deny you on the spot.
What if the rent comes in below the total payment which causes your debt service ratio to fail.
In the industry, we call this a ratio below 1.0 and this can kill your deal regardless of your FICO or experience.
With Andes Mortgage, a ratio below 1.0 doesn’t mean “no”, it just moves you to a different tier, with terms that adjust for the lower coverage. Here’s how the structure actually works:
The rent covers the payment. You’re on the main program — best LTVs, widest credit range, lowest pricing.
The rent falls a little short. Still very financeable — expect roughly a 5–10% LTV reduction (a bit more down) in exchange for the lower ratio.
Even a property that doesn’t cash-flow on paper can be financed through a no-ratio structure — typically to ~60–70% LTV with a higher credit score.
So the real question is never “do I clear 1.0?” — it’s “which tier does this property land in, and what does that do to my down payment?” That’s exactly what we price out for you. See how below-1.0 DSCR financing works →
What matters for Florida DSCR deals
Florida’s inventory has some quirks a national page won’t cover. These are the overlays we see most often across the state.
- Non-warrantable condos are eligible
Florida is full of condos that conventional lenders decline — high investor concentration, ongoing litigation, or reserve shortfalls after the state’s newer inspection and funding rules. Our DSCR program finances many non-warrantable condos that get turned away elsewhere.
- Condo LTV gets a closer look
Newer or recently converted condo projects, and higher-LTV condo requests, carry additional project review and can see a reduced maximum LTV. We flag it up front so the down payment isn’t a surprise at underwriting.
- Declining-market adjustments
In markets flagged as declining, expect roughly a 5% reduction in maximum LTV. With Florida listing prices softening in several metros, it’s worth pricing this in early rather than late.
- Foreign national route
Buying Florida rentals from abroad? DSCR pairs with our foreign national program so you can qualify on the rent with no US credit — a natural fit for Florida’s international investor base.
Overlay ranges reflect current wholesale guidelines and vary by lender, project, and market. Foreign national details live on the foreign national loans page.
Short Term DSCR loans for Airbnb properties in Florida
Florida is one of the country’s biggest short-term-rental markets, and DSCR loans can finance STR properties — but the terms tighten.
Because nightly income swings with the season, STR DSCR generally expects a minimum DSCR around 1.0–1.15, a higher credit score (often ~720+), a reduced LTV, and documentation of the rental history or an AirDNA-style projection rather than a standard long-term lease.
Short-term rentals underwrite differently enough to deserve their own conversation. Start with Mortgage Match or talk to an advisor and we’ll walk the STR-specific terms for your property.
Check your Florida investment deal with our DSCR loan calculator
Enter the rent and the payment and see the ratio — and which tier your property lands in. No email required.
Prefer the full page? Open the DSCR loan calculator. Already own Florida rentals? A DSCR HELOC taps the equity, and a DSCR cash-out refinance pulls it out at up to 75% LTV.
Florida DSCR loan questions
Can I get a DSCR loan in Florida with no income verification?
Yes. A Florida DSCR loan qualifies on the rental property’s cash flow, so there are no tax returns, no W-2s, and no personal debt-to-income calculation. You’ll still document the property, your credit, reserves, and the rent — but not your personal income.
What credit score do I need for a DSCR loan in Florida?
Most Florida DSCR programs start around 660–700, and reduced-LTV routes can go down to roughly 640. A higher score widens your maximum LTV and improves pricing, and it matters more on lower-ratio and cash-out loans.
Can I finance a non-warrantable condo in Florida with a DSCR loan?
Often yes — this is a real Florida advantage. Many condos here are non-warrantable because of investor concentration, litigation, or reserve shortfalls, and conventional lenders decline them. Our DSCR program finances many of these projects, though newer or higher-LTV condos carry extra project review and can see a reduced LTV. At Andes Mortgage, we finance non-warrantable projects with DSCR loans.
What if my property's DSCR is below 1.0?
It’s still financeable with Andes. From 0.75 to 0.99 you’re in the reduced-ratio tier, usually with about a 5–10% LTV reduction. Below 0.75, a no-ratio structure can go to roughly 60–70% LTV with a higher credit score. A low ratio changes your terms — it isn’t an automatic decline.
How much can I borrow, and how much do I put down?
Loan amounts run from about $100K to $2.5M (the minimum rises to around $200K on sub-1.0 DSCR loans). On a purchase at a 1.0+ DSCR you can reach up to 85% LTV — about 25% down — at strong credit; cash-out tops out around 75%. Lower ratios and declining-market or condo overlays raise the down payment, so the cleanest way to know your number is to run the property through the calculator or start Mortgage Match and let us price the specific deal.
Can I use a DSCR loan for a Florida Airbnb or short-term rental?
Yes, though terms will vary compared to a long-term rental DSCR. Short-term rentals generally expect a minimum DSCR near 1.0–1.15, a higher credit score, a reduced LTV, and documentation of rental history or a projection. Reach out and we’ll walk the STR-specific numbers for your property.
Do DSCR loans work for foreign national investors buying in Florida?
Yes. DSCR pairs with our foreign national program, so investors living abroad can qualify on the property’s rent with no US credit required — a common path for Florida’s international buyers.
Related pages
Our coverage of Florida — programs and market
Ready to finance a Florida rental?
Start Mortgage Match and we’ll tell you which DSCR tier your property lands in and what you’d put down — no credit pull, no obligation. Hablamos español.
Andes Mortgage LLC · NMLS #2187991 · Equal Housing Lender. Licensed mortgage broker in Florida. DSCR loans are business-purpose loans for investment properties only. Figures shown are typical ranges from current wholesale lending guidelines as of July 2026 — not a single lender’s terms and not a commitment to lend. Program terms and eligibility vary by lender and are subject to change without notice.