Loan Scenario:

American Heritage Lending backed a newer investor with a $182,000 DSCR cash-out refinance on a single-family detached home in Saint Helena Island, South Carolina, freeing up equity while leaving most of the value untouched. The property appraised at $475,000, so the loan closed at just 38.32% loan-to-value on a 30-Year term, a very conservative leverage point with a large equity cushion. Qualification came from the property’s rental income rather than the borrower’s personal earnings, and the rent covers the note at a 1.163 DSCR.

That coverage clears the note, and the low leverage makes the cash-out especially safe. DSCR is a natural fit for a first-time investor: the underwriting rests on the asset, so the borrower skips tax returns and work papers and still pulls capital back out at conservative leverage. A 30-year fixed structure gives a stable payment to build from, with the freed-up equity available for the next move.

Saint Helena Island sits in Beaufort County in South Carolina’s Lowcountry, part of the Sea Islands between the town of Beaufort and the resort destinations of Hilton Head and Fripp Island. The island is a heartland of Gullah/Geechee culture, home to the historic Penn Center, and its marshes, live oaks, and coastal character draw tourists, retirees, and second-home buyers. Proximity to Beaufort, Marine Corps Air Station Beaufort, and the Hilton Head resort economy supports a mix of long-term and seasonal rental demand. Notably, the island’s protected rural character and limited development keep quality housing scarce, supporting values on well-kept homes. That combination of Lowcountry appeal and constrained supply keeps rentals in demand.

Overall, this deal shows how American Heritage Lending backs investors with practical DSCR financing. Conservative leverage, income-qualified underwriting, and a fixed payment give the borrower a clean way to unlock equity and hold a coastal rental in a distinctive Sea Islands market.

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