DSCR Loans in Myrtle Beach, SC
Find lenders offering dscr loans in the Myrtle Beach, including Conway, North Myrtle Beach, Surfside Beach, and surrounding areas. Compare rates, terms, and programs from 42 lenders.
DSCR Lenders Serving Myrtle Beach
42 lenders offering dscr loans in the Myrtle Beach, 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.
Myrtle Beach Commercial Real Estate Market
Myrtle Beach's CRE market is overwhelmingly driven by tourism and retirement migration, with the Grand Strand's 60 miles of coastline generating demand for hospitality, retail, and resort-oriented commercial properties. The market has diversified beyond seasonal beach tourism with medical facility expansion from Tidelands Health and Conway Medical Center, as well as growing demand for self-storage and senior living facilities tied to the area's rapid population growth. The Highway 17 Bypass and Highway 501 corridors are the primary commercial arteries, with significant retail, medical office, and flex-space development. Market seasonality remains a key underwriting factor, as many retail and hospitality properties generate 60-70% of annual revenue during the May-through-September peak season.
Key Economic Drivers
- ●Grand Strand tourism economy attracting approximately 20 million visitors annually
- ●Rapid retiree and permanent resident in-migration driving multifamily, medical, and retail demand
- ●Myrtle Beach International Airport's expanded service increasing year-round accessibility
- ●Coastal Carolina University and Horry-Georgetown Technical College anchoring the Conway corridor
Market Insight
Myrtle Beach is one of the fastest-growing metro areas by population percentage in the U.S., and this sustained in-migration has shifted the CRE market from purely seasonal tourism toward year-round demand for medical offices, grocery-anchored retail, and workforce housing.
DSCR Loans in Myrtle Beach, 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 Myrtle Beach metro area, borrowers can access 42 lenders offering DSCR financing, including Conway, North Myrtle Beach, Surfside Beach, 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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