DSCR loans for foreign national investors in Myrtle Beach, SC

Underwriting foreign national investors

Foreign buyers typically provide a passport, proof of address abroad, bank statements and evidence of where the down payment came from, along with the usual property documents and a rent figure for the ratio.

A U.S. bank account is usually helpful for rent collection and expenses, even where the loan does not require one. Check the property type. Depending on the program, lenders restrict foreign-national loans to certain property types and exclude condominiums or short-term rentals.

Myrtle Beach facts that matter for this plan

In Myrtle Beach the median tax bill for an owner-occupied home is $1,209, or about 0.31% of value (South Carolina overall: 0.48%). That bill is close to the South Carolina median of $1,251. That is about 8% of a year of median rent gone to taxes before the loan is even counted.

For hazards, FEMA's National Risk Index puts Horry County at a relatively high overall rating, and its top-ranked hazards are hurricanes (very high), tornadoes (relatively high) and lightning (relatively high).

Horry-Georgetown Technical College are the named colleges for the Myrtle Beach area, a source of steady tenants but also of a lease cycle that follows the academic calendar. Myrtle Beach offers interstate access via I-74 and I-73 and air service through Myrtle Beach International Airport, details that affect commute times and how easily a distant investor can inspect a property.

With only 3.9% gross yield, Myrtle Beach buyers often rely on appreciation as part of the plan, and a lender will want the ratio to clear without it. Median build year 1994 means many properties still have original systems under warranty or well within their lives. A 39% renter share is large enough to keep units leased, so location relative to jobs and schools drives rent more than the market as a whole.

The Census Bureau's 2020 to 2024 American Community Survey puts median gross rent in Myrtle Beach at $1,261, close to the South Carolina median of $1,180. Median home value sits at $388,800, which is well above the South Carolina median of $259,000. By the simple measure of annual rent over home value, Myrtle Beach sits at 3.9%, a thin gross ratio, which tells you purchase prices are high relative to rent. Lenders do not underwrite a ratio like that, but investors use it to decide where to look first.

Citywide medians as a test

The quick test for Myrtle Beach: rent of $1,261 divided by a 1.25 ratio allows a total payment of $1,009, and subtracting $101 in monthly taxes leaves $908 for the loan, insurance and dues. At 1.00 the allowance is the full $1,160.

Planning notes

Appraisals and inspections can be ordered while you are abroad, but you should still have a local representative who answers to you.

Your Myrtle Beach checklist

• Tax advice on U.S. rental income
• Insurance and tax payments set up in U.S. dollars
• Wire from an account in the borrower's name
• Local property manager and U.S. bank account
• Valid passport and proof of residence abroad

Go deeper

• DSCR loans in Myrtle Beach, SC
• Program guide for this strategy
• Short-Term Rental Investors in Myrtle Beach
• Out-of-State Investors in Myrtle Beach
• All South Carolina DSCR loans

Have a foreign national investors deal in Myrtle Beach in mind? Describe it or begin an application, and use the calculator to preview the ratio.

Sources and data notes

• South Carolina tax source: S.C. Code 12-36-920
• 2020 to 2024 ACS data used for Myrtle Beach
• National Risk Index entry, Horry County
• Encyclopedia entry for Myrtle Beach
• Myrtle Beach landlords: see S.C. Code Ann. § 27-40-410

We took the Myrtle Beach data from Census ACS five-year tables for 2020 to 2024, estimates with margins of error. Reviewed in October 2026, with no promise that rules have stayed put. Availability varies by property and program and is not an offer to lend. See disclosures.