DSCR loan snapshot for Florida
| Item | Estimate |
|---|---|
| Minimum down payment | 20%–25% |
| Minimum credit score | 660–700 |
| Typical FL home value | $325,000 |
| 3.5% down on typical home | $11,375 |
| 20% down on typical home | $65,000 |
| Avg. effective property tax | 0.79%/yr (~$213/mo) |
| Income for typical home (31% rule) | $101,000 |
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Which Florida programs pair with DSCR loans?
- Florida Assist: A 0% deferred second mortgage for down payment and closing costs, repaid when you sell, refinance or pay off the first loan.
- HFA Preferred/Advantage PLUS: A first mortgage paired with a forgivable second mortgage based on a percentage of the loan.
- Hometown Heroes: When funded, assistance for eligible full-time workers in Florida-based occupations.
Details and current limits: Florida Housing Finance Corporation.
How is DSCR calculated?
Lenders divide the property's market rent (from an appraiser's rent schedule or an existing lease) by the full monthly payment: principal, interest, taxes, insurance and any HOA dues. Example: $2,400 rent ÷ $2,000 payment = 1.20 DSCR.
Typical DSCR loan requirements
- Down payment: 20%–25% (sometimes 15% for strong files).
- Credit: 660–700 minimum.
- Reserves: commonly 3–12 months of payments.
- Property types: 1–4 unit homes, condos and townhomes; some lenders allow short-term rentals.
DSCR loans in Florida cities
JacksonvilleMiamiTampaOrlandoSt. PetersburgHialeahPort St. LucieCape CoralTallahasseeFort LauderdalePembroke PinesHollywoodGainesvilleMiramarCoral SpringsLehigh AcresPalm BayWest Palm BeachSpring HillClearwaterLakelandBrandonPompano BeachMiami GardensRiverviewDavieBoca RatonSunriseDeltonaPalm CoastPlantationFort MyersAlafayaDeerfield BeachTown 'n' CountryMelbourneLargoPine HillsThe VillagesMiami BeachHomesteadBoynton BeachNorth PortKissimmeeKendallDoralDaytona BeachLauderhillWesley ChapelTamaracPoincianaWestonDelray BeachPort CharlotteOcalaPort OrangeSanfordHorizon WestSt. CloudWellingtonPalm HarborJupiterFour CornersPalm Beach GardensNorth MiamiThe HammocksMargateCoconut CreekFountainebleauBradentonSarasotaApopkaBonita SpringsPensacolaPinellas ParkWestchesterWinter HavenKendale LakesTamiamiCountry ClubCoral GablesTitusvilleUniversityFort PierceOcoeeWinter GardenAltamonte SpringsClermontNorth LauderdaleCutler BayNorth Fort MyersOakland ParkGreenacresOrmond BeachNorth Miami BeachLake Worth BeachUniversityLand O' LakesPrincetonHallandale BeachMeadow WoodsThe AcreagePlant CityOviedoDeLandLakewood RanchAventuraRoyal Palm BeachNavarreValricoWinter SpringsRiviera BeachSouth Miami HeightsEsteroDunedinRichmond WestLauderdale LakesParklandEgypt Lake-LetoCarrollwoodFruit CoveKendall WestGolden GladesMerritt IslandPanama CityCooper CityWest Little RiverEast LakeBuenaventura LakesSun City CenterDania BeachLake MagdaleneLakesideNew Smyrna BeachHaines CityOakleaf PlantationMiami LakesFerry PassRuskinWinter ParkCasselberryVero Beach SouthFleming IslandEast Lake-Orient ParkGolden GateLeesburgApollo BeachRockledgeCitrus ParkCrestviewWest MelbourneSilver Springs ShoresWrightTemple TerraceLeisure CityPalm SpringsLutzKeystonePalm River-Clair MelVeniceIves EstatesFish HawkKey WestSebastianPalm CityPaceImmokaleeSouth BradentonNocateeTarpon SpringsNorthdaleBellviewWestchasePort St. JohnWorld Golf VillageOak RidgePalmetto BayLiberty TriangleWekiwa SpringsCoral TerraceBloomingdaleBayonet PointJacksonville BeachEustisBrentEdgewaterJasmine EstatesEnsleyHialeah GardensDeBaryThe CrossingsMarion OaksSunny Isles BeachHolidayFlorida RidgeHunters CreekLealmanFort Walton BeachMidwayWest PensacolaGrovelandPunta GordaBartowPalm ValleyTavaresBradfordvilleSweetwaterLynn HavenNaplesEnglewoodSeminoleCocoaTrinityMaitlandGibsontonCountry WalkPanama City BeachGlenvar HeightsZephyrhillsBayshore GardensSan Carlos ParkPinecrestStuartAuburndalePinewoodSouth VeniceLake ButlerViera WestUpper Grand LagoonOjusNew Port RicheySafety HarborBelle GladeMount DoraVero BeachWildwoodLake MaryMyrtle GrovePalmetto EstatesThree LakesBrownsvilleLake WalesLady LakeAzalea ParkOpa-lockaNicevilleMarco IslandLongwoodWarringtonPalmer RanchFruitvilleWest LealmanYuleeHomosassa SpringsMinneolaWest ParkSt. AugustineOldsmarForest CityLockhartThonotosassaGladeviewNaranjaKey BiscayneHobe SoundIonaEast MiltonSouthchaseLakewood ParkDestinBellair-Meadowbrook TerraceElfersGonzalezOn Top of the WorldOrange CityChevalSunsetMiami SpringsVillasAsbury LakePalmettoJupiter FarmsAtlantic BeachConwaySouth DaytonaCallawayFernandina BeachOlympia HeightsCelebrationCypress LakeNorth Palm BeachViera EastMangoWimaumaHolly HillPasadena HillsFlorida CityHighland CitySarasota SpringsGoldenrodDoctor PhillipsJensen BeachLake CityKey LargoGouldsShady HillsSouth MiamiMiddleburgLaurelLantanaWestviewGulfportMedullaLakeland HighlandsDavenportMiami ShoresNew Port Richey EastCitrus SpringsWilton ManorsCocoa BeachSatellite BeachSebringUnion ParkFairview ShoresPort SalernoHudsonSugarmill WoodsWest Vero CorridorBithloWestwood LakesPebble CreekFuller HeightsPine RidgeAlachuaMemphisPalatkaMiltonLighthouse PointPine CastleProgress VillageRotondaBardmoorCypress Gardens
Frequently asked questions
Yes. DSCR loans are available statewide in Florida through approved lenders, subject to county loan limits where they apply.
Often yes. Florida Housing Finance Corporation and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.
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Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.