A DSCR loan in Florida is sized on the property's rent against its full monthly payment — principal, interest, taxes, insurance and any HOA. The program does not change by state; what changes is the tax and insurance line inside that ratio, the closing table and the legal process behind the lien. Here is what is specific to Florida.
Silt's terms do not change at the state line. The term sheet reflects the property, the file and the supported value.
Florida taxes the loan, not just the sale, and insures it harder than anywhere else Silt lends. Documentary stamp tax runs $0.70 per $100 on the deed (Miami-Dade is $0.60 plus a surtax on non-single-family), $0.35 per $100 on the note, and a nonrecurring intangible tax of 2 mills applies to the obligation secured by the mortgage — so a Florida closing carries roughly $5.50 per $1,000 of loan on top of the deed tax. The loan program itself is unchanged; the deal is usually decided by the insurance binder and the tax line, not by the grid.
ILLUSTRATIVE — published program floors, not a quote or a commitment to lend. Subject to underwriting, appraisal and final credit approval.
Three separate things. The Department of Revenue levies documentary stamp tax on the deed at $0.70 per $100 of consideration outside Miami-Dade, where the rate is $0.60 per $100 with an additional surtax on transfers other than a single-family residence. The same doc stamp tax hits written obligations to pay money — your note — at $0.35 per $100. And Chapter 199 imposes the nonrecurring intangible tax on obligations secured by a mortgage on Florida real property, at 2 mills, due even if the mortgage is not recorded in Florida. Your title company computes all three.
Take a $300,000 loan: note doc stamps at $0.35 per $100 are $1,050, and the intangible tax at 2 mills is $600 — about $1,650 before the deed tax and recording fees. On a $400,000 purchase the deed stamps add roughly $2,800 outside Miami-Dade. It is real money and it belongs in your cash-to-close model from the first underwriting call, not as a surprise on the settlement statement. It does not touch the DSCR calculation, which is driven by rent against PITIA.
Expect them to. The Save Our Homes 3% cap is a homestead benefit and does not apply to a rental. Non-homestead residential property has its own assessment limitation — capped at 10% a year, excluding school district levies — but a change of ownership or use resets the base year, so the seller's capped assessment does not travel with the property. Underwrite from the likely reassessed value, not from last year's bill, or your DSCR will be flattered by a number you will never actually pay.
Because it is often the second-largest line in PITIA. Wind is priced separately in much of the state, flood is a separate policy driven by the FEMA map rather than the lender, and Citizens Property Insurance — the state-backed insurer many investors end up with — requires inspections depending on the age, type and location of the property, including four-point and roof inspection forms. On anything with an older roof, get the inspection and a real binder before the appraisal comes back. A quoted premium and a bound premium are frequently different numbers.
Florida is a judicial-foreclosure state, so remedies are slower than Texas or Tennessee; that shapes lender appetite generally but does not change Silt's grid. An out-of-state LLC transacting business in Florida registers with the Division of Corporations, and title will want good standing. On short-term rentals, the state licenses vacation rentals while cities set the harder limits — Miami Beach's minimum-stay enforcement is the well-known example. Where the ordinance does not clearly allow nightly use, the desk underwrites long-term market rent.
Tampa and its Pasco and Polk fringes give the best rent-to-price posture of the major metros, and are the most common Florida portfolio submissions here. Jacksonville trades lower per door with steady long-term rental demand and less coastal insurance load away from the beaches. Orlando is dominated by short-term and mid-term strategies, so the ordinance and HOA work matters most there. South Florida — Miami-Dade, Broward, Palm Beach — is the tightest on yield and the heaviest on insurance and condo association reserves. Qualitative posture, not a forecast.
Illustrative only, from published program floors — not a quote, an approval, or a commitment to lend. At 1.03 the file sits in the 1.00–1.19 band and prices at +25 basis points. Trimming leverage to 70% or buying the rate down are the two levers that move it back above 1.20.
Yes. Silt is headquartered in North Miami Beach and lends statewide, on the same programs and grid as the rest of the footprint.
Documentary stamp tax on the note is $0.35 per $100, and the nonrecurring intangible tax on the mortgage is 2 mills of the obligation secured.
No. Save Our Homes is a homestead benefit. Non-homestead residential property has a separate 10% annual assessment cap that resets on a change of ownership or use.
No. Silt lends to US citizens, permanent residents, non-permanent residents and foreign nationals; foreign-national files cap at 70% LTV and price 75 basis points higher.
No. Quoting is free and takes no credit pull. Credit is pulled only when you want a written term sheet, and it sets the pricing tier.
Reviewed 6 September 2026 · Silt Capital lends on 1–10 unit residential DSCR only.
By Census Bureau population estimates. Silt lends statewide — these markets are not a limit. Metro areas may cross state lines. [6]
Yes. Florida is one of the states Silt lends in, and the dscr program covers 1–10 unit rentals, long-term or short-term, purchase or refinance.
Florida is listed as a judicial-foreclosure jurisdiction: the lender files in court and a judgment precedes the sale. Court calendars, not the deed of trust, set the pace, so distressed-asset timelines in Florida run longer than in power-of-sale states.
No. The program terms are the same in every state Silt lends in: loan amounts $200K – $10M; max ltv 80% purchase · 75% cash-out; amortization 30-year; minimum dscr 1.00; qualifies on Property rent, not personal income. The final term sheet reflects the property and the file.
Every Silt loan closes in an LLC or corporation, never a personal name. Bring the articles or certificate of formation, operating agreement and EIN letter.
Documentary stamp tax on the deed is $0.70 per $100; in Miami-Dade it is $0.60 per $100 plus a surtax on transfers other than a single-family residence.
No. Quoting is free and takes no credit pull. Credit is pulled only when you want a written term sheet, and it sets the pricing tier.
Estimates on this page are not a commitment to lend. State facts reviewed October 2026; laws and rates change — confirm with your title company or attorney.