The Florida Keys is a prime market for investment property, particularly vacation rentals. Several financing options exist for investors.
Conventional Investment Loans
Require 20-25% down, 620+ credit, and can use projected rental income (75%) for qualification. The most straightforward option for well-qualified borrowers.
DSCR Loans
Qualify based entirely on the property rental income. No personal income verification needed. Popular with Keys vacation rental investors.
Non-QM and Portfolio Loans
Bank statement loans and portfolio programs for borrowers who do not fit conventional guidelines. Higher rates but more flexible qualification.
Keys Considerations
Short-term rental regulations vary by Keys community. Research local ordinances before purchasing. Seasonal rental income patterns may affect qualification and cash flow projections.