$410,000
Median Home Price
$425,000
Avg. Loan Amount
78+
Licensed Lenders
12+
Major Markets
Florida Real Estate Market
Why Non-QM loans are popular in Florida
No state income tax attracts wealthy retirees and business owners
Strong international buyer presence, especially from Latin America
Vacation rental market creates unique DSCR opportunities
Large retiree population benefits from asset depletion loans
Condo market requires specialized Non-QM financing
Hurricane insurance considerations factored into underwriting
Popular Non-QM Programs in Florida
These loan programs are especially popular among Florida borrowers
Top Florida Markets We Serve
Non-QM lending available throughout Florida
Florida Lending Regulations
Florida is regulated by the Office of Financial Regulation (OFR). Mortgage lenders must be licensed under Chapter 494 of the Florida Statutes. Florida has specific disclosure requirements and allows deficiency judgments on foreclosures, which affects risk assessment.
Florida Non-QM Loan FAQs
Common questions about Non-QM loans in Florida
Can foreign nationals get Non-QM loans in Florida?
Yes! Florida is one of the most active states for foreign national lending. Many lenders offer programs for non-US citizens with 25-30% down payment. Popular with buyers from Latin America, Canada, and Europe.
Are Non-QM loans available for Florida condos?
Yes, including non-warrantable condos that don't meet conventional guidelines. This is especially important in Miami and coastal areas where many buildings don't meet Fannie Mae requirements due to investor concentration or reserve issues.
Can I use Airbnb income to qualify for a loan in Florida?
Yes! Many DSCR lenders in Florida will consider short-term rental income from platforms like Airbnb and VRBO. Some use actual rental history, while others use projected income from services like AirDNA.
How do hurricane insurance requirements affect my loan?
Florida properties require wind/hurricane insurance, which can be expensive in coastal areas. Lenders factor this into your debt-to-income ratio and DSCR calculations. Some areas may require flood insurance as well.
What are the loan limits for Non-QM in Florida?
Non-QM loans in Florida can go up to $2-3 million or more depending on the lender. High-value markets like Miami Beach, Palm Beach, and Naples often have higher limits available for qualified borrowers.
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