No W-2. No Tax Returns.
Miami real estate investors: finance rental properties using the property's income — not your personal income. 30-year fixed terms. 620+ credit. LLC borrowing. Close in 14-21 days.
Check My Miami Rate →The economy runs on international trade and finance, PortMiami and the cruise industry, the Jackson and Baptist health systems, tourism, and a large international buyer base. The rental stock is concrete-block single-family across Miami-Dade and Broward, a large condo inventory, and a basis among the highest in the Southeast.
Florida is judicial and slow to foreclose. South Florida windstorm and flood insurance is the most expensive in the country and is the decisive DSCR line — it can exceed the tax line. Post-Surfside condo reserve and inspection requirements have made condo underwriting materially harder and narrowed the lender field. A large share of buyers are international and cash, which shapes comparables. Foreign national programs are a common fit.
Because the tax line is the swing factor here, run the DSCR with the actual current bill and the reassessed figure after purchase — in Miami they are frequently not the same number, and the lender will use the higher one.
Get a bindable insurance quote before you go under contract. In Miami the premium is large enough to move the ratio across the 1.0 line on its own.
A military tenant base produces reliable rent and predictable turnover on the PCS cycle. Some capital sources treat that as a positive; a few discount for concentration. State it in the file either way.
Also see: Jacksonville, FL →Orlando, FL →Fix & Flip Loans in Miami →Fort Myers, FL →Lakeland, FL →Palm Bay, FL →Pensacola, FL →Sarasota, FL →
DSCR rental loans in Miami qualify based on the property's rental income, not your W-2 or tax returns. Min credit 620, max 80% LTV purchase / 75% cash-out, 30-year fixed terms, LLC borrowing allowed, close in 14-21 days.
LendingStreet has structured $4.36B+ across 8,196 deals nationwide. NMLS #1734316 · 30+ capital sources · 50 states.
Miami is an international market with constant inflow from Latin America, Europe, and domestic high-net-worth buyers. Tax-free Florida, warm weather, and post-pandemic remote work brought permanent migration. STR (short-term rental) is particularly strong — properties in Brickell, Wynwood, and Miami Beach generate significantly higher yields than traditional long-term rentals.
We finance rentals and projects throughout the metro. The loan is underwritten on the property, its rent or after-repair value and your experience — not on the neighborhood name.
We also fund investments throughout the greater Miami metro including Coral Gables, Doral, Pinecrest, Homestead, and Aventura.
Illustrative examples of structures we finance — not specific funded loans. Terms depend on the borrower, property and capital source.
Miami rental properties typically need a DSCR of 1.10x to 1.25x to qualify. Higher DSCR unlocks better pricing. Properties in Coral Gables often qualify easily on gross rent alone.
Miami markets favor SFR, 2-4 unit multifamily, and small apartment buildings. Some lenders impose condo restrictions. STRs require DSCR programs that accept projected revenue.
All LendingStreet DSCR programs in Miami allow LLC borrowing with personal guarantees. Standard for asset protection.
Miami's 7.1% YoY appreciation makes cash-out refinancing attractive. Typical caps: 70-75% LTV. Use equity to acquire more Miami properties.
From our loan records, all products. Borrower names and addresses withheld.
Source: LendingStreet loan records (Pipedrive), September 30, 2026. Borrower names and property addresses withheld; loan amounts shown as recorded. Terms are set by the capital source and vary by borrower, property and program.
How the numbers work: see a worked DSCR calculation or run your own in the DSCR calculator.
Yes. DSCR loans qualify based on the Miami rental property's projected income — not your personal income. No W-2, no tax returns required.
Most Miami DSCR programs through our capital sources start at a 620 credit score. Higher scores improve leverage and pricing.
Most lenders require a minimum DSCR of 1.00x. Better pricing kicks in at 1.20x+. Miami rental yields average 5.2% making 1.20x achievable in most submarkets.
Yes. LendingStreet DSCR loans in Miami allow borrowing in an LLC with a personal guarantee.
Miami DSCR loans typically close in 14-21 days from complete application. Well-prepared borrowers can close in 10-14 days.
Yes. STR-specific DSCR programs qualify based on projected short-term rental revenue. Some Miami areas have STR restrictions — verify local rules.
DSCR loans in Miami start at $150K with no maximum loan amount — larger loans are placed with jumbo DSCR sources in our network.
Yes. Rate-and-term refis and cash-out refis are available on Miami rentals. Cash-out caps at 70-75% LTV.
Almost always the tax line. The lender uses the reassessed bill after purchase, which is often higher than the seller's current bill.
Enough to decide it. Get a bindable quote before contract; the premium can move the ratio across 1.0 on its own.
It affects the lender's side. A faster recovery timeline widens the pool of sources comfortable writing there; a slower one makes some conservative on leverage.
No credit pull. No commitment. Speak with a licensed financing company with direct access to 30+ capital sources.
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