DSCR purchase, refinance, cash-out, and condo DSCR loans for Miami-Dade and Broward investors. Luxury rentals, condos, single-family, and short-term rental scenarios reviewed by Matt Dean at NEXA Mortgage.
Yes — Miami is one of the largest DSCR lending markets nationally. Miami rental property investors have access to DSCR purchase, refinance, cash-out, LLC-vested, portfolio, condo DSCR, and short-term rental DSCR programs. Miami's international investor base, luxury condo market, and strong rental demand across price points create diverse DSCR scenarios. Key Miami-specific considerations: condo project warrantability (a major friction point), elevated windstorm and flood insurance costs, property tax reassessment, and foreign national documentation requirements for international investors. Review your Miami DSCR scenario with Matt Dean at NEXA Mortgage.
Miami's rental market is one of the most dynamic in the country. The metro area spans Miami-Dade, Broward (Fort Lauderdale), and Palm Beach counties, with distinct submarkets from urban Brickell condos to suburban single-family in Kendall, Doral, and Pembroke Pines. Miami has a high proportion of condo DSCR scenarios — roughly 40-50% of investor inquiries involve condos — making condo project review the single most important Miami-specific underwriting factor.
Condo Purchase — Brickell, Miami (Miami-Dade County)
This Brickell condo scenario shows how HOA dues compress DSCR. The $520/mo HOA is a major PITIA component. A 30% down payment ($135,000) would reduce PITIA to $3,200 and improve DSCR to 1.19 — a meaningfully stronger submission.
Practical observations from reviewing Miami-area DSCR scenarios:
Condo Review Is the #1 Miami Friction Point
Miami has a high concentration of condo DSCR scenarios, and condo project warrantability is the most common deal blocker. Projects fail for investor concentration, litigation, deferred maintenance, or inadequate reserves. Get the condo questionnaire early.
HOA Dues Are PITIA Killers
Miami condo HOAs of $400-800+/mo are common. That's $4,800-9,600/year of non-negotiable PITIA that directly reduces DSCR. When screening a Miami condo deal, add HOA to PITIA before anything else — it's often the deciding number.
Foreign National Borrowers Face Additional Requirements
Miami has significant international investor interest. Foreign national DSCR programs exist but typically require larger down payments (30-40%), higher reserves (12 months), and additional documentation. Not all DSCR lenders serve foreign nationals.
Insurance Costs Vary Wildly by Building and Flood Zone
Two identical Miami condos can have $200/mo difference in insurance cost based on building age, construction type, and flood zone. Always get building-specific insurance quotes, not area averages.
Miami Availability & Licensing
Loan options, eligibility, pricing, and availability depend on borrower profile, property type, investor documentation, program guidelines, and applicable licensing.
Company NMLS: 1660690 | Loan Officer NMLS: 227603 | mdean@nexamortgage.com | 770-756-7191
Submit your Miami rental property numbers for review with Matt Dean.
Disclaimer: Educational only. Not a commitment to lend.
Last Updated: June 28, 2026