North Carolina DSCR Loans
DSCR loans in North Carolina by Easy Street Capital: Rates from 5.75%, up to 80% LTV for purchases/refis, 75% cash-out, no min DSCR. Lending statewide, including Charlotte and Raleigh.
EasyRent is our tailored and industry-leading DSCR Loan solution for North Carolina real estate investors. Whether you are acquiring property to expand your portfolio or cashing out your capital in a refinance, we have a loan for you. Our DSCR Lending Program has solutions for anyone – from first-time investors to industry veterans looking to rapidly scale their portfolios. We are confident we can find you a great North Carolina DSCR loan in a quick, efficient and easy process. Click the button below and get started today!
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What is a DSCR Loan?
A DSCR Loan is a mortgage loan for a residential income-producing property. It is primarily based on the “Debt Service Coverage Ratio” or the cash flow of the property, rather than the borrower’s income. A traditional mortgage loan will require income verification, tax returns and a “Debt-to-Income” (DTI) ratio. DSCR Loans require none of these! Perfect for real estate investors ready to scale (no more W2!) or are looking leave behind the hassle, paperwork and headaches of conventional financing, DSCR Loans are quickly becoming the go-to loan option for real estate investors.
For a comprehensive definition, “DSCR Loans are mortgage loans secured by residential real estate turnkey properties strictly used for a business purpose and underwritten primarily based on the property.”
DSCR Loan Definition Breakdown
- Mortgage Loans = form of loan that is secured by collateral, collateral = real estate
- Residential Real Estate = properties used for people to live in vs. commercial, which is used to operate businesses (offices, retail, industrial, hotel, self-storage, etc.). In real estate finance, residential also typically refers to “1-4 unit” properties, anything more would be considered “multifamily”
- Business Purpose = DSCR loans strictly do not allow the owner of the property to live in the property, it must be used for “business” or investment purposes. Includes use of “cash-out proceeds”
- Underwritten = How lender evaluates (and then prices) the risk of the loan
- Primarily Based on Property = Mostly based on property, but also look at sponsor
- Turnkey = property doesn’t require any renovation, “turn the key and go”
Looking to get a deeper understanding of all things DSCR? Check out our DSCR Loans Guide below!
North Carolina Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in the Tarheel State are turning to DSCR Loans as a strategic tool to expand and manage their investment property portfolios. DSCR loans allow investors to secure financing based on the property's ability to generate income (rather than an investor's individual credit profile). In a market like North Carolina, where real estate prices have shown steady growth and rental demand remains steady, DSCR loans offer investors a flexible and effective means to acquire new properties, improve existing ones, or refinance their assets. Easy Street Capital is proud to be a leading provider of DSCR loans for North Carolina real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in the Tarheel State below:
Single-Family Residence
Candler, NC
$550,750 North Carolina DSCR Rental Loan for a Rate-Term Refinance of a rental property in Candler. Located in the picturesque Blue Ridge Mountains, this home offers a private, peaceful retreat just minutes from downtown Asheville. With steady local property values and a proven 12-month operating history, it presents a strong, income-producing short-term rental opportunity.
Single-Family Residence
Henrico, NC
$800,000 North Carolina DSCR Rental Loan for a Cash-Out Refinance of a rental property in Henrico. This lakefront home on Lake Gaston’s Pea Hill Creek has stunning views, a boat house, and access to boating, fishing, and water skiing. With luxurious features like vaulted ceilings, a fireplace, two covered porches, a patio, recessed lighting, dual vanities, and a tile bath, it’s already generating income as a short-term rental investment.
Single-Family Residence
Camden, NC
$150,800 North Carolina DSCR Rental Loan for a Cash-Out Refinance of a rental property in Camden. The home has seen extensive updates since 2020, including the roof, flooring, lighting, and more. Its location offers convenient access to local schools, shops, and the nearby rivers known for boating and fishing.
PUD
Mars Hill, NC
$301,000 North Carolina DSCR Rental Loan for an Acquisition of a rental property in Mars Hill. This remodeled contemporary home features open living spaces with a cozy fireplace and a wraparound deck in a peaceful mountain setting. Located in a large country club community with golf, skiing, and trails, it’s just 10 miles from Wolf Ridge Ski Resort and near the Appalachian Trail and Pisgah National Forest.
Single-Family Residence
Fayetteville, NC
$133,000 North Carolina DSCR Rental Loan for a Cash-Out Refinance of a rental property in Fayetteville. This residence offers convenient access to major routes, as it is located just a mile east of Interstate 295. It’s also only six miles from downtown Fayetteville, home to rich history and vibrant cultural attractions.
Single-Family Residence
Charlotte, NC
$196,000 North Carolina DSCR Rental Loan for a Cash-Out Refinance of a rental property in Charlotte. Nearby highways provide easy access to employment centers and amenities throughout the Charlotte area. The location also offers convenient proximity to public parks and recreational opportunities like hiking, biking, and nature observation.
PUD
Leicester, NC
$512,000 North Carolina DSCR Rental Loan for an Acquisition of a rental property in Leicester. This property features a charming covered front porch and a rear deck with stunning long-range mountain views. Its proximity to Pisgah National Forest and the Biltmore Estate makes it perfect for both adventure and relaxation.
Single-Family Residence
Emerald Isle, NC
$1,193,000 North Carolina DSCR Rental Loan for an Acquisition of a rental property in Emerald Isle. This brand-new three-story oceanfront short-term rental property boasts seven bedrooms, four and a half bathrooms, two garages, over 1,000 square feet of covered decks and porches, an in-ground pool, and breathtaking views of the Atlantic Ocean.
Single-Family Residence
Wilmington, NC
$496,000 North Carolina DSCR Rental Loan for an Acquisition of a rental property in Wilmington. Sitting mere miles from the coast line, this property is situated perfectly amidst the area’s retail amenities, airport and beaches.
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