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DSCR Loans Miami: How Investors Are Buying Properties Without W-2s in 2026
2026-03-29 · 8 min read
What Is DSCR and How Is It Calculated?
DSCR = Monthly Rental Income ÷ Monthly Debt Service (PITI)
A DSCR of 1.0 means the rent exactly covers the payment. Most Miami lenders want to see 1.15–1.25 minimum. Some programs accept as low as 0.75 if your credit is strong.
Example:
Rental income: $3,200/month
Mortgage (PITI): $2,560/month
DSCR: 3,200 ÷ 2,560 = 1.25 ✅
That property qualifies. No W-2. No paystubs. No employment history required.
Current DSCR Loan Rates in Miami (March 2026)
As of Q1 2026, DSCR loan rates in Miami typically range from 6.25% to 7.50%, depending on:
- Your credit score (740+ gets the best rates)
- Loan-to-value ratio (75% LTV is the sweet spot)
- Property type (SFR, 2-4 unit, condo, short-term rental)
- DSCR ratio (higher ratio = lower rate)
DSCR Loan Requirements in Miami (2026 Checklist)
Credit Score
680 (740+ for best rates)
680 (740+ for best rates)
Down Payment
20–25%
20–25%
DSCR
1.0–1.25 min
1.0–1.25 min
Property Types
SFR, 2-4 unit, condo, STR
SFR, 2-4 unit, condo, STR
Loan Amount
$150K–$3M+
$150K–$3M+
Reserves
6–12 months PITI
6–12 months PITI
Run your target address through SpillDeals to confirm the DSCR math works before you apply.