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✦Prime Rate:7.00%✦Fed Funds:3.75%✦5 Yr Treasury:5.00%↓✦10 Yr Treasury:5.21%↓✦30 Yr Treasury:5.56%↓✦30 Yr Mortgage:7.40%·Updated Oct 13, 2026✦Prime Rate:7.00%✦Fed Funds:3.75%✦5 Yr Treasury:5.00%↓✦10 Yr Treasury:5.21%↓✦30 Yr Treasury:5.56%↓✦30 Yr Mortgage:7.40%·Updated Oct 13, 2026
Rates

South Carolina DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 5.80%

Rental property financing for South Carolina investors qualified on property cash flow, not personal income, W 2s, or tax returns. Serving Charleston, Columbia, Greenville, Myrtle Beach and the rest of South Carolina. If the property cash flows at 1.2× the mortgage, you may qualify.

  • 1.2 DSCR minimum
  • Credit is lender underwriting
  • Best tier from 5.80%
  • 21 to 30 day close

Indicative as of October 1, 2026. Not a quote. Lenders set final pricing at underwriting.

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Can I get a DSCR rental loan in South Carolina?

Yes. DSCR loans in South Carolina qualify investors based on property cash flow with a 1.2 DSCR minimum. Credit and equity injection are lender underwriting. PeerSense does not set a FICO floor. No tax returns, W 2s, or DTI calculation required. 1 to 4 unit residential and 5+ unit multifamily eligible. Governed best tier floor 5.80% from rate-floors.json.

Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated October 1, 2026.

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

South Carolina Rental Market Snapshot

State level data DSCR underwriters use to size South Carolina rental deals.

Median Home Price
$305K
Statewide single family
Gross Rental Yield
5.5 to 8.5%
Annual rent / price
Eviction Timeline
30 to 45 days
landlord-friendly
Rate Adjustment
neutral
vs national baseline

South Carolina is a fast growing DSCR market driven by Charleston's lifestyle in migration, Greenville Spartanburg's BMW/Michelin manufacturing base, and Myrtle Beach's STR economics. Charleston historic district STR is restricted (operator occupancy + permit cap); Myrtle Beach remains the more accessible STR market with seasonal nightly rate volatility. Columbia anchors stable USC student housing and state government LTR.

Major South Carolina Markets We Serve

Active DSCR deal flow across South Carolina's core rental markets. Same DSCR math statewide. Credit and equity injection are lender underwriting.

MetroMedian PriceGross YieldDSCR Investor Notes
Charleston$495K4.5 to 5.5%Premium SC market, restricted historic STR, premium LTR pricing
Columbia$265K7.0 to 8.5%USC + state capital employment, deep LTR demand
Greenville$365K5.5 to 7.0%Upstate hub, BMW/Michelin manufacturing, growing in migration
Myrtle Beach$305K6.0 to 8.0%Coastal STR market, seasonal nightly rate demand, growing year round LTR
South Carolina investor note:South Carolina has no statewide rent control and a fast non judicial foreclosure process. Charleston STR market has tightened with operator occupancy requirements; Myrtle Beach remains relatively STR permissive.

South Carolina Eviction Timeline & Landlord Posture

How South Carolina courts handle non payment evictions, material to DSCR loss severity assumptions.

Posture
landlord-friendly
Typical Timeline
30 to 45 days
Rent Control
None / preempted

South Carolina Code § 27 to 37 allows a 5 day notice for non payment. Magistrate court ejectment proceedings typically resolve within 21 days of filing.

South Carolina Rate Adjustment vs National Baseline

neutralover national baseline pricing

Non judicial foreclosure and landlord friendly statutes keep loss severity low; coastal insurance loadings offset by strong STR economics.

Final pricing depends on DSCR, LTV, property type, and program. Credit is lender underwriting. Governed best tier floor 5.80% from rate-floors.json as of October 1, 2026.

DSCR Lenders Active in South Carolina

The non bank DSCR programs we see most frequently funding South Carolina rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.

  • Kiavi
  • Visio Lending
  • Lima One
  • RCN Capital

PeerSense sources capital through a curated network of commercial lenders and capital sources. Lenders listed are programs we have funded South Carolina deals through; specific terms vary by file.

South Carolina DSCR Loan Requirements

RequirementMinimumNotes
DSCR1.201.00+ exists on specialty programs. Credit and equity are lender underwriting.
CreditLender underwritingPeerSense does not set a FICO floor. Capture the score on the form.
EquityLender underwritingPurchase DSCR is commonly structured around 65 to 75% LTV. PeerSense does not set a typical down.
Property Type1 to 4 units or multifamilyCondos, townhomes, STRs OK where legal
Income DocsNoneNo tax returns, W 2s, DTI check
Reserves6 months PITIAChecking, savings, stocks qualify
Close Time21 to 30 daysCash out refi: 14 to 21 days

Not a commitment to lend. Rates and terms subject to underwriting. See our full DSCR loan guide for the complete program.

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Get South Carolina DSCR Loan Terms

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