A DSCR loan in South Carolina is sized on the property's rent against its full monthly payment — principal, interest, taxes, insurance and any HOA. The program does not change by state; what changes is the tax and insurance line inside that ratio, the closing table and the legal process behind the lien. Here is what is specific to South Carolina.
Silt's terms do not change at the state line. The term sheet reflects the property, the file and the supported value.
By Census Bureau population estimates, Vintage 2025 (July 1, 2025). Silt lends statewide — these markets are not a limit. Metros are ranked by full-area population among those listing this state first in the Census name; Washington is also included for Virginia and Maryland. Interstate totals are not state-only populations. [8]
Yes. South Carolina is one of the states Silt lends in, and the dscr program covers 1–10 unit rentals, long-term or short-term, purchase or refinance.
South Carolina is listed as a judicial-foreclosure jurisdiction: the lender files in court and a judgment precedes the sale. Court calendars, not the deed of trust, set the pace, so distressed-asset timelines in South Carolina run longer than in power-of-sale states. S.C. Code §§29-3-630 and 29-3-650 govern mortgage foreclosure: the court can enter the debt judgment and direct sale. Section 630 contains a recorded post-maturity written-consent alternative and a deceased-mortgagor provision.
No. The program terms are the same in every state Silt lends in: loan amounts $200K – $10M; max ltv 80% purchase · 75% cash-out; amortization 30-year; minimum dscr 1.00; qualifies on Property rent, not personal income. The final term sheet reflects the property and the file.
Every Silt loan closes in an LLC or corporation, never a personal name. S.C. Code §33-44-1003(b) treats foreign LLC ownership of income-producing property as transacting business, subject to subsection (a)’s specific exceptions. The debt-enforcement/acquired-property exceptions are not a general exemption for ordinary rental ownership.
South Carolina’s deed recording fee is $1.85 per $500 or fraction of statutory realty value under §§ 12-24-10 and 12-24-20. The grantor is primarily liable and the grantee secondarily liable, with special rules for specified exempt grantors.
No. Quoting is free and takes no credit pull. Credit is pulled only when you want a written term sheet, and it sets the pricing tier.
Estimates on this page are not a commitment to lend. State facts reviewed October 2026; laws and rates change — confirm with your title company or attorney.