Recently Funded DSCR Loan In Aiken, South Carolina

Loan Scenario:

We closed a $170,000 DSCR rate-and-term refinance on an attached PUD in Aiken, South Carolina, structured as a True Zero Point Loan. The property appraised at $230,000, placing the loan at 74% loan-to-value on a 30-Year term. The borrower is building a rental footprint and used this refinance to lock in durable long-term financing on a well-positioned South Carolina asset.

Because it’s a DSCR loan, we underwrote to the property’s rental income rather than tax returns or pay stubs. A DSCR of 1.032 shows the rent covering the new debt service, and pairing that coverage with a rate-and-term refinance let the borrower restructure the financing into stable, long-horizon terms without pulling cash out. The zero-point structure kept closing costs lean, which matters on a hold you intend to keep for years.

Aiken is South Carolina’s storied horse country, famed for its thoroughbred training tracks and a winter-colony equestrian heritage that still shapes the town. But the modern economy runs on the Savannah River Site and its nuclear and research workforce, plus the University of South Carolina Aiken and proximity to Augusta, Georgia, just across the line and home to the Masters. That mix of federal employment, education, and steady in-commuters keeps rental demand consistent, while home prices stay well below the national curve. It’s a market that rewards patient, long-term ownership.

Long-term terms, no points, and a rental that carries itself. A refinance built to hold.

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