How Much Can I Borrow With
a DSCR Loan in Florida?
Maximum loan amounts, LTV limits, and how much cash you can actually pull out of a Florida investment property — here’s the real breakdown so you can plan your next move with accurate numbers.
Why This Question Matters More Than the Rate
Most investors focus on interest rates when they’re evaluating a DSCR loan. The rate matters — but the loan amount and LTV limits are what actually determine whether you can execute your strategy. A loan that costs slightly more but unlocks the equity you need is almost always the better business decision.
Understanding the limits upfront lets you structure the right deal from the start — instead of getting 45 days into an application and finding out the numbers don’t work.
DSCR Loan Maximums: What Florida Lenders Typically Allow
| Loan Type | Max LTV | Typical Loan Range | Notes |
|---|---|---|---|
| Purchase (SFR) | 80% LTV | $100K – $3M+ | 20% down minimum |
| Rate-and-Term Refi | 80% LTV | $100K – $3M+ | No cash out |
| Cash-Out Refinance | 75% LTV | $100K – $2.5M+ | Based on current appraised value |
| 2–4 Unit Properties | 75–80% LTV | $150K – $3M+ | Each unit’s rent contributes to DSCR |
| Short-Term Rental | 70–75% LTV | $150K – $2M | STR income documentation required |
| Foreign National | 65–70% LTV | $200K – $2M | Larger down payment typically required |
How to Calculate What You Can Borrow
The calculation is simpler than most people expect. Here’s a real-world Florida example:
Example: Cash-Out Refinance
| Current property value | $520,000 |
| Max LTV for cash-out | 75% |
| Max new loan amount | $390,000 |
| Existing loan balance | $240,000 |
| Cash in hand at closing | ~$150,000 (before closing costs) |
That $150,000 could be a down payment on your next two investment properties. That’s portfolio multiplication — from a single refinance.
Factors That Affect How Much You Can Borrow
- Appraised value: Everything is based on current market value — not what you paid for it
- Your DSCR ratio: A higher ratio may allow more flexibility on loan size or LTV
- Credit score: Higher scores unlock higher LTV at better rates
- Property type: Single-family vs. multi-unit vs. STR all have slightly different caps
- Lender overlays: Individual lenders may have tighter internal limits than the product allows
“Florida property appreciation has created a window. The question isn’t whether your equity is there — it’s whether you’re positioned to access it before market conditions shift.”
Are There Limits on How Many DSCR Loans I Can Have?
One of the biggest advantages of DSCR loans over conventional financing: no Fannie Mae 10-property cap. Conventional loans max out at 10 financed properties per borrower. DSCR loans — because they’re non-QM — are not subject to that restriction. Serious portfolio investors use DSCR lending specifically to scale past that ceiling.
Want to know exactly what your property qualifies for?
Run the real numbers with a licensed Florida DSCR specialist — no obligation, no credit pull to get started.