Non-QM Loans in Myrtle Beach, SC
Find lenders offering non-qm loans in the Myrtle Beach, including Conway, North Myrtle Beach, Surfside Beach, and surrounding areas. Compare rates, terms, and programs from 33 lenders.
Non-QM Lenders Serving Myrtle Beach
33 lenders offering non-qm loans in the Myrtle Beach, SC area.
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.
Athas Capital Group
CA
Wholesale non-QM lender offering bank statement, DSCR, asset qualifier, and foreign national programs.
Carrington Mortgage Services
Anaheim, CA
Non-QM specialist accepting credit scores as low as 500-550. Programs for borrowers with recent bankruptcy, foreclosure, or non-traditional income. Government and conventional loans too.
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.
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.
New American Funding
Tustin, CA
Large national lender offering non-QM programs including bank statement loans, asset-based loans, and jumbo non-QM. Max loan $2.5M. Also offers conventional and government 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.
Rocket Mortgage
Detroit, MI
Nation's largest online home lender. Offers some non-QM products alongside conventional, FHA, VA, and jumbo loans. Fully digital application process.
Sprout Mortgage
New York, NY
Non-QM wholesale lender. Bank statement, asset depletion, foreign national, and investor programs.
Truss Financial Group
CA
Tailored DSCR and non-QM mortgage solutions. 30-year fixed DSCR loans from $100K to $3M. Also offers 'no ratio' loans.
Acra Lending
CA
Wholesale non-QM lender with a dedicated DSCR program for investment properties. Offers bank statement, asset qualifier, and foreign national programs alongside DSCR.
Arc Home
NJ
Wholesale and correspondent lender offering DSCR loans for real estate investors. Part of Angelo Gordon's platform with competitive non-QM pricing.
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.
Non-QM Loans in Myrtle Beach, South Carolina
Non-Qualified Mortgage (Non-QM) loans are for borrowers who don't meet conventional lending criteria — self-employed, irregular income, recent credit events, or foreign nationals. They use alternative documentation like bank statements, asset depletion, or property cash flow to qualify. In the Myrtle Beach metro area, borrowers can access 33 lenders offering Non-QM financing, including Conway, North Myrtle Beach, Surfside Beach, and surrounding areas. Loan amounts typically range from $100K to $5M with rates from 6.5% - 10%.
Who Should Consider Non-QM Loans?
- Self-employed borrowers
- Bank statement borrowers
- Foreign nationals
- Recent credit events (bankruptcy, foreclosure)
Key Requirements
- Alternative income documentation
- Down payment 10-25%
- Property appraisal
- Minimum credit score varies (580-680)
Advantages
- ✓Alternative income documentation
- ✓Flexible credit requirements
- ✓Available soon after credit events
- ✓Interest-only options
Considerations
- •Higher rates than conventional
- •Larger down payment
- •Limited lender options
- •May require reserves
Non-QM Loans in Other South Carolina Cities
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