Florida Mortgage Pros

DSCR Loan Guide

How a DSCR loan works

A Debt Service Coverage Ratio (DSCR) loan qualifies investment properties on their rental income — not your personal income. No W-2s, no tax returns, no employment verification.

The DSCR formula

DSCR = Gross Monthly Rent ÷ PITIA (principal, interest, taxes, insurance, and any HOA dues). A DSCR of 1.00 means the rent exactly covers the mortgage payment. A 1.25 DSCR means the rent is 25% higher than the payment.

Most lenders look for a DSCR of 1.00–1.25. Florida Mortgage Pros offers programs that go down to 0.75 DSCR (and even no-ratio) with pricing adjustments — perfect for high-appreciation markets where rent lags purchase price.

What we look at (and what we don't)

We qualify on:
  • The property's rental income (market rent or lease)
  • Credit score (typically 620+; best pricing at 720+)
  • Loan-to-value (up to 80% LTV purchase, 75% cash-out)
  • Reserves (typically 3–6 months PITIA)
  • Property type and condition
We do NOT require:
  • Tax returns (personal or business)
  • W-2s or pay stubs
  • Employment verification
  • Debt-to-income (DTI) ratio
  • 4506-T / IRS transcripts

Eligible properties

  • Single-family rentals (SFR)
  • Condos & townhomes
  • 2–4 unit properties
  • 5–10+ unit multifamily
  • Mixed-use (residential majority)
  • Short-term rentals (Airbnb / VRBO)
  • Portfolio loans (multiple properties)
  • Non-warrantable condos

Loan terms at a glance

Loan amounts$100k – $5M+
Term30-year fixed, 5/1 & 7/1 ARM, interest-only options
LTV (purchase)Up to 80%
LTV (cash-out refi)Up to 75%
Min credit score620 (program dependent)
Min DSCR0.75 (or no-ratio with adjustment)
VestingPersonal name or LLC
PrepaymentMultiple step-down options (or none)

The process — 5 steps

  1. 1
    Quick scenario

    Tell us about the property, purchase price or value, and estimated rent. We'll quote rate and terms within hours.

  2. 2
    Application

    Light docs only: ID, credit auth, entity docs if vesting in an LLC, and bank statements for reserves.

  3. 3
    Appraisal + rent schedule

    We order an appraisal with a 1007 rent schedule to confirm market rent.

  4. 4
    Underwriting

    Property-focused underwriting — no DTI, no tax returns, no employment calls.

  5. 5
    Closing

    Sign at a local title company. Many DSCR loans close in 21–30 days.

See if your property qualifies

Send the address, purchase price, and estimated rent. We'll DSCR-test it for free.

Get a DSCR Quote