Fort Myers DSCR Long-Term Rental Lenders
Are you seeking long-term private financing for a residential rental property in Fort Myers? On this page you'll find a list of lenders that offer these “DSCR” loans for single family homes, condos, and 2-4 unit rental properties in Fort Myers’s urban areas. Some lenders consider vacation rentals (aka short-term rental or STR). The maximum loan-to-value is 80%. For a purchase, investors need a minimum down payment of 20%, and it could be higher depending on the debt service coverage ratio (DSCR), borrower’s credit score and location. The minimum credit score is 680 for most lenders. The loan terms range from 5 to 30 years.Displaying 0 Results
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$75,000 - $10,000,000
12 to 360 months
8.00% - 13.00%
2.00% - 5.00%
$75,000 - $20,000,000
13 to 360 months
7.20% - 12.10%
0.25% - 2.50%
$100,000 - $3,000,000
12 to 360 months
$100,000 - $5,000,000
12 to 360 months
8.00% - 12.00%
1.00% - 3.00%
$75,000 - $5,000,000
3 to 360 months
10.50% - 12.00%
2.00% - 3.00%
$150,000 - $100,000,000
6 to 60 months
9.00% - 12.99%
0 - 2.00%
$100,000 - $3,000,000
12 to 360 months
10.00% - 12.00%
1.50% - 3.50%
$75,000 - $7,000,000
12 to 360 months
7.00% - 12.99%
1.00% - 4.00%
$75,000 - $50,000,000
12 to 360 months
1.00% - 2.00%
$100,000 - $5,000,000
360 to 360 months
1.00% - 3.00%
Florida DSCR Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Florida DSCR long-term rental loans in the 1st quarter of 2024 was 7.88%. The average loan amount was $299,449. These stats are the average of 362 loans funded for residential rental properties in Florida between October 1, 2023 and December 31, 2023 by multiple lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
Select a Metro Area
Florida is a huge state, and some DSCR lenders only consider specific regions. Filter your search by selecting a metro area:
Miami & Fort Lauderdale | Orlando | Tampa Bay | Jacksonville | Palm Beach County | Fort Myers | Tallahassee | Pensacola
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