Why Choose a DSCR HELOC in Florida
A DSCR HELOC allows real estate investors to access home equity using property cash flow instead of personal income documentation. Lenders evaluate the property’s Debt Service Coverage Ratio to qualify borrowers—making it ideal for full-time investors, landlords, or anyone with complex or non-traditional income structures.
This credit line functions as a second mortgage, allowing you to preserve your existing first mortgage rate while unlocking capital for investment opportunities. Whether you're renovating a rental, purchasing your next property, consolidating debt, or managing cash flow, a DSCR HELOC offers flexible, on-demand funding tailored to investment needs.
At Select Home Loans, we streamline DSCR HELOC approvals for Florida investors, providing competitive terms, fast underwriting, and loan structures built to support long-term portfolio growth.
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DSCR (Debt Service Coverage Ratio) loans qualify the property, not you. Lenders calculate the property's expected rental income against its monthly debt service (principal, interest, taxes, insurance, and association fees). If the ratio meets the minimum — typically 1.0–1.25 — you qualify, regardless of what your personal tax returns look like.
This makes DSCR the workhorse loan for serious real-estate investors. There's no DTI calculation, no W-2s, no pay stubs, and no tax returns required. You can close in an LLC, scale across multiple properties, and use rental income (actual or market-rent appraisal estimates) to qualify.
Our DSCR program is one of the few products we offer nationwide — not just in Florida. We finance single-family rentals, 2–4 unit properties, short-term rentals (with an STR-friendly underwriting overlay), and small portfolios. Closings run 21–30 days for most files.
Most programs accept a 1.0 (rent equals payment) and offer better pricing at 1.25+. Specialty programs accept ratios as low as 0.75 with higher rates and lower LTV.
Yes — DSCR loans are designed for entity ownership. We close in your existing LLC or help you structure a new one before closing.
Either lease in place, market rent from the appraiser's 1007 form, or short-term rental projections (for STR programs). We use the higher of lease or market rent on most files.
Typically 20% down on purchases (sometimes 15% for strong borrowers) and up to 75–80% LTV on rate/term refinances and cash-out refinances.
Yes — DSCR is one of the few products we offer in all 50 states. Investors expanding portfolios across state lines can finance every property through a single broker relationship.
