DSCR Loans in Charleston, SC
Find lenders offering dscr loans in the Charleston, including Mount Pleasant, North Charleston, Summerville, and surrounding areas. Compare rates, terms, and programs from 42 lenders.
DSCR Lenders Serving Charleston
42 lenders offering dscr loans in the Charleston, SC area.
Lima One Capital
LocalGreenville, SC
Private lender for real estate investors. DSCR loans require 1.5+ ratio, min FICO 700. 5, 10, and 30-year options. Up to 75% LTV on purchases.
A&D Mortgage
Fort Lauderdale, FL
Wholesale non-QM lender. DSCR loans with 0 minimum DSCR, 80% max LTV, min FICO 620.
Angel Oak Mortgage Solutions
Atlanta, GA
Major non-QM and DSCR lender. Investor cash flow loans up to $1.5M. 40-year terms with interest-only options. No limit on properties.
Civic Financial Services
Redondo Beach, CA
Private money lender for residential investment properties. Bridge and DSCR rental loans. Subsidiary of Pacific Western Bank.
CoreVest Finance
Irvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
CrossCountry Mortgage
Cleveland, OH
Large national lender offering DSCR, bank statement, and non-QM mortgage products alongside conventional and government loans.
Defy Mortgage
FL
DSCR lender with flexible terms. Accepts DSCR as low as 0.75 or no ratio. Up to 85% LTV on SFR purchases. Available in 35+ states.
Easy Street Capital
Austin, TX
Investment property lender specializing in fix-and-flip, bridge, and DSCR rental loans. Loans approved in 24 hours, close in 48 hours. Min credit score 600.
Griffin Funding
CA
Nationwide DSCR lender. No income verification, DSCR as low as 0.75. Up to $5M loan amounts. Also offers VA, conventional, and non-QM loans.
JMAC Lending
CA
DSCR loans available in select states. Min DSCR 0.75, max LTV 75%, min FICO 660-700.
Kiavi
San Francisco, CA
Technology-driven lender (formerly LendingHome). $16B+ in loans funded. DSCR rental loans and bridge loans for fix-and-flip.
Lending One
Boca Raton, FL
National direct lender for real estate investors. Fix-and-flip, bridge, and 30-year DSCR rental loans. $5B+ in originations.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
North American Savings Bank
Kansas City, MO
Offers 11 types of non-QM loans including bank statement, asset depletion, DSCR, and bridge. 100,000+ mortgages closed since 2010, $30B+ loaned.
RCN Capital
South Windsor, CT
Nationwide private lender for fix-and-flip, bridge, and rental loans. Fast closings and flexible terms.
Charleston Commercial Real Estate Market
Charleston is one of the fastest-growing CRE markets in the Southeast, propelled by Boeing's 787 Dreamliner final assembly facility, a booming port, and a tourism economy that generates over $8 billion annually. The Mount Pleasant and Daniel Island submarkets attract affluent residential and Class A office demand, while North Charleston's Intermodal Container Transfer Facility links the Port of Charleston to national rail networks, driving industrial and logistics development. The Upper Peninsula neighborhood in downtown Charleston's Neck area has emerged as a development frontier, with large-scale mixed-use and tech-oriented projects reshaping the formerly industrial corridor. The historic district's strict preservation requirements create a constrained supply environment for hospitality and retail properties, supporting premium rents.
Key Economic Drivers
- ●Boeing South Carolina's 787 Dreamliner campus employing thousands and anchoring an aerospace supplier cluster
- ●Port of Charleston, one of the deepest harbors on the East Coast, driving warehouse and logistics demand
- ●Tourism industry generating over $8 billion annually and sustaining high hospitality occupancy rates
- ●Medical University of South Carolina (MUSC) and Roper St. Francis healthcare system expansions
Market Insight
The Port of Charleston's harbor deepening project to 52 feet is enabling it to handle the largest post-Panamax container vessels, positioning the metro for significant growth in port-adjacent industrial and cold storage CRE demand.
DSCR Loans in Charleston, South Carolina
Debt Service Coverage Ratio (DSCR) loans let real estate investors qualify based on the property's rental income rather than personal income or employment. Ideal for investors building a portfolio without traditional income documentation. In the Charleston metro area, borrowers can access 42 lenders offering DSCR financing, including Mount Pleasant, North Charleston, Summerville, and surrounding areas. Loan amounts typically range from $100K to $5M with rates from 7.0% - 9.5%.
Who Should Consider DSCR Loans?
- Real estate investors
- Portfolio builders
- Self-employed borrowers
- Foreign nationals
Key Requirements
- Minimum credit score: 620-680
- DSCR ratio ≥ 1.0
- Down payment: 20-25%
- Property must be investment (not owner-occupied)
Advantages
- ✓No personal income verification
- ✓Unlimited properties
- ✓Fast closing
- ✓LLC/entity vesting allowed
Considerations
- •Higher rates than conventional
- •Larger down payment
- •Prepayment penalties common
- •Minimum DSCR ratio required (typically 1.0-1.25)
DSCR Loans in Other South Carolina Cities
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