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✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026
Rates

South Carolina DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 6.25%

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
  • 680+ FICO
  • Refi from 6.25%
  • 21–30 day close
See If You QualifyCalculate Your DSCR

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, 680+ FICO, and 20–25% down. No tax returns, W-2s, or DTI calculation required. 1–4 unit residential and 5+ unit multifamily eligible. Refi rates start at 6.25%.

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

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
5.5–8.5%
Annual rent / price
Eviction Timeline
30–45 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 Fund

Active DSCR deal flow across South Carolina's core rental markets. Same requirements — 1.2 DSCR, 680+ FICO, 20–25% down — apply statewide.

MetroMedian PriceGross YieldDSCR Investor Notes
Charleston$495K4.5–5.5%Premium SC market — restricted historic STR, premium LTR pricing
Columbia$265K7.0–8.5%USC + state capital employment, deep LTR demand
Greenville$365K5.5–7.0%Upstate hub — BMW/Michelin manufacturing, growing in-migration
Myrtle Beach$305K6.0–8.0%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
30–45 days
Rent Control
None / preempted

South Carolina Code § 27-37 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 FICO, LTV, DSCR, property type, and program. Baseline national DSCR refi rates start at 6.25% as of May 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
  • Velocity Mortgage Capital
  • RCN Capital

PeerSense is independent — not a lender. 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+ allowed with 740 FICO or 30% down
Credit Score680 FICO640–679 by exception, lower LTV
Down Payment20–25%25% if <1.2 DSCR or <700 FICO
Property Type1–4 units or multifamilyCondos, townhomes, STRs OK where legal
Income DocsNoneNo tax returns, W-2s, DTI check
Reserves6 months PITIAChecking, savings, stocks qualify
Close Time21–30 daysCash-out refi: 14–21 days

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

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