Your Rental Income Qualifies. Your W-2 Doesn’t Have To.
Florida landlords can refinance rental properties using a DSCR loan — qualifying on rental income alone. No tax returns. No W-2s. Just your property’s numbers doing the work.
✔ Qualify on Rental Income Only✔ STR / Airbnb Properties Eligible✔ NMLS #1933745 | Jhenesis Mortgage NMLS #2532705✔ Florida Statewide
What Is a DSCR Refinance and Why Do Florida Landlords Use It?
DSCR stands for Debt Service Coverage Ratio — the relationship between a rental property’s income and its mortgage payment. A DSCR loan qualifies you as a borrower not on your personal income, but on whether the property pays for itself.
This is transformative for Florida landlords who are cash-flow positive but whose tax returns — full of depreciation deductions and business expenses — show low reportable income. Conventional lenders see the tax return and say no. DSCR lenders look at the rent roll and say yes.
Find out if your rental property qualifies — free.
Tell us the rent and the mortgage balance. We’ll tell you if the numbers work.
Plug in your Florida rental property’s rent, estimated mortgage payment, taxes, and insurance to calculate your DSCR in minutes. Know your number before you talk to a lender.
What is a DSCR refinance for a rental property in Florida?
A DSCR refinance qualifies the borrower based on a rental property’s income rather than personal income. The DSCR is calculated by dividing gross monthly rent by the proposed monthly mortgage payment. Most lenders require a minimum DSCR of 1.0 to 1.25 for a cash-out refinance.
Can a Florida landlord refinance without showing personal income?
Yes. A DSCR refinance allows Florida landlords to qualify solely on the rental income of the subject property. W-2s, personal tax returns, and employment verification are not required.
What DSCR ratio do I need to qualify for a cash-out refinance in Florida?
Most DSCR lenders require a minimum DSCR of 1.0 for cash-out refinances, meaning monthly rental income must at least equal the proposed mortgage payment. Some lenders require 1.1 or higher for better LTV options. A broker can identify the most flexible lenders for your specific property.
What is the maximum LTV for a DSCR cash-out refinance in Florida?
Most programs allow up to 75–80% LTV for single-family investment properties. Multi-unit properties may have slightly lower LTV caps. Exact maximums depend on DSCR, credit score, and lender.
Does a DSCR loan require a lease agreement?
Most lenders require an executed lease or a market rent appraisal (Form 1007). Vacant properties can sometimes qualify using the appraiser’s market rent estimate.
Can I do a DSCR refinance on a short-term rental in Florida?
Yes. Some DSCR lenders accept 12-month STR income from Airbnb or VRBO in place of a traditional lease. Not all lenders accept this, so working with a specialist broker is important. Florida STR markets including Orlando, Kissimmee, and the Gulf Coast make this option viable and common.
Your Rental Income Is the Qualification. Let’s Run the Numbers.
Free DSCR refinance review for Florida landlords. Tell us what your property earns — we’ll tell you what it qualifies for.
