DSCR Loans in Lexington 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, 107 lenders made 310 investment-property loans in Lexington County, 3.4% of South Carolina's total. Dominick Prevete arranges DSCR loans across Lexington 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 $245,000.
Lexington County investor market at a glance
| Statistic | Lexington County | South Carolina | County rank |
|---|---|---|---|
| Investor loans | 310 | 9,079 | 8th of 17 |
| Reporting lenders | 107 | 498 | 8th of 17 |
| Loan volume | $61.5M | $2.59B | 11th of 17 |
| Average loan | $198K | $286K | 13th of 17 |
| Median loan | $175K | $195K | 10th of 17 |
| Purchases | 69.0% | 64.8% | 5th of 17 |
| Cash-out refinances | 13.9% | 15.8% | 14th of 17 |
| 2–4 unit properties | 5.8% | 8.1% | 13th of 17 |
| Top five lenders' share | 28.1% | 16.9% | 10th of 17 |
| Reported business-purpose | 73.9% | 68.4% | 3rd of 17 |
Lexington County: closed-end loans on 1–4 unit investment properties. Lexington County's rank is highest first, among South Carolina's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Lexington County's investor loans.
What stands out in Lexington County
By share of investor loans reported as business-purpose, Lexington County ranks 3rd-highest of South Carolina's 17 counties with published data (statewide: 68.4%).
73.9% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
13.9% of Lexington County's investor loans were cash-out refinances, the 4th-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.
Does a DSCR loan pencil in Lexington County?
At HUD's fair market rent of $1,546 for a 3-bedroom in Lexington County, South Carolina, a rental covers its full DSCR payment up to a purchase price of about $245,000, with 20% down at the 7.25% starting rate (November 2026). Lexington County's median home value is $234,500; at that price the payment is $1,473 a month, so the property would need $1,475 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) | $1,226 / $1,546 / $1,754 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $234,500 |
| Median property taxes and effective rate | $1,151 (0.49% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,473 |
| Rent needed to cover that payment | $1,475 |
| Coverage of a 3-bedroom at fair market rent | 1.05 |
| Highest price a 3-bedroom at fair market rent covers | about $245,000 |
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 Lexington County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Lexington County?
The most active investment-property lenders in Lexington County in 2025 HMDA data were Kiavi Funding, Inc.; UNITED SHORE FINANCIAL SERVICES, LLC; and GUILD MORTGAGE COMPANY, out of 107 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 Lexington County, and matches each file to the one most likely to fund it.
Lexington County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 310 loans and $61.5M from 107 lenders. Kiavi Funding, Inc. led Lexington County with 39 loans, 12.6% of the county's total, and the average Lexington County loan of $198K compares with $286K across South Carolina.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 39 | $8.1M | $207K | 79.5% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 13 | $2.5M | $190K | 69.2% |
| GUILD MORTGAGE COMPANY | 13 | $2.4M | $181K | 76.9% |
| First Community Bank | 11 | $2.5M | $229K | 45.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | 11 | $1.9M | $177K | 100.0% |
| GUARANTEED RATE AFFINITY, LLC | 9 | $1.5M | $163K | 55.6% |
| 21st Mortgage Corporation | 8 | $0.7M | $81K | 100.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 7 | $1.7M | $249K | 100.0% |
| Arthur State Bank | 7 | $1.5M | $215K | 71.4% |
| First Reliance Bank | 7 | $1.3M | $186K | 71.4% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 6 | $1.6M | $263K | 16.7% |
| Ameris Bank | 6 | $1.5M | $243K | 66.7% |
| Wells Fargo Bank, National Association | 5 | $0.8M | $169K | 80.0% |
| KEYPOINT Credit Union | 5 | $0.8M | $163K | 80.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 5 | $0.6M | $117K | 0.0% |
| First-Citizens Bank & Trust Company | 5 | $0.5M | $109K | 40.0% |
| Rocket Mortgage, LLC | 4 | $0.6M | $155K | 25.0% |
| LOWER, LLC | 4 | $0.6M | $150K | 50.0% |
| Citadel Servicing Corporation | 4 | $0.5M | $120K | 50.0% |
| Emporium TPO LLC | 3 | $1.1M | $368K | 100.0% |
| First Palmetto Bank | 3 | $1.0M | $318K | 66.7% |
| First Heritage Mortgage, LLC | 3 | $0.9M | $302K | 100.0% |
| AMERICAN HERITAGE LENDING, LLC | 3 | $0.8M | $272K | 66.7% |
| Assurance Financial Group, L.L.C. | 3 | $0.8M | $255K | 0.0% |
| CMG MORTGAGE, INC. | 3 | $0.7M | $225K | 100.0% |
251 South Carolina loans (2.8%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Lexington County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Lexington County CSV, all 25 lenders
What Lexington County's table can't show you: fit. Short-term financing is exempt from HMDA, so Lexington County's fix-and-flip and bridge lenders barely appear among its 107 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 Lexington County, South Carolina deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Lexington 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 — Lexington County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 107 lenders and 310 loans: 2025 HMDA loan-level data rolled up to Lexington County.
- Lexington County investor-lender dataset (CSV) — All 25 lenders in the Lexington County, South Carolina table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Lexington 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 Columbia, SC HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Lexington 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.