loan types
dscr investor loans
South Carolina

DSCR Investor Loans in South Carolina

Self-employed borrowers in South Carolina qualify using 12 to 24 months of bank deposits instead of tax returns. Business owners, contractors, and freelancers whose returns show aggressive deductions use bank statement programs to document the income they actually earn.
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No tax returns. No W‑2s. Qualify on rental income.

Bank Statement Calculator

Gross monthly rent ÷ total monthly payment (PITIA)
The market rent used for qualification. Lenders pull this from an appraisal rent schedule (Form 1007) for purchases or the current lease for refinances. Use the lower of the two if both exist.
Principal, interest, taxes, insurance, and association dues (if applicable). Includes the full housing payment, not just principal and interest. Flood insurance counts if required.
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DSCR
0.00
0.00
1.00
1.50+

Meets theLender’s minimum 1.00 DSCR.

Estimate only. theLender’s minimum debt service coverage ratio is 1.00, calculated as gross rents divided by PITIA. Final qualification depends on full underwriting, credit, and property review.

Bank statement loans provide South Carolina borrowers an alternative qualification method that relies on deposit history rather than traditional income documentation.

Self-employed individuals, real estate investors, and gig workers use these programs to demonstrate cash flow through their banking records.

Mortgage companies evaluate borrowers by analyzing consistent deposits over a specified period, applying expense ratios to calculate qualifying income. Non-QM lenders structure these loans for borrowers whose income patterns don't align with conventional documentation requirements, including those with seasonal businesses or multiple income streams. South Carolina borrowers can access properties across all occupancy types, from primary residences to investment properties.

theLender offers bank statement loan qualification using either 12 or 24 months of personal or business bank statements.