DSCR Loans for South Carolina Real Estate Investors
South Carolina’s rental market is attracting more investors. If you want to learn how to qualify for DSCR loans in South Carolina for rental properties, you’re in the right place.
What Is a DSCR Loan?
DSCR stands for Debt Service Coverage Ratio. This loan type uses rental income to qualify, not your personal salary or tax returns.
If your property’s rent covers the mortgage, you can qualify.
Why Choose DSCR Loans in South Carolina?
Growing rental markets in Charleston, Greenville, and Columbia
No need for W-2s or tax returns
Ideal for single-family homes and small multi-family properties
Attracts investors from Georgia, North Carolina, and Florida
DSCR Loan Requirements in South Carolina
DSCR Ratio: Usually 1.0 to 1.25 minimum
Credit Score: 620+
Down Payment: 20% or higher
Loan Amounts: $100,000 to $2 million+
Eligible Properties: Single-family, duplex, triplex, fourplex
Top Cities in South Carolina for DSCR Loan Investors
Charleston: Strong rental demand with tourism-driven economy
Greenville: Affordable properties with steady rental income
Columbia: Growing rental market with universities nearby
How to Qualify for DSCR Loans in South Carolina for Rental Properties
Lenders look at your rental income to qualify you for DSCR loans in South Carolina. This means less paperwork and no personal income verification, perfect for real estate investors.
