South Carolina DSCR Loans
DSCR loans in South Carolina by Easy Street Capital: Rates from 5.75%, up to 80% LTV for purchases/refis, 75% cash-out, no min DSCR. Lending statewide, including Charleston and Columbia.
EasyRent is our tailored and industry-leading DSCR Loan solution for South Carolina real estate investors. Whether you are acquiring property to expand your portfolio or cashing out your capital in a refinance, we have a loan for you. Our DSCR Lending Program has solutions for anyone – from first-time investors to industry veterans looking to rapidly scale their portfolios. We are confident we can find you a great South Carolina DSCR loan in a quick, efficient and easy process. Click the button below and get started today!
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What is a DSCR Loan?
A DSCR Loan is a mortgage loan for a residential income-producing property. It is primarily based on the “Debt Service Coverage Ratio” or the cash flow of the property, rather than the borrower’s income. A traditional mortgage loan will require income verification, tax returns and a “Debt-to-Income” (DTI) ratio. DSCR Loans require none of these! Perfect for real estate investors ready to scale (no more W2!) or are looking leave behind the hassle, paperwork and headaches of conventional financing, DSCR Loans are quickly becoming the go-to loan option for real estate investors.
For a comprehensive definition, “DSCR Loans are mortgage loans secured by residential real estate turnkey properties strictly used for a business purpose and underwritten primarily based on the property.”
DSCR Loan Definition Breakdown
- Mortgage Loans = form of loan that is secured by collateral, collateral = real estate
- Residential Real Estate = properties used for people to live in vs. commercial, which is used to operate businesses (offices, retail, industrial, hotel, self-storage, etc.). In real estate finance, residential also typically refers to “1-4 unit” properties, anything more would be considered “multifamily”
- Business Purpose = DSCR loans strictly do not allow the owner of the property to live in the property, it must be used for “business” or investment purposes. Includes use of “cash-out proceeds”
- Underwritten = How lender evaluates (and then prices) the risk of the loan
- Primarily Based on Property = Mostly based on property, but also look at sponsor
- Turnkey = property doesn’t require any renovation, “turn the key and go”
Looking to get a deeper understanding of all things DSCR? Check out our DSCR Loans Guide below!
South Carolina Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in The Palmetto State are turning to DSCR Loans as a strategic tool to expand and manage their investment property portfolios. DSCR loans allow investors to secure financing based on the property's ability to generate income (rather than an investor's individual credit profile). In a market like South Carolina, where real estate prices have shown steady growth and rental demand remains steady, DSCR loans offer investors a flexible and effective means to acquire new properties, improve existing ones, or refinance their assets. Easy Street Capital is proud to be a leading provider of DSCR loans for South Carolina real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in South Carolina below:
Single-Family Residence
Charleston, SC
$1,802,000 South Carolina DSCR Rental Loan for a Cash-Out Refinance of a rental property in Charleston. This beautifully preserved six-bedroom home combines historic charm with modern updates and is located less than half a mile from King Street, Marion Square, Charleston Harbor, and the College of Charleston. With area beaches just 15 minutes away and a proven short-term rental history, it offers exceptional appeal for both lifestyle and investment.
Single-Family Residence
Charleston, SC
$797,500 South Carolina DSCR Rental Loan for a Cash-Out Refinance of a rental property in Charleston. The home is situated in a historic neighborhood on the southwest side of the Charleston Peninsula, known for its charming historic homes. This area also features a variety of restaurants and shopping options.
PUD
Isle of Palms, SC
$2,190,000 South Carolina DSCR Rental Loan for an Acquisition of a rental property in Isle of Palms. This seven-bedroom, seven-bathroom luxury home features a pool, second-floor porch, game room with wet bar, and elevator, perfect for short-term rentals. Steps from the beach and local attractions, it’s just 30 minutes from downtown Charleston.
PUD
Hilton Head Island, SC
$995,520 South Carolina DSCR Rental Loan for an Acquisition of a rental property in Hilton Head Island. This short-term rental boasts luxurious features, including an in-ground pool, elevator, and spacious two-car garage, complemented by a patio and deck for outdoor relaxation. Ideally located just two miles from the pristine Coligny Beach Park and Coligny Plaza Shopping Center, it offers easy access to family-friendly attractions, retail, and dining.
Single-Family Residence
North Myrtle Beach, SC
$1,120,000 South Carolina DSCR Rental Loan for an Acquisition of a rental property in North Myrtle Beach. This luxurious home offers a private heated pool with a spillover spa, elevator access to all floors, and stunning ocean views just a block from the Atlantic. Ideally located near North Myrtle Beach’s top attractions, it is set to operate as a short-term rental, making it a perfect vacation property.
PUD
North Myrtle Beach, SC
$350,880 South Carolina DSCR Rental Loan for an Acquisition of a rental property in North Myrtle Beach. This property is situated in a suburban neighborhood a block away from the beach and north of Main Street, a mile-long road dotted with bars, shopping, and restaurants. Upon acquisition, the residence will be utilized as a short-term rental.
Single-Family Residence
Johns Island, SC
$279,700 South Carolina DSCR Rental Loan for a Cash-Out Refinance in Johns Island. This ranch-style short-term rental is situated on the fourth-largest island on the US east coast, Johns Island. Its natural beauty, abundance of wildlife, and welcoming lifestyle make it a great place to stay.
Single-Family Residence
Edisto Island, SC
$476,000 South Carolina DSCR Rental Loan for an Acquisition of a rental property in Edisto Island. This classic-style beach bungalow is located just steps away from the beach, providing the perfect getaway for a peaceful vacation. Upon acquisition, the property will be utilized as a short-term rental.
Single-Family Residence
North Augusta, SC
$140,000 South Carolina DSCR Rental Loan for a Rate-Term Refinance of a rental property in North Augusta. This property features improvements including new windows, new flooring, updated bathrooms, plumbing, and electrical work. The residence is located five miles from the Savannah River, offering walking trails, gardens, and scenic parks.
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