DSCR Refinance – Florida Lender
A DSCR (Debt Service Coverage Ratio) refinance is designed specifically for real estate investors who want to qualify based on property performance—not personal income. Lenders evaluate whether the rental income covers the mortgage payment, allowing investors to refinance without W-2s, pay stubs, or tax returns.
This refinance option is ideal for lowering interest rates, restructuring existing loans, or tapping property equity through a cash-out refinance to fund additional investments. DSCR refinances are also well suited for investors with complex financials or those scaling their portfolios quickly.
At Select Home Loans, we provide fast, investor-friendly DSCR refinancing solutions that cut through red tape and help your properties work harder for you.
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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.
