From Miami and Naples to Tampa and Orlando, Florida’s higher-end rental and short-term rental market has outgrown what most DSCR programs are built to handle. Super Jumbo DSCR closes that gap — investment property financing up to $4.5 million, still qualified off the property’s rental income instead of personal tax returns, and friendly to the condo and condotel inventory that makes up so much of Florida’s coastal market.
How it works
The lender looks at whether the property’s rental income covers its mortgage payment — long-term lease or short-term/vacation rental — instead of pulling W-2s, pay stubs, or tax returns.
Minimum credit score: 720 (740 unlocks the highest leverage tier)
Program highlights
- Loan amounts from just over $2 million up to $4.5 million
- Up to 65% LTV on purchase (720 FICO)
- Minimum DSCR: 1.25 on long-term rentals, 1.35 on short-term rentals, based on actual rents — built for Florida’s vacation-rental markets
- No cap on cash-out proceeds
- Eligible on warrantable and non-warrantable condos and condotels, common across Florida’s coastal buildings
- 18 months of reserves required
Who it’s for
Experienced investors building a portfolio in Florida’s higher-end rental and short-term rental markets. Two years of landlord experience is required; this program isn’t available to first-time investors, first-time homebuyers, or foreign nationals.
Have a scenario you want to run? Send us the details and we’ll let you know within hours whether it fits — Select Home Loans | NMLS # 2384002 | Call (888) 550-3296 | Email: info@selecthomeloans.com.
