Florida Runs on Non-QM

America's Non-QM capital

Every quirk that breaks conventional lending shows up in Florida at scale: investor-dense condo buildings, short-term rental income, self-employed transplants, and international buyers who've never had a US credit file. Non-QM isn't the alternative here — it's the market's native language.

The condo chapter

So many Florida buildings are non-warrantable — too many investor-owned units, pending litigation, commercial space over the limit — that agency financing simply doesn't exist for them. Our Near Miss program finances these condos directly: ITIN or SSN eligible, up to $3M, up to 80% of value, primary or second home, DTI up to 55%, purchase or refinance, 12 months' income history. The building's warrantability stops being your problem.

The STR playbook

Many DSCR programs accept short-term rental income — documented through the appraiser's rent schedule or market STR data. The classic Florida move: buy the condo or single-family, qualify on its income (long-term or short-term per program rules), close in an LLC, and let the property carry itself. For competitive purchases where sellers won't wait, bridge financing closes in days and refinances into DSCR once the property stabilizes.

Money from abroad

Miami doesn't ask where the buyer lives — and neither do our Foreign National programs: no US residency, no visa, no American credit required, just documented foreign income and a larger down payment. Pair that with ITIN Home Loans (no SSN required, gift funds allowed) and bank statement loans for Florida's army of contractors, realtors, and hospitality entrepreneurs — and you've covered nearly every buyer the state produces. Illustrative; exact terms vary by investor and are subject to change.

Statewide: Miami, Orlando, Tampa, Jacksonville, Fort Lauderdale, St. Petersburg, the coasts, and every second-home market between them.

Frequently asked questions

My condo building is non-warrantable. Am I stuck?

No — that's exactly what the Near Miss condo program is for: up to 80% of value, up to $3M, for condos conventional lenders reject. Tell us the building and we'll check the fit.

Can I use Airbnb income to qualify for a DSCR loan?

Many DSCR programs accept short-term rental income with the right documentation. Confirm the specific program's STR rules before you write the offer.

I'm buying from another country. What do you need?

Passport, foreign address documentation, and documented foreign income or assets — sometimes translated. Expect a larger down payment than domestic programs require.

How fast can I close on a competitive Florida deal?

Bridge financing can close in days; standard Non-QM purchases commonly run two to three weeks.