DSCR Loans in Horry County, South Carolina
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 248 lenders made 1,838 investment-property loans in Horry County, 20.2% of South Carolina's total. Dominick Prevete arranges DSCR loans across Horry County, South Carolina, qualified on the property's rent, not your tax returns. DSCR rental loans start from 7.25% (November 2026), and most close in 14 days. At HUD's fair market rent, a three-bedroom rental there covers its full payment up to a price of about $295,000.
Horry County investor market at a glance
| Statistic | Horry County | South Carolina | County rank |
|---|---|---|---|
| Investor loans | 1,838 | 9,079 | 1st of 17 |
| Reporting lenders | 248 | 498 | 1st of 17 |
| Loan volume | $496.6M | $2.59B | 2nd of 17 |
| Average loan | $270K | $286K | 7th of 17 |
| Median loan | $195K | $195K | 8th of 17 |
| Purchases | 80.3% | 64.8% | 1st of 17 |
| Cash-out refinances | 7.9% | 15.8% | 17th of 17 |
| 2–4 unit properties | 4.8% | 8.1% | 14th of 17 |
| Top five lenders' share | 27.4% | 16.9% | 11th of 17 |
| Reported business-purpose | 62.7% | 68.4% | 14th of 17 |
Horry County: closed-end loans on 1–4 unit investment properties. Horry County's rank is highest first, among South Carolina's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Horry County's investor loans.
What stands out in Horry County
80.3% of Horry County's investor loans were purchases, the highest share of South Carolina's 17 counties with published data (statewide: 64.8%).
Most investor loans here are purchases. A DSCR purchase qualifies on the property's rent, so you can get written terms before you make an offer with the Instant Term Sheet.
7.9% of Horry County's investor loans were cash-out refinances, the lowest share of South Carolina's 17 counties with published data (statewide: 15.8%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
4.8% of Horry County's investor loans financed a 2–4 unit property, the 4th-lowest share of South Carolina's 17 counties with published data (statewide: 8.1%).
Single-family rentals dominate here. A DSCR loan qualifies a single-family rental on its market rent, not your income.
Does a DSCR loan pencil in Horry County?
At HUD's fair market rent of $1,823 for a 3-bedroom in Horry County, South Carolina, a rental covers its full DSCR payment up to a purchase price of about $295,000, with 20% down at the 7.25% starting rate (November 2026). Horry County's median home value is $287,700; at that price the payment is $1,769 a month, so the property would need $1,775 in rent to cover it.
At that price, the rent covers the full payment, which is the test a standard DSCR loan qualifies on.
| HUD fair market rent, 2 / 3 / 4 bedroom (FY2027) | $1,504 / $1,823 / $1,981 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $287,700 |
| Median property taxes and effective rate | $944 (0.33% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,769 |
| Rent needed to cover that payment | $1,775 |
| Coverage of a 3-bedroom at fair market rent | 1.03 |
| Highest price a 3-bedroom at fair market rent covers | about $295,000 |
Fair market rent is HUD's 40th-percentile gross rent, including utilities; a property's appraised market rent can be higher or lower. Payment uses 20% down, a 30-year amortization at the published DSCR starting rate, the county's median effective property-tax rate and insurance at 0.50% of value. Purchase leverage goes up to 85% on qualifying files. This is an illustration, not a term sheet or an offer of credit.
Price your actual deal →Run Horry County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Horry County?
The most active investment-property lenders in Horry County in 2025 HMDA data were The Conway National Bank, Anderson Brothers Bank and Coastal Carolina National Bank, out of 248 lenders that reported. HMDA doesn't flag which loans were DSCR loans, so this list mixes DSCR and conventional investment-property lenders. Dominick Prevete places DSCR loans across 100+ lenders, including two that reported in Horry County, and matches each file to the one most likely to fund it.
Horry County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 1,838 loans and $496.6M from 248 lenders. The Conway National Bank led Horry County with 161 loans, 8.8% of the county's total, and the average Horry County loan of $270K compares with $286K across South Carolina.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| The Conway National Bank | 161 | $26.3M | $164K | 50.3% |
| Anderson Brothers Bank | 104 | $26.5M | $254K | 82.7% |
| Coastal Carolina National Bank | 88 | $26.0M | $295K | 93.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 80 | $19.4M | $242K | 93.8% |
| T2 FINANCIAL LLC | 71 | $15.5M | $218K | 93.0% |
| LENNAR MORTGAGE, LLC | 62 | $12.4M | $201K | 100.0% |
| AMERICAN HERITAGE LENDING, LLC | 53 | $9.8M | $186K | 94.3% |
| LENDSURE MORTGAGE CORP. | 52 | $11.1M | $213K | 88.5% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 47 | $15.8M | $336K | 72.3% |
| DHI MORTGAGE COMPANY, LTD. | 47 | $10.2M | $217K | 100.0% |
| Rocket Mortgage, LLC | 36 | $8.9M | $248K | 61.1% |
| Fairway Independent Mortgage Corporation | 33 | $10.6M | $321K | 75.8% |
| MOVEMENT MORTGAGE, LLC | 33 | $9.3M | $283K | 87.9% |
| Hometown Equity Mortgage, LLC | 32 | $10.2M | $319K | 84.4% |
| NEWREZ LLC | 29 | $8.5M | $292K | 86.2% |
| HOMEXPRESS MORTGAGE CORP. | 29 | $6.5M | $224K | 75.9% |
| Ameris Bank | 26 | $11.3M | $435K | 61.5% |
| CROSSCOUNTRY MORTGAGE, INC. | 25 | $6.7M | $268K | 88.0% |
| Kiavi Funding, Inc. | 24 | $5.4M | $223K | 83.3% |
| GUARANTEED RATE, INC. | 23 | $7.4M | $323K | 87.0% |
| A&D Mortgage LLC | 22 | $4.3M | $194K | 72.7% |
| South Atlantic Bank | 20 | $5.0M | $250K | 85.0% |
| LOWER, LLC | 19 | $4.8M | $251K | 68.4% |
| THE LOAN STORE, INC. | 18 | $5.2M | $291K | 83.3% |
| General Mortgage Capital Corporation | 18 | $4.0M | $224K | 77.8% |
251 South Carolina loans (2.8%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Horry County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Horry County CSV, all 25 lenders
What Horry County's table can't show you: fit. Short-term financing is exempt from HMDA, so Horry County's fix-and-flip and bridge lenders barely appear among its 248 filers, and none of the 25 names above tells you whose guidelines match your deal, your entity, or your timeline. That's the job. Dominick Prevete structures your file and places it across 100+ lenders — including some on this list — so it lands with the one most likely to fund it.
Price your loan →National Loan Provider is an independent broker and maintains wholesale relationships with some listed lenders. Appearing in this table is not an endorsement or a recommendation.
Run the coverage test on your Horry County, South Carolina deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Horry County, South Carolina property's rent, loan, taxes and insurance to see where it lands.
Principal and interest on a thirty-year amortization, plus taxes, insurance and HOA.
Enter the rent, loan amount, rate, taxes and insurance to see the coverage ratio.
Sources
- CFPB / FFIEC HMDA Data Browser — Horry County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 248 lenders and 1,838 loans: 2025 HMDA loan-level data rolled up to Horry County.
- Horry County investor-lender dataset (CSV) — All 25 lenders in the Horry County, South Carolina table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Horry County's 2-, 3- and 4-bedroom fair market rents in the rent math, and the 3-bedroom rent its highest-price figure uses: HUD's FY2027 figures for the Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Horry County's median home value (B25077) and median property taxes paid (B25103) in the rent math, from the Census 2020–2024 ACS 5-year summary files.
- DSCR loan rates, Dominick Prevete — DSCR rental loans start from 7.25%, as of November 2026: the Instant Term Sheet's best-case scenario on the current rate sheets.