The Premier Private Money Lender for Florida (Rental) Real Estate Investors

A DSCR loan in Florida is a type of investment property mortgage that qualifies borrowers based on the cash flow of the rental property rather than the investor's personal income. DSCR stands for debt service coverage ratio, which measures how much rental income a property generates relative to its monthly debt obligations. If a property's rental income exceeds its monthly loan costs, it has a DSCR above 1.0, which is Lima One's minimum threshold for approval.

Florida DSCR loans are a popular choice for real estate investors because they remove the need for tax returns, W-2s, or personal income verification. Instead, the property does the qualifying, making them an efficient path to financing rental properties that generate passive income, whether you're acquiring a single-family rental in Tampa, a vacation property in the Florida Keys, or expanding a portfolio across multiple markets. A minimum credit score of 660 is required to qualify.

Lima One provides financing for single-family homes, duplexes, triplexes, fourplexes, condominiums, townhouses, and vacation rental properties throughout Florida. Our rental property loans support diverse strategies, from long-term holds in expanding metro areas to seasonal rentals in beach communities and tourist destinations.

A DSCR loan in Florida uses your property's cash flow as the primary qualification factor — your personal income doesn't enter the equation. DSCR stands for debt service coverage ratio, and it measures how your property's rental income compares to its monthly debt payments. Florida DSCR loans from Lima One are built specifically for real estate investors: strong-performing properties with solid occupancy and consistent rental income earn access to more favorable rates and increased borrowing capacity.

We offer fixed-rate and adjustable-rate options with terms ranging from 5 to 30 years. Our portfolio loans can consolidate multiple rental properties under one mortgage with flexible repayment structures. Loan amounts range from $85,000 to $2.5 million per property, with higher limits available for portfolio financing.

Yes. Our cash-out refinance options let you tap into your rental property's equity to fund additional acquisitions, property improvements, or portfolio expansion. We refinance investment properties with competitive rates and loan-to-value ratios up to 75%, helping you leverage existing assets for wealth building.

Yes. All Florida rental properties must carry adequate landlord insurance (also called rental property insurance) covering liability and property damage. We also require professional property appraisals to establish accurate market values and ensure proper loan-to-value ratios for underwriting purposes.

Generally, our team can help you close a rental property loan in Florida within a few weeks. Our in-house underwriting team and efficient processes help you secure properties fast in competitive markets, ensuring you can jump on opportunities when they appear without getting delayed.

Florida DSCR loans offer significant advantages and potential tradeoffs for real estate investors.

On the upside, DSCR loans in Florida eliminate personal income documentation requirements, making them ideal for investors who are self-employed, own multiple properties, or hold real estate through LLCs. Approval is based primarily on the property's rental income and cash flow, not your tax returns, which allows for faster qualification and fewer documentation hurdles. Florida DSCR loans also work across Lima One's full range of eligible property types — from long-term single-family rentals to short-term vacation properties — using relevant income data for each strategy.

The main tradeoff is that DSCR loans typically require a larger down payment than owner-occupied mortgages. Lima One's Florida DSCR loans allow up to 80% LTV on purchases, meaning a minimum 20% down payment. Interest rates may also run slightly higher than conventional owner-occupied loans, reflecting the investment nature of the financing. Investors should factor in property taxes, landlord insurance, and ongoing maintenance costs when modeling cash flow to ensure the property comfortably meets the DSCR threshold at the time of application.