DSCR Loans for South Carolina Real Estate Investors

South Carolina’s rental market is growing fast. DSCR loans help investors buy quickly with no income paperwork.

What Is a DSCR Loan?

DSCR means Debt Service Coverage Ratio. You qualify based on rental income, not your job.

If rent covers the mortgage, you’re approved.

Why DSCR Loans Work in South Carolina

• Hot markets like Charleston, Greenville, and Myrtle Beach

• Perfect for short-term rentals and long-term tenants

• No W-2s or tax returns needed

• Great for out-of-state buyers from Georgia, North Carolina, and Florida

DSCR Loan Requirements in South Carolina

• DSCR Ratio: Minimum 1.0 to 1.25

• Credit Score: 620+

• Down Payment: 20% or more

• Loan Amounts: $100K to $2M+

• Eligible Properties: Single-family, duplex, triplex, fourplex, Airbnb

Where to Invest in South Carolina With DSCR Loans

• Charleston: Popular for vacation rentals and steady rent demand

• Greenville: Growing economy with rising rents

• Myrtle Beach: Tourist hotspot perfect for Airbnbs

• Columbia: Stable rental market with affordable homes

DSCR loans for vacation rental properties in South Carolina