DSCR Loans in South Carolina
South Carolina's ultra-low property taxes, booming Charleston metro, and Myrtle Beach STR market make it a top Southeast DSCR investment destination.
MARKET OVERVIEW
South Carolina DSCR Loan Market
South Carolina has emerged as a premier DSCR investment state, combining ultra-low property taxes (0.57%), landlord-friendly laws, and diverse markets. Charleston is the economic powerhouse with Boeing, Volvo, and a thriving tech sector driving population growth. Greenville has quietly become one of the Southeast's most dynamic cities with BMW, Michelin, and a revitalized downtown. Myrtle Beach is one of the top STR markets in the Southeast. South Carolina's low effective tax rate is a major advantage for DSCR ratios. The state has no rent control and a fast eviction process.
Top Investor Cities
- Charleston
- Greenville
- Myrtle Beach
Monthly tax on $320,000 property: $152/mo
PROGRAMS AVAILABLE IN SOUTH CAROLINA
8 DSCR Loan Programs for South Carolina Investors
Standard DSCR
The most popular option. 20% down, 660+ credit.
No-Ratio DSCR
No minimum DSCR required. 30% down.
Interest-Only DSCR
Lower monthly payments for better cash flow.
STR DSCR
Use projected Airbnb/VRBO income to qualify.
Foreign National DSCR
No SSN or US credit history required.
Bank Statement DSCR
Hybrid qualification for self-employed investors.
Portfolio DSCR
Finance multiple properties under one loan.
Bridge-to-DSCR
Purchase, rehab, then refinance into DSCR.
REQUIREMENTS
DSCR Loan Requirements in South Carolina
Licensing & Regulatory
Loans in South Carolina are originated by [Broker C], NMLS# [XXXXXX], licensed in South Carolina.
All lending decisions and terms are determined solely by the matched broker and their wholesale lending partners.
Common Property Types
- Single-Family Rentals
- Short-Term Rentals
- Condos/Townhomes
- Small Multifamily (2-4 Units)
Down Payment & LTV
- Standard DSCR: 20% minimum down (80% LTV)
- No-Ratio DSCR: 30% minimum down (70% LTV)
- 30%+ down unlocks No-Ratio DSCR programs and broader lender access
Appraisal & Rent Schedule
- Form 1007 rent schedule required with appraisal
- Appraisal estimates market rent for DSCR calculation
- STR properties: AirDNA projected income accepted
DEAL EXAMPLE
Sample DSCR Deal in Greenville, South Carolina
Single-Family Rental
Greenville, South Carolina
Monthly Breakdown
This borrower closed in 24 days with no income verification, no tax returns, and no employment check.
Results may vary. This is a representative example, not a guarantee of future performance.
This deal example is for illustrative purposes only and is based on representative scenarios across our broker network. Actual loan terms, approval, and closing depend on your full credit profile, property details, appraisal, and the matched lender's specific guidelines. This is not a loan offer or commitment to lend.
FREQUENTLY ASKED
DSCR Loan Questions for South Carolina Investors
DSCR loans in South Carolina require a minimum 660 credit score, 20% minimum down payment, and non-owner-occupied status. No income docs or tax returns needed. SC's low taxes and landlord-friendly laws make qualification easier.
Rates start from 5.99% for 740+ FICO with 35%+ down. Most SC investors see rates between 6.50% and 7.50%. Charleston and Greenville receive competitive pricing.
Yes. Myrtle Beach, Hilton Head, Charleston, and Kiawah Island are premier STR markets. Our STR DSCR program uses projected income to qualify. SC is generally STR-friendly, though some HOAs and municipalities have restrictions.
South Carolina has one of the lowest effective property tax rates at approximately 0.57%. On a $295,000 property, that's only about $140/month. This is a significant DSCR advantage. Note that SC taxes investment properties at a higher assessment ratio (6%) than owner-occupied (4%), but the effective rate remains very low.
Yes. DSCR loans have no owner-occupancy requirement. South Carolina attracts significant out-of-state investment from the Northeast and Midwest. The state's landlord-friendly laws and low taxes make it especially attractive.
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Match Me With a SpecialistLoans in South Carolina are originated by [Broker C], NMLS# [XXXXXX], licensed in South Carolina. is not affiliated with DSCRBroker.com except as a participating broker in our matching network. All lending decisions and terms are determined solely by the matched broker and their wholesale lending partners.