DSCR loans in Myrtle Beach, SC

Rental property loans for the Grand Strand, including vacation rentals and condos.

Short answer

Myrtle Beach DSCR loans qualify a Grand Strand rental on its rent divided by PITIA. We compare specialist lenders for long-term and short-term rental properties in Horry County, where condo rules, flood and wind insurance and local short-term rental licensing drive the numbers.

The Myrtle Beach rental market for DSCR investors

Myrtle Beach and the Grand Strand are built around tourism and golf, with seasonal visitors and a growing base of year-round residents in areas such as Carolina Forest, Conway and Murrells Inlet. Coastal Carolina University in Conway adds student demand. Many investors here target vacation and short-term rentals as well as longer leases.

Seasonality and local rules are the big underwriting issues. Short-term income can swing from peak summer weeks to a quiet winter, so lenders prefer a full year of history or a market projection. Insurance, wind and flood coverage, and condo association rules also weigh on the ratio.

Where Myrtle Beach investors look

Oceanfront and beachside condos. Strong visitor demand, but condo association rules, special assessments and lender condo reviews apply.
Carolina Forest and Conway. Single-family and townhome rentals with year-round demand. Conway adds student demand.
North Myrtle Beach, Surfside Beach and Murrells Inlet. Vacation homes and condos. Verify local short-term rules and occupancy taxes.
Socastee and Little River. Lower to mid-priced single-family and townhome rentals.

DSCR details to check in Myrtle Beach

Short-term rental income is usually documented with 12 months of history or a third-party projection, and some lenders haircut it.
Many condos have rental policies, minimum stays and special assessments. Get the HOA documents early.
Flood and wind insurance can be substantial near the water. Include real quotes in PITIA.
South Carolina generally assesses rentals at a higher ratio than owner-occupied homes. Confirm the post-purchase tax estimate and any accommodations tax obligations with a professional.

An illustrative Myrtle Beach DSCR scenario

This example shows how the math works in this market. The price, rent, taxes and insurance are hypothetical round numbers, and the 7.00% rate is an example input. They are not market data, a current rate or a quote.

Condo rental, Myrtle Beach area	Illustrative figure
Purchase price (hypothetical)	$285,000
Down payment, 25%	$71,250
Loan amount	$213,750
Principal and interest (example 7.00%, 30 years)	$1,422
Taxes, per month	$258
Insurance, per month	$217
HOA dues, per month	$420
Full monthly PITIA	$2,317
Monthly rent (hypothetical)	$2,300
DSCR (rent / PITIA)	0.99

Illustrative example. With these inputs the DSCR is about 0.99. That is just under 1.0, where some programs would want a larger down payment, more reserves or different pricing, and results vary by lender. Change the inputs for your property in the DSCR calculator.

Programs Myrtle Beach investors ask about

Buying your first rental in Myrtle Beach? Select programs across our lender network accept first-time investors with no tax returns. Other options include short-term rental income, ratios below 1.0, LLC ownership, interest-only payments and cash-out refinances. See all programs at a glance.

How a Myrtle Beach purchase typically goes

In Horry County, request the condo or HOA documents, including the budget and rental policy, as soon as you are under contract. Lenders review them early, and late documents can slow a closing.

See the DSCR loan requirements and how DSCR loans work for the documents and steps.

Nearby markets

General guidance only. Programs, guidelines and rates vary by lender and change without notice. DSCR loans are for investment property only. This is not a commitment to lend.

Ready to run your numbers?

Free quote. No credit pull to start. A licensed 1st Advantage Mortgage team member follows up.

Apply now Get a DSCR quote Call 704-343-8681

Frequently asked questions

Can I finance a Myrtle Beach vacation rental with a DSCR loan?

Some programs accept short-term rental income with a 12-month history or a market projection. Condo rules, local licensing and insurance all affect eligibility. Tell us your plan at the start.

Why do condo dues matter so much for DSCR at the beach?

Association dues count in PITIA, and beach condos can have high dues. They lower the DSCR and can also lead lenders to review the association more closely.

Do lenders limit condos or condotels in Myrtle Beach?

Some lenders restrict certain condos or condo-hotel structures, and eligibility depends on the association. We compare lenders so you can find one that fits.

Free, no obligation

Get your South Carolina DSCR loan quote

Tell us about the property. A licensed 1st Advantage Mortgage team member follows up with you. There is no fee to ask and no credit pull to start.

We compare specialist wholesale lenders instead of fitting you to one lender's menu
Qualify on the property's rent, with no tax returns, W-2s or pay stubs on any program
North Carolina and South Carolina investors, including first-time investors and LLC buyers
Talk to a person: call 704-343-8681

Prefer to apply directly? Start an application with 1st Advantage Mortgage.

Get a DSCR loan quoteTakes about 2 minutes. No credit pull to start.

Full name * Phone *

Email *

State of the property City or county

Loan purpose Property type

Purchase price or value Expected monthly rent

Credit score range Cash available for down payment

Investor experience Who will own it?

Anything we should know?

DSCR loans are for business-purpose investment property, not for a home you will live in. This is not a commitment to lend. We never sell your information. See our Privacy Policy.