Begin your Florida DSCR Loan Pre-Approval

View Loan Assumptions
Rates subject to change without notice

Florida DSCR Loan Requirements

DSCR [ Debt Service Coverage Ratio ]

The Debt Service Coverage Ratio is a ratio of a property’s annual net operating income and its annual mortgage debt, including principal and interest. Lenders use DSCR to analyze how much of a loan can be supported by the income coming from the property as well as to determine how much income coverage there will be at a specific loan amount.

What Are the Requirements?

Minimum credit score 660
Must be an Investment Property
Minimum down payment of 25% for Single Family Homes and Non-Warrantable Condos
Minimum down payment of 30% for Condotels & 5 to 8 unit properties
Maximum of 75% loan to value for refinances
Borrower must own a primary residence

What is the appeal of a DSCR loan?

One of the big benefits of a DSCR loan is that a personal income Is not required. We are interested in the cash flow the subject property is calculated to generate.

Fidelity Home Group Florida DSCR Loan features:

No leases are required to be listed
No lease required if not rented
Available for purchases and cash-out or rate-term refinance
No limit on total number of properties
Maximum loan amount $5 million
No personal income used to qualify
Qualifications based on property cash flow
Condotels and Non-Warrantable Condos are eligible
40 year fixed interest only available
Properties can be in LLC’s name
Minimum Debt Service Coverage Ratio of 1%

What Is a Debt Service Coverage Ratio Loan?

A DSCR loan is a type of non-QM loan for real estate investors. We use our DSCR Mortgage Program to help qualify real estate investors for a loan because it can easily determine the borrower’s ability to repay without verifying income.

How Does a DSCR Loan Work?

Commonly real estate investors write off expenses on their properties, some may not qualify for a conventional loan. The debt service coverage ratio loan allow you to qualify more easily because we do not require proof of income via tax returns or pay stubs.

Get Pre-Approved by Florida Mortgage Experts

Start Your Florida DSCR Loan Pre-Approval Online!

Port Charlotte Mortgage Approval