Loan programs in St. Petersburg
DSCR Loans in St. Petersburg
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
InvestorFix and Flip Loans in St. Petersburg
A fix and flip loan is short-term (usually 12–18 months), interest-only financing that covers most of a distressed property’s purchase price and up to 100% of renovation costs, repaid when you sell or refinance.
InvestorDSCR Cash-Out Refinance in St. Petersburg
A DSCR cash-out refinance replaces the loan on a rental with a larger one, sized to the property’s value and qualified on its rent, and pays you the difference in cash.
InvestorShort-Term Rental (Airbnb) DSCR Loans in St. Petersburg
A short-term rental DSCR loan qualifies a vacation rental on its nightly-rental income, using 12 months of booking history or a third-party projection such as AirDNA, instead of a long-term lease.
Home loanBank Statement Loans in St. Petersburg
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Home loanFHA Loans in St. Petersburg
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Home loanFirst-Time Homebuyer Loans in St. Petersburg
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.
Home loanVA Loans in St. Petersburg
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs that lets eligible veterans, active-duty service members and certain surviving spouses buy with no down payment and no monthly mortgage insurance.
Home loanCondo Loans in St. Petersburg
A condo loan is a mortgage on a unit in a condominium project, and approval depends on the building as well as the buyer.
Neighborhoods in St. Petersburg
- Historic Kenwood
- Old Northeast
- Downtown St. Pete
- Crescent Lake
- Snell Isle
Why borrowers look at St. Petersburg
St. Petersburg has reinvented itself from quiet retiree town to one of Florida's most sought-after urban markets. Downtown and the Old Northeast pair waterfront condos and new towers with historic brick streets and 1920s bungalows, while Historic Kenwood and Crescent Lake draw buyers who want character close to the center. Snell Isle holds luxury waterfront estates. The housing stock is a genuine mix of mid-century ranches, renovated historic homes and new construction, and walkability commands a premium. Buyers come for the arts scene, hospitals and growing job base; investors for strong rental demand and tourism spillover. Storm-surge and flood exposure on the peninsula make insurance a real line item, and condo buyers should review reserves closely.
Local market snapshot: St. Petersburg
| Median home value | $371,100City of St. Petersburg · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
|---|---|
| Median gross rent | $1,663/moCity of St. Petersburg · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
| Effective property tax rate | 0.67% (approx.)Pinellas County, effective rate (approx.) · Source: SmartAsset, Florida Property Tax Calculator |
Homeowners insurance: The Pinellas peninsula's storm-surge exposure makes flood insurance common, and premiums can swing sharply between waterfront and inland blocks. Condo associations face the same reserve and insurance pressures seen across coastal Florida. Property-specific quotes, not county averages, are what matter here.
Figures are the most local reliable public data available (city, then county, then statewide), each labeled above. They are context for your payment estimate, not a quote, run your scenario through our payment calculator.
Before you buy or refinance in St. Petersburg
- Pull the Pinellas County property tax bill early; it is part of every payment and DSCR calculation.
- Get an insurance quote before you lock a price, including wind and flood.
- For rentals, check rent comps and any local rental registration or short-term rental rules in St. Petersburg.
- Florida charges documentary stamp tax on new mortgage notes (35¢ per $100) and a 0.2% nonrecurring intangible tax on mortgages, both paid at closing. Condo projects face extra review after the state’s post-2022 structural-safety reforms, so condo budgets and reserve studies matter to lenders.
Run the numbers
- DSCR Calculator
- Fix and Flip Profit Calculator
- Mortgage Payment Calculator
- Home Affordability Calculator
Other Florida cities
- Miami
- Fort Lauderdale
- Davie
- Hollywood
- West Palm Beach
- Orlando
- Tampa
- Jacksonville
- Cape Coral
- Pembroke Pines
- Miramar
- Coral Springs
- Pompano Beach
- Plantation
- Sunrise
- Weston
- Deerfield Beach
- Lauderhill
- Margate
- Tamarac
- Cooper City
- Hialeah
- Miami Beach
- Homestead
- Coral Gables
- Doral
- Boca Raton
- Delray Beach
- Boynton Beach
- Jupiter
- Wellington
- Palm Beach Gardens
- Port St. Lucie
- Fort Myers
- Naples
- Sarasota
- Bradenton
- Lakeland
- Kissimmee
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- Daytona Beach
- Palm Bay
- Melbourne
- Ocala
- Coconut Creek
- Cutler Bay
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- Miami Lakes
- Winter Park
- Altamonte Springs
- Sanford
- Oviedo
- Winter Garden
- Brandon
- Riverview
- Wesley Chapel
- Land O' Lakes
- North Port
- Destin
- Panama City Beach
- Fort Walton Beach
- Aventura
- Sunny Isles Beach
- North Miami
- North Miami Beach
- Pinecrest
- South Miami
- Miami Gardens
- Dania Beach
- Hallandale Beach
- Oakland Park
- Parkland
- Apopka
- Ocoee
- Maitland
- Lake Mary
- Longwood
- Winter Springs
- Casselberry
- Clermont
- Dunedin
- Largo
- Tarpon Springs
- New Port Richey
- Spring Hill
- Venice
- Estero
- Stuart
- St. Augustine
- Orange Park
- Titusville
- Cocoa
- Greenacres
- Royal Palm Beach
- Lake Worth Beach
- Lehigh Acres
- Deltona
- Alafaya
- Palm Coast
- Town 'n' Country
- Pine Hills
- The Villages
- Kendall
- Poinciana
- Palm Harbor
- Port Orange
- Fontainebleau
- Port Charlotte
- The Hammocks
- St. Cloud
- Kendale Lakes
- Tamiami
- Bonita Springs
- Pinellas Park
Neighborhoods in St. Petersburg
FAQ
What loans can I get in St. Petersburg, FL?
Investor loans (DSCR, fix and flip, cash-out, short-term rental) and owner-occupied home loans (bank statement, FHA, VA, conventional and more).
Who assesses property taxes in St. Petersburg?
Pinellas County. Lenders include those taxes in the monthly payment used to qualify you.