Epique Realty | Santos Home Team
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10,000+ Properties Available
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- Newest Listings
- Beds (Most)
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- 1/70 70New
$3,900
4 Beds3 Baths2,288 SqFt10512 PALM COVE AVE, Tampa, FL 33647
Single Family Home
Listed by YOU FIRST REALTY AND ASSOC LLC
- 1/63 63New
$3,900
5 Beds5 Baths3,700 SqFt9045 NORLEY CT, Davenport, FL 33896
Single Family Home
Listed by FLORIDA REALTY MARKETPLACE
- 1/26 26New
$3,800
2 Beds2 Baths1,500 SqFt1621 GULF BLVD #107, Clearwater, FL 33767
Condo
Listed by RE/MAX ACTION FIRST
- 1/47 47Pending
$3,700
2 Beds2 Baths1,479 SqFt100 PIERCE ST #508, Clearwater, FL 33756
Condo
Listed by HOMEFRONT REALTY
- 1/30 30New
$3,600
5 Beds4 Baths2,167 SqFt8955 CABOT CLIFFS DR, Davenport, FL 33896
Townhouse
Listed by EXP REALTY LLC
- 1/24 24New
$3,500
5 Beds4 Baths2,522 SqFt14740 CABLESHIRE WAY, Orlando, FL 32824
Single Family Home
Listed by EXP REALTY LLC
- New
$3,500
4 Beds3 Baths2,655 SqFt3059 BEAVER CREEK DR, Kissimmee, FL 34746
Single Family Home
Listed by FLORIDA CONNEXION PROPERTIES
- 1/16 16New
$3,500
4 Beds2 Baths2,127 SqFt6514 DEERBERRY CT, Lakewood Ranch, FL 34202
Single Family Home
Listed by STOCKTON REALTY ADVISORS LLC
- 1/31 31New
$3,500
5 Beds5 Baths2,630 SqFt7770 SANDY RIDGE #235, Kissimmee, FL 34747
Condo
Listed by EXP REALTY LLC
- 1/42 42New
$3,499
4 Beds3 Baths1,760 SqFt2663 ONEIDA LOOP, Kissimmee, FL 34747
Single Family Home
Listed by PRISAC 4 YOU REALTY CORP
- 1/30 30New
$3,400
2 Beds2 Baths1,620 SqFt8310 W LAKE MARION RD, Haines City, FL 33844
Single Family Home
Listed by CENTURY 21 AT YOUR SERVICE
- 1/53 53New
$3,300
4 Beds3 Baths2,645 SqFt6379 SW 73RD AVE, Ocala, FL 34474
Single Family Home
Listed by KELLER WILLIAMS CORNERSTONE RE
- 1/75 75New
$3,300
5 Beds5 Baths3,221 SqFt844 SUFFOLK PL, Davenport, FL 33896
Single Family Home
Listed by KELLER WILLIAMS ADVANTAGE III REALTY
- 1/38 38New
$3,250
4 Beds3 Baths2,433 SqFt337 PARTRIDGE PEA LN, Ocoee, FL 34761
Single Family Home
Listed by RE/MAX PRIME PROPERTIES
- 1/38 38New
$3,200
4 Beds2 Baths2,105 SqFt11010 4TH AVE E, Bradenton, FL 34212
Single Family Home
Listed by BETTER HOMES & GARDENS REAL ES
- 1/34 34New
$3,100
4 Beds2 Baths2,036 SqFt11504 WELLMAN DR, Riverview, FL 33578
Single Family Home
Listed by WRIGHT DAVIS REAL ESTATE
- 1/16 16New
$3,050
4 Beds3 Baths2,136 SqFt11079 SWEETGUM WOODS DR, Orlando, FL 32832
Single Family Home
Listed by KELLER WILLIAMS ADVANTAGE III REALTY
- 1/27 27New
$3,000
5 Beds3 Baths435 Sqft Lot100 MARGINAL F.D ROOSEVELT AVE, San Juan, 00917
Single Family Home
Listed by VIDA URBANA
- 1/19 19New
$3,000
4 Beds3 Baths1,546 SqFt12158 VIA CASELLI LN, Windermere, FL 34786
Townhouse
Listed by LA ROSA REALTY LLC
- 1/24 24New
$3,000
4 Beds3 Baths2,000 SqFt13863 TITLE WAY, Winter Garden, FL 34787
Townhouse
Listed by WRA BUSINESS & REAL ESTATE
- 1/55 55New
$3,000
4 Beds4 Baths2,537 SqFt1620 CROSS PRAIRIE Pkwy, Kissimmee, FL 34744
Single Family Home
Listed by LITTMANN CAPITAL REALTY LLC
- 1/37 37Pending
$3,000
3 Beds2 Baths1,892 SqFt2350 ROSE ST, Sarasota, FL 34239
Single Family Home
Listed by SHIRLEY INTERNATIONAL REALTY
- 1/32 32New
$3,000
3 Beds3 Baths2,254 SqFt2401 ARBOR WIND DR, Lutz, FL 33558
Townhouse
Listed by FLORIDIAN SHORES REALTY LLC
- 1/38 38New
$3,000
4 Beds3 Baths2,114 SqFt2462 SOUTHLAWN LN, Clermont, FL 34714
Single Family Home
Listed by NOVALUX REALTY, LLC.
Florida Real Estate Blog
DSCR Loans: A Powerful Financing Tool for Rental Property Investors
Investing in rental properties has long been a proven path to building long-term wealth and financial independence. However, traditional mortgage requirements, especially those requiring extensive income documentation, can sometimes become a stumbling block for investors—particularly for those managing multiple properties. Fortunately, there’s an alternative financing solution that’s specifically designed to help investors grow their rental portfolios without the hassle of traditional mortgage qualifications: Debt-Service Coverage Ratio (DSCR) loans. In this post, we'll take a deep dive into what DSCR loans are, how they work, and why they’re a game changer for real estate investors in Florida and beyond. Whether you're a seasoned investor or just getting started, understanding how DSCR loans can benefit you is crucial to maximizing your investment strategy. What is a DSCR Loan? A Debt-Service Coverage Ratio (DSCR) loan is a type of mortgage product designed for real estate investors that focuses on the income generated by the rental property, rather than the borrower’s personal income. In other words, DSCR loans evaluate the ability of the property itself to generate enough cash flow to cover its own expenses—such as the mortgage payments, property taxes, insurance, and any applicable maintenance costs. The DSCR ratio is calculated by dividing the net operating income (NOI) of the rental property by the total debt service (i.e., the mortgage payments). A ratio of 1.0 means the property generates just enough income to cover its debts. A DSCR ratio above 1.0 indicates the property earns more than enough to cover the mortgage, while a ratio below 1.0 suggests the property isn't generating sufficient income to meet its debt obligations. Why DSCR Loans are Perfect for Rental Investors DSCR loans offer unique benefits that make them especially attractive for rental property investors. Here’s a closer look at the main advantages: 1. No Personal Income Documentation Required One of the most significant benefits of DSCR loans is that they don’t require you to submit personal income documentation, such as tax returns or W-2s. Traditional mortgages often require extensive documentation of your personal income, which can be problematic for investors who may have fluctuating income streams or prefer not to mix their personal finances with their investments. With DSCR loans, lenders focus on the property’s cash flow—as long as the rental income covers the mortgage and other property expenses, your personal income situation is less of a concern. 2. Unlock Portfolio Growth Potential For investors looking to rapidly scale their real estate portfolio, DSCR loans are ideal. Since the loan approval is based primarily on the income-generating potential of the property, DSCR loans enable you to leverage existing properties to acquire additional assets. This allows you to grow your portfolio faster than you could with traditional financing options, which may limit the number of mortgages or require significant income documentation. By using the equity and rental income from your current investments, you can reinvest into more properties, expanding your wealth-building opportunities. 3. Flexible Loan Terms and Property Types DSCR loans offer a great deal of flexibility, both in terms of the types of properties you can finance and the terms of the loan itself. With DSCR loans, investors can finance a wide range of properties, including: Single-family homes Multi-family buildings Townhomes Condos Mixed-use properties This flexibility makes DSCR loans a versatile option for real estate investors, allowing them to tap into diverse property types and maximize rental income. 4. Competitive Interest Rates Despite the lenient documentation requirements, DSCR loans still offer competitive interest rates. In fact, many investors find that DSCR loan rates are often comparable to those offered by traditional lenders. This means you can take advantage of easier qualifications while still securing a cost-effective loan, minimizing your overall financing costs. 5. Long-Term Financing Stability DSCR loans often come with longer loan terms compared to traditional investment property loans, which typically range between 15 to 30 years. The long-term nature of DSCR loans provides more predictable monthly payments and financial stability, allowing you to manage your properties more efficiently and focus on growing your wealth. How to Qualify for a DSCR Loan While DSCR loans are more flexible than traditional loans, there are still some qualifications and factors lenders will consider. The most important factor is the property’s DSCR ratio—lenders typically look for properties with a DSCR ratio of at least 1.25, though some lenders may accept a lower ratio. Here are other key factors lenders assess: Property’s location: Is it in a strong rental market with high demand? Property condition: Is the property in good shape, or will repairs and maintenance be needed? Rental income history: Is there a track record of stable rental income, or is it a newly acquired property? Investor’s creditworthiness: While personal income isn't a factor, lenders still review your credit score and financial history to assess overall risk. Though DSCR loans don’t require personal income documentation, maintaining a healthy credit score (generally 620 or higher) will help you secure the best rates and terms. Why DSCR Loans are Ideal for Florida Investors Florida's booming real estate market and high demand for rental properties make DSCR loans especially beneficial for investors in the Sunshine State. Whether you're looking to invest in vacation rentals near the coast, single-family homes in Orlando, or multifamily properties in Miami, DSCR loans can help you scale your rental portfolio without the red tape of traditional financing. Conclusion: Leverage DSCR Loans to Build Wealth DSCR loans are an excellent tool for investors seeking flexible and efficient financing solutions for their rental properties. By focusing on the property’s income-generating potential rather than your personal income, DSCR loans make it easier to grow your portfolio, increase rental income, and build long-term wealth. If you’re ready to expand your real estate investments, explore the opportunities DSCR loans provide. Contact me today to learn more about how DSCR loans can help you unlock your full investment potential. rafaelsantos.sunwestmortgage.com
Read moreFirst-Time Home Buyers in Florida: Understanding Your Mortgage Options
Buying a home is one of the most significant decisions you'll make in your life. However, the process can feel overwhelming and confusing, especially for first-time buyers. I’ve helped many first-time homebuyers navigate mortgage loan options, so they can secure their dream homes with competitive rates and terms. Our website is packed with resources to help you get started on your homebuying journey, including information on Florida down payment assistance programs, conventional loans with as little as 3% down, FHA loans with 3.5% down, and even VA loans that offer 100% financing for eligible veterans. Start Early and Explore Your Options It’s essential to start shopping for your mortgage early to familiarize yourself with the programs available for first-time homebuyers. Doing so will help you determine which loan best fits your needs, whether it’s a low down payment option or a government-backed loan with flexible terms. Let’s take a look at some popular mortgage programs for first-time buyers: 1. Fannie Mae 97% LTV Conventional Mortgage Loan This option is perfect for first-time homebuyers who may not have a large down payment saved but still want to benefit from the flexibility of a conventional loan. Key Features: Credit scores as low as 620 Down payments as low as 3% Mortgage insurance can be canceled once you reach 20% equity At least one borrower must be a first-time homebuyer (if the down payment is under 5%) 15- and 30-year fixed terms available Eligible for 1-4 unit properties, PUDs, condos, and manufactured homes 100% gift funds allowed for down payments No income limits 2. Fannie Mae HomeReady Loan Program Designed for low- to moderate-income borrowers, the HomeReady mortgage offers flexible funding and lower mortgage insurance costs, making it an excellent choice for those facing financial challenges. Borrower Benefits: Lower monthly payments due to reduced interest rates and mortgage insurance Down payment as low as 3% with flexible funding sources Cancellable mortgage insurance No reserves required Income limits set at 80% of the area median income (check eligibility using the AMI lookup tool) 3. Freddie Mac HomeOne Conventional Loan Program The Freddie Mac HomeOne mortgage offers a low down payment option with no income or geographic restrictions, making it accessible to more first-time buyers. Key Features: Credit scores as low as 620 Down payments as low as 3% Mortgage insurance cancellable after 20% equity Available for 1-4 unit properties, PUDs, condos, and manufactured homes No income limits 100% gift funds allowed 4. VA Loans If you’re an active-duty service member, veteran, or eligible spouse, the VA loan program is a fantastic option. VA loans provide up to 100% financing with no mortgage insurance, making homeownership more accessible for those who have served. Program Highlights: Up to 100% financing No mortgage insurance required Credit scores as low as 540 Available for both first-time buyers and repeat buyers Fixed-rate purchase and refinance options available 5. FHA Loans Backed by the Federal Housing Administration, FHA loans are designed for low- to moderate-income borrowers. They offer flexible credit requirements, allowing for higher debt-to-income ratios and lower credit scores compared to conventional loans. Key Features: 3.5% down payment Credit scores as low as 540 (with 10% down for scores below 580) Available for 1-4 unit properties, PUDs, and FHA-approved condos 6. Florida Down Payment Assistance Programs Many first-time buyers in Florida can benefit from down payment assistance programs that help cover the initial costs of buying a home. The Florida Housing Finance Corporation offers programs like: Florida Assist Mortgage Program (FL Assist): Up to $10,000 for FHA, VA, and USDA loans with a 0% interest rate. Payments are deferred until the home is sold, refinanced, or transferred. HFA Advantage Plus & HFA Preferred Plus Forgivable Second Mortgages: Provide 3%, 4%, or 5% of the loan amount for down payment and closing costs, forgivable after five years if certain conditions are met. Ready to Get Started? The journey to homeownership doesn’t have to be intimidating. Whether you’re exploring conventional, FHA, or VA loans, I’m here to guide you through the process and help you find the right mortgage option for your needs. Ready to take the next step? Visit my online application to start your pre-approval process today! rafaelsantos.sunwestmortgage.com If you have any questions about your specific situation, schedule a consultation. Let’s discuss the best loan option for you!
Read moreNavigating the Central Florida Real Estate Market: Key Trends and Insights
The Central Florida real estate market has long been one of the nation's most dynamic areas, attracting buyers, sellers, and investors with its unique combination of affordability, growth potential, and quality of life. In 2024, several emerging trends have impacted the market in ways that make it crucial for prospective homeowners, investors, and real estate professionals to stay informed. Let’s dive into the key factors shaping the current real estate landscape in Central Florida, including buyer demand, inventory levels, and evolving investment opportunities. 1. Current Market Conditions and Trends Central Florida remains a hot market, with cities like Orlando, Kissimmee, and Winter Park continuing to see substantial interest from both local and out-of-state buyers. However, rising mortgage rates have tempered the red-hot pace of sales from previous years. As of this year, the Federal Reserve's policy on interest rates has led to increases in mortgage rates, which has resulted in more cautious buyer behavior. Buyers are more selective, often prioritizing affordability and value over location and amenities. - Demand for Affordable Housing: Affordability is still a major driver, with buyers increasingly gravitating towards areas offering lower prices and cost-effective amenities. - Increased Inventory: The region has experienced a slight increase in housing inventory, providing more choices for buyers but also signaling a slight cooling of demand. - Rising Construction Costs: For those interested in new construction, building costs are still high, which may affect the price of newly built homes and delay project timelines. 2. The Rental Market in Central Florida The rental market in Central Florida remains robust, driven by demand from both locals and transplants who may be delaying home purchases due to higher interest rates. Many homeowners are choosing to rent out their properties instead of selling to take advantage of high rental yields. Investors looking at rental properties will find Central Florida appealing, especially in markets near major attractions and job hubs. - High Rental Yields: With the population growth driven by job opportunities in tourism, healthcare, and tech industries, rental properties in Central Florida are yielding strong returns. - Long-Term Investment Appeal: The rental market is particularly attractive for long-term investors who are able to capitalize on steady demand and rising rental prices. 3. Shifting Buyer Demographics Central Florida has seen a notable shift in buyer demographics. Young families and remote workers are flocking to the region for its sunny weather, family-friendly amenities, and favorable tax environment. Retirees continue to favor Central Florida for its accessibility and active lifestyle options, especially in areas like The Villages and other active adult communities. The demand from various demographic groups has shaped the market, pushing prices up in traditionally affordable neighborhoods. - Remote Workers: Central Florida’s quality of life and relatively affordable cost of living compared to other metro areas make it attractive to remote workers. - Young Families: Proximity to top-rated schools and family-friendly neighborhoods have increased interest in suburban areas. - International Buyers: Central Florida’s tourism appeal also brings in international buyers, particularly those from Latin America, Europe, and Canada, interested in vacation homes and investment properties. 4. Investment Opportunities in Central Florida Central Florida offers an array of investment opportunities, from short-term rentals in tourist-heavy areas like Kissimmee to long-term rental options in urban areas of Orlando. For investors seeking long-term appreciation, suburbs like Lake Nona, Clermont, and Winter Garden are growing rapidly, with new development projects and infrastructure improvements on the horizon. - Short-Term Rentals: The demand for vacation homes near Orlando’s theme parks remains strong, making short-term rentals highly profitable. - Long-Term Growth Areas: Suburbs experiencing rapid population growth offer excellent opportunities for investors looking for stable, long-term appreciation. - Commercial Real Estate: With companies expanding in Central Florida, commercial real estate around business districts also presents a lucrative investment option. 5. Tips for Buyers and Sellers in Today’s Market For buyers and sellers, 2024 presents unique challenges and opportunities in Central Florida’s real estate market. Sellers can benefit from listing in high-demand neighborhoods, while buyers should consider locations just outside the most popular areas to find deals. - Buyers: Focus on financing early, as mortgage rates remain unpredictable. Also, consider areas outside traditional tourist hubs, where prices may be lower but still offer strong growth potential. - Sellers: Leverage any unique features of your property, as buyers are increasingly cautious with their selections. The market for move-in-ready homes is still competitive, and sellers can capitalize by ensuring their properties are well-maintained and updated. - Investors: Evaluate rental yields carefully and consider working with a property management team if opting for short-term rentals, as compliance with local regulations is essential. 6. Future Predictions for Central Florida Real Estate Looking ahead, Central Florida’s real estate market is expected to remain stable, with a few key trends likely to persist: - Continued Population Growth: With steady job growth and an influx of new residents, Central Florida’s population will keep expanding, driving ongoing demand in the housing market. - Moderating Prices: As inventory rises and mortgage rates stabilize, the market may see a plateau or slight decline in prices, particularly in higher-priced neighborhoods. - Sustainability Trends: Buyers are more eco-conscious and value energy-efficient features, especially in newly constructed homes. This trend is expected to influence both new builds and resale properties. Conclusion The Central Florida real estate market in 2024 offers diverse opportunities and challenges for buyers, sellers, and investors. With a steady demand in the rental sector, rising interest in affordable housing, and an evolving buyer demographic, the region promises resilience even amid national market fluctuations. Staying informed on market conditions, understanding local demand, and timing your buying or selling decisions strategically will be essential to making the most of the current market dynamics. Whether you're a prospective homeowner, seasoned investor, or real estate professional, Central Florida remains a market to watch and invest in for long-term value.
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REVIEWS
Rafael Santos is an amazing knowledgeable Loan officer who cares and goes above and beyond to meet your real estate needs I have worked with him on many transactions and he does what's best for the client guiding them in the right direction helping them with their credit and getting them ready to become home owners !! I recommend him for your loan process !
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