Invest in South Carolina Real Estate with DSCR Loans — No Income Docs Needed

Written By Ali

Want to buy rental property in Charleston, Columbia, or Greenville? A DSCR loan in South Carolina lets you qualify based on the property’s cash flow—not your job or tax returns.

Whether it’s short-term or long-term rentals, these loans make investing easier.

What Is a DSCR Loan?

DSCR stands for Debt Service Coverage Ratio. It’s the formula lenders use to see if your rental income covers your mortgage payment.

If the property makes enough to cover the loan, you’re good to go. No personal income needed.

Why Real Estate Investors Love DSCR Loans in SC

  • No W-2s or tax returns

  • Perfect for Airbnb and traditional rentals

  • Use LLCs or corporations to buy

  • Multiple properties? No problem

  • Close fast and scale quickly

Hot Spots for DSCR Financing in South Carolina

  • Charleston: Strong tourism and high short-term rental income

  • Greenville: Growing economy with rising rental demand

  • Columbia: Affordable homes and consistent tenants

  • Myrtle Beach: Vacation rental potential with seasonal highs

DSCR Loan Terms

  • DSCR required: 1.0 or higher

  • Minimum credit score: 620

  • Down payment: 20–25%

  • Property must be investment-use only

Ali https://www.quickerhomeloans.com/
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