DSCR Loans in Tampa Bay
A DSCR loan qualifies an investment property on its rental income instead of your personal income. The lender divides the monthly rent by the full monthly payment, including taxes, insurance and HOA. Most programs look for a ratio around 1.0 or higher, and stronger ratios usually earn better terms. Josh Jampedro at Home Loan Advisors compares DSCR and conventional options for Tampa and St. Pete investors so you pick the loan that protects your cash flow.
Calculate your DSCR
DSCR Ratio Calculator
Estimates for illustration only, based on the numbers you enter. Lenders calculate DSCR using their own rent and expense figures, often from the appraisal. Requirements vary by lender and program. This is not a loan offer or a commitment to lend. All loans are subject to credit approval.
How the DSCR ratio works
DSCR = monthly rent ÷ monthly payment(principal, interest, taxes, insurance and any HOA).
- Above 1.0: the rent covers the payment. This is the range most investors aim for.
- Around 1.0: the rent just covers it. Usually still workable.
- Below 1.0: some programs allow it with stronger reserves or more equity, at higher cost.
Who DSCR loans fit
- Investors whose tax returns show low income after write offs
- Buyers adding a second, third or tenth rental
- Investors who want to close in an LLC (program dependent)
- Self employed investors who'd rather not qualify on personal income
Investor guides
- Investment property loans in St. Petersburg
- Financing multiple rental properties
- DSCR vs. conventional investment loans
- Keeping your current home as a rental
A Tampa example
An investor is buying a Seminole Heights single family home that will rent for $2,600 a month. The full monthly payment, with taxes and insurance, comes to $2,100. The DSCR is 2,600 ÷ 2,100 = 1.24. That's a strong ratio, and the loan qualifies without tax returns or pay stubs. The same deal on a conventional loan might price better, so Josh runs both before the investor picks.
Illustrative example, not a specific client.
Frequently asked questions
What is a DSCR loan?
A mortgage for investment property that qualifies on the property's rental income compared with its monthly payment, instead of your personal income.
What DSCR do I need?
Many programs look for 1.0 or higher. Some allow lower ratios with stronger reserves or more equity. Higher ratios usually earn better terms.
Do DSCR loans require tax returns?
Typically not. Qualification focuses on the property's rent, your credit, your reserves and the property itself.
Can I close a DSCR loan in an LLC?
Many DSCR programs allow it, usually with a personal guarantee. Josh will confirm which lenders fit your setup.
Are DSCR rates higher than conventional rates?
Usually somewhat higher. The trade off is easier qualifying and more flexibility. Comparing both on your deal is the only way to know.
Can I use a DSCR loan for a short term rental?
Some programs allow short term rental income, often with stricter requirements. It depends on the lender and the market.
Related: Strategic Mortgage Planning · St. Petersburg Investment Loans · DSCR vs. Conventional
For informational purposes only. This is not a commitment to lend or extend credit. Programs, terms and requirements vary by lender and are subject to change without notice. All loans are subject to credit approval. Home Loan Advisors LLC is a DBA of Go Rascal Inc. | Company NMLS #2072896 | Josh Jampedro, Branch Manager, NMLS #1082889. Equal Housing Opportunity.
