Recently Funded DSCR Loan In Saint Petersburg, Florida
Loan Scenario:
An investor who owns his Saint Petersburg rental free and clear came to American Heritage Lending to put some of that equity to work, and we structured a conservative cash-out DSCR loan on the single-family home — qualifying on the property’s rental income rather than personal documentation.
Because the borrower carried no existing debt on the property, the $211,200 loan against a $352,000 appraised value landed at just 60% loan-to-value, one of the most conservative leverage points AHL offers. Delivered as a True Zero Point loan over a 30-year term, the refinance unlocked usable capital while leaving a substantial equity position intact.
Saint Petersburg anchors the west side of Tampa Bay, a market propelled by strong in-migration, no state income tax, and a waterfront lifestyle that keeps both renters and buyers competing for limited inventory. That population growth has driven durable appreciation across the city’s neighborhoods, giving free-and-clear owners like this one a deep well of equity to draw from.
Florida investors sitting on paid-off or low-leverage rentals can explore how far their equity will go and begin Florida financing with AHL.
Similar Recently Funded Case Studies: DSCR Loan in Indiantown, FL • DSCR Loan in Warner Robins, GA • DSCR Loan in Lake George, NY
Key Deal Points
| Address | Saint Petersburg, FL |
| Loan Type | DSCR Cash Out Refinance |
| Borrower Profile | Newer Investor |
| Property Type | Single Family Detached |
| Appraised Value | $352,000 |
| Loan Amount | $211,200 |
| Loan To Value (LTV) | 60% |
| Loan Term | 30-Year |
| Loan Structure | True Zero Point Loan |
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