Florida Rental Property Loans

Investment Property Loans in Florida Based on Rental Income.

30 Year Fixed Rate

Interest only or fixed rate rental property loans designed exclusively for real estate investors.

  • Up to 80% LTV
  • Based on potential rental income
  • Short-term rentals allowed
  • Min loan amount: $75,000
  • Max loan amount: $3M


Refinance to increase cash flow, lower mortgage payments or cash out refinance to buy another property.

  • Up to 80% LTV (Refinance)
  • Up to 75% LTV (Cash out refinance)
  • Roll closing costs in loan proceeds
  • Min loan amount: $75,000
  • Max loan amount: $3M

Rental Portfolio Loans

Consolidate 5 or more rental properties into a single loan and one monthly payment.

  • Up to 80% LTV
  • Minimum 5 or more properties
  • Consolidated into 1 payment
  • Min loan amount: $500k
  • Max loan amount: $50M

Rental Loan Terms

Here are rental property loan terms for Florida. Qualify based on the future rental income, not personal income.

Credit score Minimum 680
LTV Up to 80% LTV
Interest rate As low as 7%
Property types Single family home, condo, townhouse or 1-4 unit properties
Prepayment No prepayment penalty after 3 years
Loan types Amortized or interest only
Loan terms 30 year, 15 year, 5/1 and 7/1 ARMs

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Minimum Loan Requirements

Here are the minimum rental property loan requirements in the Sunshine State.

Minimum Credit Score

The minimum credit score to get approved for a Florida rental property loan is 680.

Minimum Loan Amount

The minimum loan amount is $75,000.

Minimum DSCR Ratio

A minimum DSCR ratio of 1.2 is required. Use our DSCR loan calculator to determine your investment property’s DSCR.

Business Entity Required

Since these are business purpose loans, a legally registered business is required to get approved for a private money loan. Most lenders in Florida will require this, so it’s a good idea to apply for a new LLC in the state of Florida if you don’t already have one.

Minimum Documentation

The following 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

Best cities to buy a rental property in Florida

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

Is it hard to get a loan for a rental property in Florida?

Florida investment property loans are not based on personal income. Therefore, real estate investors can get ultra-competitive terms as long as they can come up with the minimum down payment, closing costs and other loan lender criteria.

How do I qualify for a DSCR loan in Florida?

You can qualify for a Florida DSCR loan if you meet the minimum credit score requirement, minimum DSCR ratio and have enough cash for the down payment.

Call a Rental Property Loan Advisor

Rental Loan FAQ’s

There are many types of rental property loans that are available to investors. Here are some common questions you may 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?

The current interest rates for rental loans as of March 2024 range from 7% to 11%. Rates are subject to change and fluctuate daily.

What determines my interest rate on a rental loan in Florida?

Your interest rate will vary depending on your credit score, loan to value, real estate market risk and investment property risk.

Does Capital Ton LLC work with new investors?

Yes, we have various options for securing Florida DSCR loans for new investors. Those typically come with slightly higher origination fees. Repeat or seasoned investors, can expect lower closing costs.

Does Capital Ton LLC offer loans for short term rentals?

Yes, Capital Ton LLC has flexible loan options such as DSCR and AirDNA for short term rentals. Seasoned and first-time investors are eligible for ultra-competitive terms.

Does Capital Ton LLC offer interest-only rental loans?

Yes, investors can secure “partial” 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.

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.

All this offers a pro-landlord environment for real estate investment. Ensuring landlords can efficiently manage and protect their assets. Another reason why private money lenders continue to offer rental property loans in Florida.