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Buying investment property in Florida? Here’s what you should know: Investment loans usually have higher down payments and interest rates than traditional home loans. For example, conventional loans often require at least 15% down on single-unit investments and 25% on multi-unit ones. These loans come with shorter terms and need strong credit scores and cash reserves.
But there are benefits—you don’t risk your primary residence, and you can often use projected rental income to qualify.
Florida DSCR: 1.25 — property income covers mortgage 1.25x; may qualify for investor DSCR programs.
Programs like Asset Depletion, Bank Statements, DSCR, and Profit & Loss can help you qualify.
Plan for upfront costs like closing fees and possibly provide a lease agreement for rental properties.
Comment your city — we’ll post its DSCR stat.
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