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DSCR Loans for Investors In Florida 

Business purpose only loans without income documents for investors.  



What is a DSCR Loan? 

A DSCR (Debt Service Coverage Ratio) loan is a specialized business purpose only loan that allows real estate investors to qualify for a property loan based entirely on the property’s rental income, rather than the borrower's personal tax returns, W-2s, or employment history. David Barrett leverages a network of over 160 wholesale lenders to provide flexible DSCR financing options throughout Florida.

How do you qualify for a DSCR loan? 

Qualification relies primarily on the property's Cash flow from long term or short term STR  actual or estimated rental income.  The ratio of income divided by the mortgage payment (PITI) is used to qualify. 

  • No Personal Income Verification:  Borrowers do not need to provide employment history, pay stubs, w-2 or tax returns
  • Investor Flexibility: Ideal for self-employed individuals, business entities (LLCs), and scaling portfolio investors. 
  • Credit scores are considered and drive interest rates
  • Debt service ratios between Zero to above 1.25 are allowed
  • Cash reserves after closing are required 

What are the Down Payment requirements for a DSCR loan? 

Down payment requirements from 15% to 30% are required and depends on the set of circumstances  such as property type, credit scores, and debt service ratio.  Call me for details! 

DSCR loan calculator

DSCR= actual or estimated gross rent / monthly mortgage payment PITI+HOA. 100% of gross rental income is normally used. Estimated rent is derived from the comparable rent Schedule with the appraisal.  Short term rental units may use AIrDNA estimator is some cases.

What type of properties are allowed?

Property types include: single family homes, condos and Condotels(condo hotels), multiunit properties up to 8 units, and short term rental properties

DSCR loan programs appear simple at first. However, there are detailed guidelines for each loan program that can derail the application. Apply with a knowledgable loan officer with 30 years experience who knows what to look for providing the best opportunity for success.

Call me today to go over those details! (813)-498-1616