Get up to 80% LTV using projected rental income.
Rental Loan Terms
Qualify for rental property loans based on the future rental income, not personal income. No tax returns to submit.
| LTV | Up to 80% LTV |
| Interest rate | As low as 6.5% |
| Credit score | Minimum 680 |
| Loan size | Minimum $100,000 |
| Property types | Single family home, condo, townhouse or 1-4 unit properties |
| Loan types | Amortized or interest only |
| Loan terms | 30 year, 15 year, 5/1 and 7/1 ARM |
See How Much You Qualify For
- Secure up to 80% financing
- Get proof of funds today
- Same loan advisor (no handoffs)
Investment Property Loan Requirements in Florida
Here are the minimum loan requirements in the Sunshine State.
Credit Score
The minimum credit score to get approved for rental property financing in Florida is 680.
Loan Amount
The minimum loan amount is $100,000.
DSCR Ratio
A minimum DSCR ratio of 1.2 is required. Use our DSCR loan calculator to check your investment property.
Minimum Documentation
These documents will be required to get approved for any Florida rental loans.
- Driver’s License or State ID
- Articles of Organization
- LLC Operating Agreement
- EIN Letter
- Certificate of Status
Business Entity Required
Since these are business purpose loans, a legally registered business is required to get approved. Here’s how to apply for a new LLC in the state of Florida if you don’t already have one.
Florida Rental Property Loan FAQ’s
Common questions that Florida rental property investors tend to have.
What is the down payment for a rental property in Florida?
The minimum down payment to purchase or refinance a rental property in Florida is 20%. However, it can vary based on your credit score, LTV and and DSCR.
What are the current rental loan interest rates?
Current interest rates for rental property loans start at 6.5% (August 2024). Rates are subject to change and fluctuate daily.
What determines my interest rate on a rental loan in Florida?
Interest rates vary depending on your credit score, loan to value, real estate market risk and investment property risk.
Do you work with new investors?
Yes, Capital Ton LLC has options for new investors to secure DSCR loans. Seasoned investors can expect lower closing costs.
Does Capital Ton LLC offer loans for short term rentals?
Yes, Capital Ton LLC’s flexible loan options include DSCR for short term rentals.
Does Capital Ton LLC offer interest-only rental loans?
Yes, investors can secure interest-only rental loans which typically come with lower interest rates. These type of loans are interest-only for the first 10 years and then amortize for the following 20 years.
Call a Rental Property Loan Advisor
Is Florida a landlord friendly state?
Florida’s law leans towards landlords, specifically through its lack of rent control, flexible security deposit, late fee regulations and anti-squatting laws. Also, the Florida Statutes give landlords the option to freely increase rents to keep up with local demand.
The eviction process, outlined in the Florida Residential Landlord Tenant Act, allows for a rapid eviction if tenants fail to pay their rent after a three-day notice. On March 27, 2024, Governor Ron DeSantis signed House Bill 621, which gave landlords legal solutions against squatters and created penalties for squatting.
Best cities in Florida for rental property investors
These are the best cities to buy a rental property in Florida, based on rental market data, population growth, local demand for housing and access to high ranking school districts.
- Fort Lauderdale
- Jacksonville
- Miami
- Panama City
- Tampa
- Sarasota
- St. Petersburg