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:
- Condos & condotels. Much of Miami's rental stock is attached. We finance warrantable and non-warrantable condos and condotels (Brickell, Downtown, Sunny Isles, Aventura), but lenders review HOA financials, the post-Surfside milestone inspection / structural-reserve (SB 4-D) status, and any pending special assessments — budget for those in your DSCR math.
- Insurance is the DSCR swing factor. Wind/hurricane and (where applicable) flood premiums are a large PITIA line in South Florida. Because DSCR is rent ÷ PITIA, your insurance quote can make or break the ratio — get it early.
2026 Program Snapshot — Miami Cash-Out Refinance
What to Expect
- Rate range: Standard DSCR pricing applies (6.50–7.75% on strong files)
- Max LTV: Up to 75% on cash-out refinances — see universal Cash-Out Refinance program
- Min FICO: 620 floor; 720+ for best pricing
- Property types: SFR, condo, condotel, 2–4 unit, short-term rentals
- Foreign nationals: Welcome — Miami is the #1 foreign-national market we serve (Miami Foreign National DSCR)
- FL state notes: No state income tax; see Florida state DSCR guide
- Close time: 21–30 days standard
Why Miami Investors Choose DSCR Capital Partners
- Wholesale lender access — we route your Miami cash-out file across 8–12 wholesale DSCR programs and find the lender whose condo/condotel and insurance overlays match best.
- Miami underwriting experience — condos, condotels, foreign-national files, and LLC vesting are routine for us, not exceptions.
- Foreign nationals welcome — no US credit required on FN files; English, Spanish & Portuguese.
- Direct loan officer access — single point of contact from intake to funding. No call-center handoffs.
- 21–30 day close standard, faster on clean files.
Get a Miami Cash-Out Refinance DSCR Quote
30-second eligibility check. No credit pull. No commitment.
Check My Eligibility →Related Resources
- DSCR Loans in Florida — 2026 State Guide
- Miami Foreign National DSCR Loans
- Cash-Out Refinance DSCR Program — Full Details
- 2026 DSCR Loan Requirements
- DSCR Glossary
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.