DSCR Loans in Charlotte, NC & SC
Investment property loans with no income verification. Finance rental properties throughout North Carolina and South Carolina based on cash flow, not personal income.
Key Benefits
Why choose this loan type for your home purchase or refinance in the Carolinas
No Income Verification
Qualify based on property cash flow, not personal income or tax returns.
Unlimited Properties
No limit on the number of financed investment properties you can own.
Fast Approval
Streamlined underwriting process with faster closings than traditional loans.
Flexible Property Types
Finance single-family, multi-family, condos, and townhomes.
Overview
DSCR loans (Debt Service Coverage Ratio loans) are the preferred financing solution for real estate investors in Charlotte, North Carolina, and South Carolina. Unlike traditional mortgages, DSCR loans qualify you based on the property's rental income rather than your personal income, making them ideal for self-employed investors, those with complex tax returns, or investors building large portfolios.
As a leading Charlotte mortgage broker specializing in investment property financing, we help real estate investors scale their portfolios throughout the Carolinas. Whether you're buying your first rental property in Charlotte, expanding your portfolio in the Triangle, or investing in the growing markets of Greenville or Charleston, DSCR loans provide flexible, efficient financing.
With no income verification, unlimited properties, and fast closings, DSCR loans eliminate the barriers that traditional financing creates for investors. The property's rental income is the primary qualification factor, calculated using a simple DSCR formula: monthly rental income ÷ monthly mortgage payment. A DSCR of 1.0 or higher typically qualifies.
Basic Requirements
- Property must be investment/rental property (not primary residence)
- DSCR ratio typically 1.0 or higher (rental income covers mortgage payment)
- Credit score typically 660+ (higher scores get better rates)
- Down payment typically 20-25%
- 6-12 months cash reserves recommended
- Property must be in good condition
Simple Application Process
Get approved and close on your home in as little as 21 days
Property Analysis
We calculate DSCR using market rents or existing lease agreements.
Get Pre-Approved
Quick approval based on credit, reserves, and property cash flow.
Find Investment
Shop for rental properties that meet DSCR requirements.
Close Quickly
Streamlined process allows closing in 21-30 days.
Why Choose Your Carolina Home Loan
At Your Carolina Home Loan, we're experts in DSCR lending for investment properties across North Carolina and South Carolina. Our team provides:
- DSCR calculation and property analysis before you make an offer
- Rental income verification using market rents or existing leases
- Portfolio loan options for investors with multiple properties
- Competitive rates for investors with strong credit and reserves
- Fast closings (typically 21-30 days)
- Guidance on maximizing cash flow and investment returns
We serve real estate investors throughout the Carolinas, including Charlotte, Raleigh, Durham, Greensboro, Winston-Salem, Asheville, Columbia, Charleston, Greenville, and Myrtle Beach. Our local expertise in rental markets helps you identify properties that will qualify and generate positive cash flow.
As a Charlotte DSCR loan specialist, we're committed to helping you build wealth through real estate investing. Contact us today for a free consultation and discover how DSCR loans can accelerate your investment strategy.
Frequently Asked Questions
What is a DSCR and how is it calculated?
DSCR (Debt Service Coverage Ratio) measures whether a property's rental income can cover its mortgage payment. It's calculated by dividing monthly rental income by the monthly mortgage payment (including principal, interest, taxes, insurance, and HOA fees). A DSCR of 1.0 means the rent exactly covers the payment. Most lenders prefer 1.0 or higher, though some allow ratios as low as 0.75 with compensating factors.
Do I need to provide tax returns or W-2s for a DSCR loan?
No! That's the main advantage of DSCR loans. You don't need to provide tax returns, W-2s, pay stubs, or employment verification. The property's rental income is the primary qualification factor, making DSCR loans perfect for self-employed investors or those with complex income situations.
What down payment is required for DSCR loans in Charlotte?
DSCR loans typically require 20-25% down payment for single-family investment properties. Multi-family properties may require 25-30% down. The exact down payment depends on your credit score, DSCR ratio, and property type.
Can I use a DSCR loan for short-term rentals (Airbnb) in the Carolinas?
Yes! Many DSCR lenders accept short-term rental income from platforms like Airbnb and VRBO. We'll use market rental analysis or your historical rental income to calculate the DSCR. This is perfect for investment properties in Charlotte, Asheville, Charleston, and other tourist destinations.
How many investment properties can I finance with DSCR loans?
There's no limit! Unlike conventional loans (which cap at 10 financed properties), DSCR loans allow unlimited investment properties. This makes them ideal for building large rental portfolios throughout North Carolina and South Carolina.
What are typical DSCR loan rates in Charlotte?
DSCR loan rates are typically 0.5% to 1.5% higher than conventional mortgage rates, depending on your credit score, DSCR ratio, down payment, and property type. Investors with strong credit (740+), high DSCR (1.25+), and larger down payments get the best rates.