Florida Rental Loans
A Florida DSCR loan lets you finance a rental property based on the rent it earns, not your personal income. Lend Private Money is based in the Orlando area and offers DSCR loans across Florida for single family homes, 2–4 unit properties, townhomes and warrantable condos, with 30-year fixed and hybrid ARM options from $75,000 to $2,000,000.
| Requirement | Lend Private Money |
|---|---|
| Minimum DSCR | 1.20x (monthly gross rent ÷ PITIA) |
| Minimum credit score | 680 |
| Max LTV | Up to 80% purchase or rate-term refinance, 75% cash-out (720+ FICO) |
| Loan amount | $75,000 – $1,000,000 (1 unit); up to $2,000,000 (2–4 units) |
| Property types | Single family, 2–4 units, townhomes, PUDs, warrantable condos |
| Borrower | Individual, LLC or US corporation |
| Not eligible | Vacation and seasonal rentals |
Full program details: DSCR loans.
In Florida, property insurance is often the line item that decides whether a rental qualifies. DSCR is calculated on PITIA, which includes the monthly insurance payment, so a higher premium raises the payment and lowers your ratio. Before you make an offer:
Illustrative only. A single family rental leases for $2,600 a month. Principal and interest are $1,550, taxes $300, insurance $350 and no HOA, so PITIA = $2,200. DSCR = $2,600 ÷ $2,200 = 1.18x, just under our 1.20x minimum. With a slightly larger down payment that brings principal and interest to $1,480, PITIA becomes $2,130 and DSCR = 1.22x, which qualifies.
Many Florida investors buy and renovate with a fix and flip loan, rent the property out, then refinance into a DSCR loan to hold it long term. That’s the BRRRR method. For short-term financing anywhere in the state, see hard money lender in Florida.
FAQs
It’s a rental property loan that qualifies you based on the property’s rental income compared with its monthly payment (the debt service coverage ratio) instead of your personal income.
Lend Private Money requires a minimum DSCR of 1.20x, meaning the monthly gross rent is at least 1.2 times the monthly principal, interest, taxes, insurance and HOA payment.
No. Vacation and seasonal rentals are not eligible for our DSCR program.
Yes. Individuals, LLCs and US corporations can borrow.
Get your Florida DSCR quote: call 407-401-8790 or apply now.
Secure Your Real Estate Loan Today!
