Florida investors have watched values rise across Tampa, Orlando, Jacksonville and South Florida. Pulling that equity out with a DSCR cash-out refinance is a smart move for many, but in Florida the insurance quote can matter as much as the rent.
In short: Our top pick for a DSCR cash-out refinance in Florida is LendingStreet. We qualify on the rent, not your tax returns, lend to LLCs as standard, and offer cash-out up to 75% LTV on 1-8 unit rentals from $150,000 with no stated maximum. Because Florida insurance and non-homestead taxes can squeeze the ratio, we test your file at more than one leverage level and can look at sub-1.0 programs when it fits.
Investors choose LendingStreet in Florida because the loan is underwritten on the property's rent, LLC borrowers are standard, and cash-out reaches 75% LTV on 1-8 unit rentals. Loans start at $150,000 with no stated maximum, 30-year terms are available, and sub-1.0 DSCR programs exist for files that land just under 1.0x.
It fits investors who want equity for the next purchase, for repairs, or to pay off a short-term loan, and who would rather not wait on a bank's tax-return review. To start, get a quote with the form below or call (877) 298-1001.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital for a DSCR cash-out refinance loan for investors in Florida, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Rental loan above $2M | LendingStreet | Our DSCR loans have no stated maximum. LendingOne states DSCR loans up to $2,000,000 and RCN Capital states long-term rental loans up to $1.5M. |
| Credit score in the 620s | LendingStreet | Our DSCR minimum is 620. RCN Capital and New Silver state 660 minimums, and Dominion Financial states 680, with exceptions to 660. |
| 5-8 unit building | LendingStreet | We treat 1-8 units as residential DSCR. Lima One and CoreVest state 1-4 unit eligibility for their rental loans. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Every lender type has a place, but a long-term cash-out on a rental has specific needs. Here is how LendingStreet lines up against the usual alternatives in Florida.
| Question | LendingStreet | Typical bank | Private individual lender |
|---|---|---|---|
| Qualifying | On the rent the property earns | On your personal income | Lender discretion |
| Title in an LLC | Standard | Often requires personal title | Often allowed |
| Cash-out | Up to 75% LTV on 1-8 units | Varies; investor caps common | Usually lower leverage |
| Term and structure | 30-year terms available | Often adjustable or shorter | Usually short-term |
| Coverage | All 50 states and DC | Local footprint | One-off, local |
| Credit floor | 620 minimum | Often higher | Varies |
Florida's rental markets cover a wide range. Tampa Bay and Orlando have large stocks of single-family rentals and newer subdivision homes. Jacksonville offers lower entry prices and many duplexes and small multifamily buildings. South Florida, from Miami to Palm Beach, has high values, older concrete-block homes and many condos. Smaller markets such as Lakeland, Ocala, Pensacola and Fort Myers each have their own rent levels and storm history.
Wherever you are, the cash-out works the same way: the appraisal sets the value, the lease sets the rent, and taxes, insurance and any HOA set the payment the rent has to cover.
Florida insurance has been expensive and, in some areas, hard to place. Wind coverage, hurricane deductibles and flood insurance in mapped flood zones all add to the monthly payment. Roof age matters a great deal, and many carriers want a recent roof and a wind mitigation inspection before they quote.
Get a firm landlord policy quote, plus flood if the property is in a flood zone, before you choose a cash-out amount. A cheaper estimate can make the ratio look better than it will be at closing.
Florida charges documentary stamp tax on promissory notes and an intangible tax on new mortgages. On a refinance, some or all of the tax may be calculated on new money only, depending on how the loan is structured. Your title agent will calculate the exact amount.
For property taxes, the Save Our Homes cap and the homestead exemption apply only to an owner's home. Non-homestead property, including rentals, has a separate 10% annual cap on assessment increases for non-school taxes. Budget on the current rental tax bill, not a seller's homestead bill.
Florida's condo rules changed after the Surfside collapse. Many buildings three stories and taller now need milestone inspections and structural reserve studies, and some owners face large special assessments. A building with open safety issues or underfunded reserves may not qualify, so ask the association for its current inspection and reserve status.
Seasoning for cash-out varies by program. Cash-out goes up to 75% LTV on standard rentals and can be lower on 5-8 units and larger balances. Vacation rentals near Orlando's parks and the beaches may qualify on projected short-term revenue on some programs.
This example is illustrative and not a quote. An investor owns a Tampa single-family rental appraised at $400,000, leased at $2,700 a month, with a $150,000 balance, taxes of $550 a month and a $350 monthly landlord policy. At 75% LTV the new loan is $300,000, and estimated principal and interest is about $2,047 a month. Adding taxes of $550 and insurance of $350, the payment is about $2,947 and DSCR is about 0.92x. Paying off the $150,000 balance leaves about $150,000 before closing costs.
At 65% LTV the loan drops to $260,000, principal and interest to about $1,774, the payment to about $2,674 and DSCR rises to about 1.01x, with about $110,000 in cash. Here insurance and taxes push the 75% option under 1.0x, while 65% clears it. The investor can take the smaller cash-out or ask about a sub-1.0 DSCR program.
| Item | 75% LTV cash-out | 65% LTV cash-out |
|---|---|---|
| Appraised value | $400,000 | $400,000 |
| New loan amount | $300,000 | $260,000 |
| Estimated principal and interest | $2,047 | $1,774 |
| Property taxes (monthly) | $550 | $550 |
| Insurance (monthly) | $350 | $350 |
| Total monthly payment | $2,947 | $2,674 |
| DSCR at $2,700 rent | About 0.92x | About 1.01x |
| Cash after $150,000 payoff, before costs | $150,000 | $110,000 |
A few direct questions separate a good cash-out fit from a frustrating one. Use this list, and compare it with LendingStreet's answers below.
Clear answers up front save weeks later. Call (877) 298-1001 to walk through your file against this list.
Send us the address, an estimated value, current rents, your balance and the tax and insurance figures. A loan officer will test the cash-out at a few loan amounts and explain the trade-offs. Get a quote with the form below or call (877) 298-1001.
Our top pick is LendingStreet. We qualify on rent with no tax returns, lend to LLCs, and offer cash-out up to 75% LTV on 1-8 unit rentals, with sub-1.0 programs when the ratio is tight.
Yes. We lend in all 50 states and DC, including every Florida county.
Usually insurance or taxes. A high wind premium or a non-homestead tax bill can lower the ratio quickly. Get a firm quote early.
Documentary stamp and intangible taxes can apply to the new loan, often focused on new money. Your title agent calculates the exact figure.
Yes, if the building meets program requirements. Ask the association about milestone inspections, reserves and special assessments first.
Yes. Some programs qualify on projected short-term rental revenue if local rules allow nightly rentals.
Yes. It drives your insurance quote, which flows directly into DSCR.
Get a quote with the form below or call (877) 298-1001 with your value estimate, rent, insurance quote and balance.
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