DSCR Loans in South Carolina: Real Estate Financing Without Tax Returns
Thinking about buying rental property in Charleston, Columbia, or Greenville? A DSCR loan in South Carolina could be your best path to funding—especially if you’d rather skip the tax return paperwork.
What’s a DSCR Loan?
A Debt Service Coverage Ratio loan is a type of mortgage that qualifies you based on how much income the rental generates—not on your personal income or employment.
If the property pays for itself, you could qualify.
It’s that simple.
Why Real Estate Investors Love DSCR Loans in South Carolina
Ideal for both short- and long-term rentals
Works for single-family, duplex, triplex, and 4-unit properties
Great for investors using LLCs
No job or tax verification needed
Key DSCR Loan Requirements in South Carolina
DSCR: 1.0+
Credit Score: 620 minimum
Down Payment: 20–25%
No income documentation
Must be an investment property
Title can be held in an entity
Where to Invest in South Carolina With DSCR Loans
Charleston: High tourist traffic supports short-term rentals
Columbia: Strong rental market due to student and military population
Greenville: Growing economy and rising rental demand
Who Should Consider a DSCR Loan?
Investors without verifiable income
Self-employed borrowers
New landlords
Investors scaling their portfolio using property income
DSCR loans are your tool to build wealth—without proving your paycheck.
