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DSCR Loans in Nassau County, Florida: No-Doc Way To Build Your Real Estate Portfolio Quickly

Not many people know this, but Nassau County is a historical island with sandy beaches, championship golf courses, scenic rivers, green pastures, and majestic timberlands. It's also home to some of the most beautiful real estate in the country. What's more? So if you're considering investing in property in Nassau County, you might wonder how to get started. You're not alone!

Conventional loans are notoriously difficult to obtain, and it can take months before you even get in front of a bank manager to explain what you want to do with your money. And then there's the paperwork… well, let's say it's enough to make anyone want to throw their hands up in defeat and give up on the idea entirely.

If that sounds like something you've experienced before, we have good news: DSCR loans are here! They're fast and easy, require little-to-no paperwork (not even an appraisal!), and can get you into your dream home as soon as tomorrow morning. There's no reason not to try them out today—so why don't we start learning more about them?

Why Get A DSCR Loan In Nassau County, Florida?

You may wonder why you should get a DSCR loan in Nassau County when there are many other options. We've got you covered!

First, let's talk about the perks of living in Nassau County. Of course, it's a haven for medical experts, with no state income tax (the bonus of living in Florida). The schools are A-rated and have been for over ten years now. So this attracts people from all over the USA, so investing here is wise.

However, you may wonder why DSCR loans and not other loans. Here are some of the best reasons to say yes to DSCR:

Quicker Closing Times

DSCR loans close much faster than other types of loans. Since there's no need for personal income verification or collateral, you won't have to wait weeks or months to get money in your hands.

Instead, you'll only have to wait a few days before receiving funds directly deposited into your account. This can be especially beneficial if you need money urgently because of unexpected expenses or emergencies.

No Personal Income Verification

Unlike traditional loans, which require extensive documentation and proof of income, DSCR loans don't need personal income verification. This means you don't have to worry about whether your credit score will affect your ability to qualify for a loan.

Plus, all applicants with good credit scores will be eligible for DSCR loans regardless of their employment status or salary levels. This convenience makes it better than most loan options available in Florida.

DSCR Loans Don't Interfere With Your Finances

When you take out a mortgage, the lender will try to get as much money as possible. This means they may try to convince you to take out a larger mortgage than necessary and then charge interest on the extra amount borrowed.

That's not the case with DSCR loans because once the loan is approved, there is no need for further payments or additional money coming out of your pocket.

No Employment Check

Many other types of loans in Florida require that you have a steady job and make a certain amount of money each month. This isn't true with DSCR Loans. This is because they are based on your assets instead of your income. In other words, if you have enough assets to cover the loan, it doesn't matter what job you have or how much money you make every month.

If anything, this makes them even more attractive to someone who may be between jobs or looking for a career change later down the road but still wants to invest in real estate right now!

You Can Own Multiple Properties At Once

A lot of people are interested in buying multiple properties. But getting a standard mortgage for more than one property or even a second one is not easy. You have to qualify for each separately, which can mean higher interest rates and more rigid qualifications.

With DSCR loans, you can get a single loan for multiple properties. That makes it much easier to qualify and get the best rates possible.

How Does A DSCR Loan Work?

A DSCR loan is a loan that is based on an asset's depreciation schedule. This means that the borrower gets to borrow against the value of their asset, usually in real estate. The borrower then pays back the loan over time, based on how much of the asset's value has been depreciated due to wear and tear.

The lender will look at the property's cost and all other costs associated with owning it. Then they will determine what percentage of that value has been lost in depreciation each year. This allows them to calculate how much they need to pay back each month or year until they have paid off everything they owe.

If you want to get a DSCR loan, you'll need to have some experience with real estate loans and show that you have enough income each month to cover your mortgage payments and any other financial obligations, such as student loans.

How to Determine DSCR Income

When determining the value of an income property, it's essential to remember that income is not the same thing as rent. Income is what you predict will be produced over a given period, typically a year. So if we're looking at a rental property, for example, we'd be looking at how much the property will earn in rental sales for 12 months.

What exactly does this mean? Let's say our rental property earns $10,000 monthly in rental sales. That would mean it has an annual income of $120,000—but that doesn't mean it's worth $120,000.

To get a more accurate idea of our property's worth, we need more information than its monthly income—we also need to know how much it costs to buy. There are also other extra factors to take into account if you are starting, like:

The Market Or Rivalry

How much competition does your area have for rental properties? Are there any new developments in your area?

Are there many places to rent out? These things can affect how much money you get from your investment property.

The Monthly Rental Cost

What are other people charging for similar properties? This will help you decide which price range is most appropriate for your project and will help you set a fair rent amount that will attract tenants while still being profitable!

Glass jar full of coins and house model for real estate investment

How to Determine DSCR Payment

A few essential utilities, the mortgage (if you're still paying on the house), taxes, and even property management if you hire someone to do it for you are among the regular costs.

The cost of insurance should also be factored in. The insurance costs greatly depend on where you live and what policies or plans you want to purchase.

Other costs include property taxes, typically assessed by your county or municipality and can vary depending on where you live. Additional fees may be due at closing, and an escrow deposit to cover future expenses such as homeowner's association dues, repairs or improvements that need to be made at some point during ownership, etc.

How Can You Calculate DSCR?

The debt service coverage ratio (DSCR) is the operating income ratio to total debt service. This measures how much income is left over after paying off all the interest and principal on a business's loans. The higher this ratio, the more likely a company can continue to pay off its debts.

The DSCR is calculated by dividing net operating income (NOI) by total debt service:

DSCR = NOI / Total Debt Service

Net Operating Income Formula

Net Income + Depreciation + Interest Expenses + Other Non-Cash Items (for example, Amortization)

The income or cash flows that remain after all operating expenses have been paid are referred to as net operating income. Earnings before interest and taxes, or EBIT, is another name for this. The income statement typically includes a separate line item for net operating income.

Total Debt Service Formula

Principal Repayment + Interest Payments + Lease Payments

Total debt service refers to all expenses incurred to pay off a business's debt. This frequently includes interest and principal payments as well as other commitments. Rarely is the amount of debt service disclosed in a set of financial statements. Nevertheless, the financial statement notes frequently refer to this.

What Is The Minimum DSCR To Qualify In Nassau County, Florida

A borrower's debt service coverage ratio indicates how well a company is likely to be able to pay back a loan. The higher the ratio, the more likely the borrower will be able to repay their debt.

The minimum for this ratio is 1.25, which indicates that a company has adequate cash flow to cover its debt payments and still has enough left over to operate safely.

If a borrower's debt service coverage ratio falls below this minimum threshold, they may be required to keep an interest reserve if they cannot repay their loan (or pay interest on it).

The Best Cities To Invest In Nassau County, Florida

If you're looking for an excellent place to invest your money, it's hard to go wrong with Nassau County, Florida. It's a quiet, peaceful area close enough to the city for easy access but far away enough to feel like you're in the middle of nowhere.

The residents are friendly and welcoming, making it easy for new people who move there to meet others and get involved in community events. The city is a great place to raise a family—the schools are high quality, and there are plenty of parks and activities for children. There's also abundant green space where residents can take in nature without driving too far out of town.

If you're looking for somewhere affordable, Nassau County has some of the lowest property taxes in all of Florida. You'll also find a low cost of living and high salaries relative to other parts of the state—which means it's easy to save money while living comfortably here!

So here is a guide about all four cities in Nassau County, Florida, and why each of them could make you rich:

Fernandina Beach

According to the Census Bureau, Fernandina Beach's median income is $76,595 annually. This makes it an excellent place for investors looking for a high-income location with good potential for growth in the future.

The average home price in Fernandina Beach is $332,500, meaning you can expect a decent return on investment if you purchase property here. The city has a population of about 13,000 people, which means there are many competing buyers or sellers in this market, so it will be easier to find buyers or sellers when you need them!


Yulee has seen a lot of growth in its population over the past few years. The population has increased by nearly half since 2015. This means that there's more demand for housing and other amenities than ever before—and it also means that there are more opportunities for investors who want to build new homes or businesses in the area.

The median income in Yulee is also higher than average at about $66,000 per year. That's slightly higher than the national average income! And since higher-income people spend more money on housing and other goods and services, this is another good sign for investors looking for lucrative opportunities in Yulee.


While there are many places in Florida that you could invest in, it's hard to find a more consistent investment like Hilliard. This town has been growing steadily for the past few years and shows no signs of slowing down.

The population of Hilliard has been increasing at an average rate of 4.5 % per year over the past five years. The growth rate is expected to continue through 2023 when the population is projected to grow by at least 1.5%.

With this much growth, there's no doubt it: Hilliard will be a hotspot for real estate investors!

It has a median income of $55,100. This means that if you're looking for a place to invest in, this is it! The median income here is high enough that you'll be able to get a mortgage on your house and still have money left over for retirement savings or even just saving up for that dream vacation.

The average house price here is $112 100. If you're looking to invest in real estate and live in Nassau County, plenty of houses are available at prices lower than the average—meaning you'll be able to afford more than just an apartment!

Callahan, Florida - The City That's Making You Rich

Callahan is a small town in Nassau County, Florida. It's not a tourist destination and not a particularly charming place to live. But if you're looking for an investment opportunity that will pay off in the long run, this little town might be just what you're looking for.

According to this data on best places, the average house price in Callahan is $286,400. That's relatively low compared to the national average of $291,700—but it makes sense, considering how many homes are available here! Only about 1,300 people live in Callahan, but there are 1,200 houses for sale at any given time. That means there's plenty of opportunity for investors who want to buy a property and rent it out as an income source.

In addition to being an excellent place to invest in housing (and thus earn money on rental properties), Callahan also boasts a median income of about $29,000 per year. So not only do investors have an opportunity to make money off their investments, but they also have an opportunity to live comfortably while doing it!

Expand Your Real Estate Portfolio With DSCR Loans In Nassau County, Florida

This method has helped many people to increase their net worth and improve their financial situation. It is a great way to start investing in real estate without getting a loan from a bank or other lending institution.

The best part about this loan is that it does not require any proof of income or credit history. This means anyone can apply for this type of loan, even if they have bad credit or no credit history.

With over 50 years of mortgage industry experience, we are here to help you achieve the American dream of owning a home. We strive to provide the best education before, during, and after you buy a home. Our advice is based on experience with Phil Ganz and Team closing over One billion dollars and helping countless families.

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