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DSCR loans in North Carolina

Quick answer

DSCR loans in North Carolina qualify investors on a property's rental income instead of personal income, typically with 20%–25% down and a 660+ credit score.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

DSCR loan snapshot for North Carolina

ItemEstimate
Minimum down payment20%–25%
Minimum credit score660–700
Typical NC home value$259,400
3.5% down on typical home$9,079
20% down on typical home$51,880
Avg. effective property tax0.70%/yr (~$151/mo)
Income for typical home (31% rule)$80,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which North Carolina programs pair with DSCR loans?

  • NC Home Advantage Mortgage: A first mortgage with down payment assistance for first-time and repeat buyers.
  • NC 1st Home Advantage Down Payment: Deferred, forgivable assistance for first-time buyers and military veterans.

Details and current limits: North Carolina Housing Finance Agency (NCHFA).

How is DSCR calculated?

Lenders divide the property's market rent (from an appraiser's rent schedule or an existing lease) by the full monthly payment: principal, interest, taxes, insurance and any HOA dues. Example: $2,400 rent ÷ $2,000 payment = 1.20 DSCR.

Typical DSCR loan requirements

  • Down payment: 20%–25% (sometimes 15% for strong files).
  • Credit: 660–700 minimum.
  • Reserves: commonly 3–12 months of payments.
  • Property types: 1–4 unit homes, condos and townhomes; some lenders allow short-term rentals.

DSCR loans in North Carolina cities

CharlotteRaleighGreensboroDurhamWinston-SalemFayettevilleCaryWilmingtonHigh PointConcordAshevilleGreenvilleGastoniaJacksonvilleApexHuntersvilleChapel HillBurlingtonKannapolisRocky MountMooresvilleWake ForestWilsonHickoryHolly SpringsIndian TrailFuquay-VarinaSalisburyMonroeGoldsboroGarnerCorneliusNew BernSanfordMorrisvilleMatthewsStatesvilleClaytonKernersvilleAsheboroThomasvilleMint HillLelandShelbyClemmonsWaxhawCarrboroLexingtonKinstonBooneKnightdaleLumbertonHarrisburgMebaneElizabeth CityLenoirPinehurstMount HollyHope MillsMorgantonGrahamMurraysvilleAlbemarleStallingsHavelockSouthern PinesEdenHendersonvilleBelmontLaurinburgRoanoke RapidsHendersonDavidsonReidsvillePiney GreenAnderson CreekLewisvilleWeddingtonNewtonLake Norman of IredellMyrtle GroveArchdaleSmithfieldSpring LakeWendellLincolntonKings MountainElonSpout SpringsSummerfieldPinevilleTarboroMount AiryWintervilleWaynesvilleRolesville

Frequently asked questions

Yes. DSCR loans are available statewide in North Carolina through approved lenders, subject to county loan limits where they apply.

Often yes. North Carolina Housing Finance Agency (NCHFA) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve North Carolina.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.