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Interest-Only Investor Loans in Florida

What Florida investors should know, with county data and city pages.

An interest-only investor loan on a Florida rental can make the early numbers look better, especially on a DSCR file where the lender compares rent with the payment. Before you rely on it, find out how the lender calculates the ratio, when the payment changes and what you would do if a refinance is not possible when the time comes. A licensed loan officer can lay out the full payment schedule for you.

Questions about Interest-Only investor loans in Florida?

Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.

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Florida landlord-tenant law: Florida Statutes Chapter 83, Part II. Part II of Chapter 83 is Florida's residential landlord-tenant law, covering rent, deposits, landlord maintenance duties, access, and termination. Leases you show a lender should follow it.

Where the numbers point in Florida

Counties with the most interest-only investor loans (2024):

CountyInterest-only investor loans (2024)
Miami-Dade County796
Pinellas County668
Broward County628
Lee County605
Hillsborough County525
Duval County507
Palm Beach County481
Orange County452
Polk County297
Brevard County295
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Prefer to talk first? Call (888) 865-8230. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.

Interest-Only Investor Loans by city in Florida

Common questions

Is an interest-only loan more expensive?

Over the life of the loan, paying no principal early usually means paying more total interest, because the balance stays higher for longer. Interest-only investor loans may also be priced differently from fully amortizing ones, and DSCR loans in general often cost more than owner-occupied agency loans. Compare the full cost on each Loan Estimate or term sheet, not just the first payment.

Can I get an interest-only loan on a home I will live in?

This page covers investment property only. Interest-only loans on a home you live in are consumer loans with their own rules and protections, and they are covered among other options on a sister site. If you are buying a rental, an interest-only investor loan may be worth comparing with a fully amortizing loan. Never describe a rental as owner-occupied, since misrepresenting occupancy is mortgage fraud.

Does my loan balance go down during the interest-only period?

Not from your regular payments. Those payments cover interest only, so the balance stays the same unless you pay extra toward principal. Some loans allow voluntary principal payments without penalty, while others may treat large extra payments differently. Ask how extra payments are handled and whether any prepayment penalty applies before you plan to pay down the balance early.

Other investor loans in Florida

DSCR loansDSCR requirementsDSCR down paymentAirbnb / STR loansHard money lendersHard money for a primary homeFix and flip loansInvestor bridge loansPortfolio lendersBlanket mortgagesInvestment property loansHELOC on a rentalInvestor cash-out refiSecond home loansPrivate money lenders

Related guides

Interest-Only Investor Loans overview · Florida investor loan overview

  • 2024 HMDA data
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