Miami is the busiest DSCR market in the country — and one of the best places to pull tax-free* equity out of an appreciated rental, condo, or condotel by qualifying on the property's income instead of your tax returns.

This guide walks through how the DSCR cash-out refinance program applies specifically in Miami & Miami-Dade — qualifying math, the condo and insurance nuances that actually matter here, and how to get a quote in 30 seconds. *Loan proceeds are not income; consult your tax advisor.

The Miami Cash-Out Refinance DSCR Profile

Years of appreciation have left Miami investors equity-rich but hard to qualify through a bank — international ownership, LLC vesting, and tax write-offs make conventional income underwriting a non-starter. A DSCR cash-out solves that: we qualify the rental's cash flow against the new payment, pay off the existing loan, and the rest comes back to you. The mechanics mirror our universal Cash-Out Refinance DSCR program, with Miami market dynamics applied on top.

Miami-Specific Underwriting Notes

Two things shape almost every Miami file:

2026 Program Snapshot — Miami Cash-Out Refinance

What to Expect

Why Miami Investors Choose DSCR Capital Partners

Frequently Asked Questions

Can I do a DSCR cash-out refinance on a Miami condotel or non-warrantable condo? +
Yes — the program finances warrantable and non-warrantable condos as well as condotels in Brickell, Downtown, Sunny Isles, and Aventura. Lenders will review the HOA's financials, the building's post-Surfside milestone inspection and structural-reserve (SB 4-D) status, and any pending special assessments, so budget for those in your DSCR math.
What is the maximum LTV on a Miami DSCR cash-out refinance? +
Cash-out refinances go up to 75% LTV under the universal Cash-Out Refinance DSCR program. Eligible property types include SFR, condo, condotel, 2–4 unit, and short-term rentals.
Do I need tax returns to qualify for a Miami DSCR cash-out? +
No — the loan qualifies on the rental's cash flow against the new payment instead of your tax returns, which is why it works for investors with international ownership, LLC vesting, or heavy write-offs that make bank underwriting a non-starter. The existing loan is paid off and the remaining proceeds come back to you. Loan proceeds are not income, but consult your tax advisor.
Can foreign nationals get a Miami DSCR cash-out refinance? +
Yes — Miami is the #1 foreign-national market DSCR Capital Partners serves, and no US credit is required on foreign-national files. Service is available in English, Spanish, and Portuguese.
How does insurance affect the DSCR ratio on a Miami refinance? +
Insurance is the DSCR swing factor in South Florida. Because DSCR is rent divided by PITIA, wind/hurricane and flood premiums are a large line item that can make or break the ratio — get your insurance quote early.
What rate and timeline should I expect on a Miami DSCR cash-out? +
Standard DSCR pricing applies — 6.50–7.75% on strong files — with a 620 FICO floor and best pricing at 720+. Closing runs 21–30 days standard, and your file is routed across 8–12 wholesale DSCR programs to match condo, condotel, and insurance overlays.

Get a Miami Cash-Out Refinance DSCR Quote

30-second eligibility check. No credit pull. No commitment.

Check My Eligibility →

Related Resources

DSCR Capital Partners is a brand of UTM Financial, LLC (NMLS #2591548). For business-purpose, non-owner-occupied investment properties only. Informational only; not a loan commitment. Condo/condotel eligibility and special-assessment review vary by lender and association. Equal Housing Lender.