Finance South Carolina rental property on the property’s cash flow – not your tax returns. Up to 85% LTV, DSCR from 0.75x, rates from 5.75%.
A DSCR loan in South Carolina is an investment-property mortgage that qualifies on the rent your property earns rather than your personal income, using rent divided by the payment (PITIA). South Carolina investors use these loans for Charleston coastal and STR rentals, Upstate (Greenville, Spartanburg) manufacturing-driven markets, Columbia university housing, and Grand Strand vacation rentals – with up to 85% LTV, DSCR from 0.75x, credit from 620, and rates from 5.75%, and closings in as fast as 14 days.
South Carolina is one of the fastest-growing states in the country, with strong in-migration and a diversified economy – aerospace and autos in Charleston, BMW-and-Michelin manufacturing in the Upstate, government and universities in Columbia, and tourism on the coast. Coastal and suburban markets lean toward appreciation and STR revenue, while Columbia, Spartanburg, and North Charleston offer stronger cash flow.
South Carolina coverage ranges from premium coastal Charleston to high-yield Columbia and Spartanburg.
Capital, USC, and Fort Jackson demand at the state’s lowest major-market prices.
Tourism, port, and aerospace with premium rents and STR upside.
Upstate manufacturing boom with a celebrated downtown.
Affordable Charlotte-metro entry with Winthrop University.
Affluent Charleston suburb with top schools – premium rents.
Boeing and port jobs with affordable metro cash flow.
The Upstate’s lowest prices with manufacturing-driven yields.
A Grand Strand vacation-rental powerhouse with affordable entry.
Check whether the rent covers the payment, then estimate your monthly cost.
| Max LTV | Up to 85% purchase / 80% cash-out |
|---|---|
| Min DSCR | From 0.75x (no-ratio options available) |
| Min FICO | From 620 |
| Rates | From 5.75% (tier and LTV dependent) |
| Terms | 30-yr and 40-yr fixed, plus interest-only |
| Income docs | None – qualify on rent, no W-2s or tax returns |
| Property types | 1-4 units, condos, small multifamily, mixed-use |
| Short-term rentals | Airbnb / VRBO income accepted where permitted |
| Vesting | Close in an LLC or personal name |
| Closing speed | As fast as 14 days |
South Carolina investors use DSCR on Charleston coastal and STR rentals, Upstate manufacturing-market single-family, Columbia student housing, and Grand Strand vacation rentals.
We lend statewide. Explore local South Carolina DSCR programs by city:
Tell us about the property and get a same-day quote. Qualify on rent, close in an LLC, and scale with no cap on financed properties.
No. DSCR loans are investment-only and qualify on the property’s rent, so out-of-state investors buying SC rentals close in an LLC every day.
Columbia, Spartanburg, and North Charleston lead on yield; Charleston and Mount Pleasant lean appreciation; Myrtle Beach leans STR revenue.
Yes, where permitted – Charleston’s rules are strict, while Myrtle Beach is a core STR market. We underwrite STR income from market data or history.
As fast as 14 days after appraisal and title.
Rates, LTVs and terms are illustrative, subject to change, and depend on property, credit and program. Not a commitment to lend. Equal Housing Opportunity. Calculator results are estimates.
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