Can I Get a DSCR Loan with a 620 Credit Score?

Yes, you can get a DSCR loan with a 620 credit score in Florida. Most DSCR lenders set their minimum at 620, which means you're at the floor — not disqualified, but you'll pay for it in rate and down payment requirements. Here's exactly what that looks like.

What Changes at 620 vs. Higher Credit Scores

DSCR lenders use credit score tiers to price risk. The lower your score, the higher your rate and the more equity they require. At 620, you're in the highest-risk tier most lenders will accept. Here's how the tiers typically break down:

• ▸740+: Best available rates, 15–20% down, most flexible DSCR requirements
• ▸700–739: Competitive rates, 20% down standard, full program access
• ▸680–699: Slightly higher rate (0.25–0.50% above 740 tier), 20–25% down
• ▸660–679: Rate premium of 0.50–0.75%, 25% down common
• ▸640–659: Rate premium of 0.75–1.00%, 25% down required by most lenders
• ▸620–639: Rate premium of 1.00–1.50%, 25–30% down, fewer lender options

Down Payment Requirements at 620

Most DSCR lenders require 25–30% down at the 620 credit score tier. The standard 15% minimum down payment is reserved for borrowers with 680+ scores. At 620, plan for 25% as your baseline and budget accordingly. The higher equity requirement partially offsets the lender's credit risk.

DSCR Requirements at 620

At 620, most lenders require a minimum DSCR of 1.1x–1.2x rather than the 1.0x floor available to higher-score borrowers. This means the property's rental income needs to cover 110–120% of the monthly mortgage payment to qualify. If your deal is borderline on cash flow, a lower credit score can be the difference between qualifying and not.

How to Improve Your Position Before Applying

• ▸Pay down revolving balances below 30% utilization — this alone can add 20–40 points in 30–60 days
• ▸Dispute any errors on your credit report before applying
• ▸Avoid opening new credit accounts in the 90 days before application
• ▸If you have a co-borrower with a higher score, their score may be used instead (lender-dependent)

Even moving from 620 to 660 can meaningfully reduce your rate and down payment requirement. If your deal timeline allows 60–90 days, it's often worth the wait.

Bottom Line

A 620 credit score won't disqualify you from a DSCR loan in Florida — but it will cost you in rate, down payment, and deal flexibility. Text us your scenario and we'll tell you exactly what you qualify for at your current score, and whether it makes sense to wait and improve it first.

Want to understand the full DSCR qualification process? See our complete DSCR loan guide for Florida investors.