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Best Lenders · Augusta DSCR

Best DSCR Lenders in Augusta, GA

Augusta's rental demand rests on Fort Gordon, the medical district and the cyber and defense work that has grown around the base. Tenants turn over on military schedules, so investors need loans that work on steady 12-month leases.

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In short: LendingStreet is our top pick for Augusta. We qualify rentals in Richmond and Columbia counties on the property's rent, with no W-2s or tax returns, from $150,000 with no stated maximum. Purchases go up to 80% LTV and cash-out up to 75%, LLC borrowers are standard and 30-year terms are available. That suits investors buying near Fort Gordon in Grovetown, Evans and Martinez, and those holding older homes closer to downtown and the medical campuses.

Our top pick for Augusta, GA investors: LendingStreet

LendingStreet is built for investors in the Augusta area, including active-duty and veteran investors who own rentals here while stationed elsewhere. We qualify the property on its rent, so your orders and pay grade do not drive the loan.

It fits Grovetown and Evans single-family rentals, older homes in Summerville and Harrisburg, and small multifamily near the medical district. Use the form below for a quote, or call (877) 298-1001 to talk it through.

LendingStreet vs other well-known DSCR lenders

If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital for a DSCR loan for investors in Augusta, GA, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.

Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.

ScenarioBest fitWhy
Rental loan above $2MLendingStreetOur DSCR loans have no stated maximum. LendingOne states DSCR loans up to $2,000,000 and RCN Capital states long-term rental loans up to $1.5M.
Credit score in the 620sLendingStreetOur DSCR minimum is 620. RCN Capital and New Silver state 660 minimums, and Dominion Financial states 680, with exceptions to 660.
5-8 unit buildingLendingStreetWe treat 1-8 units as residential DSCR. Lima One and CoreVest state 1-4 unit eligibility for their rental loans.
Property in any state, including DCLendingStreetWe lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC.

Where Augusta-area investors buy

Columbia County suburbs such as Grovetown, Evans and Martinez have newer subdivisions close to Fort Gordon's gates. Many homes there are brick or vinyl-sided single-family houses built in the last few decades, often with HOAs.

Inside Augusta-Richmond County, the Summerville neighborhood near Augusta University has older homes on larger lots, while Harrisburg, Olde Town and the areas near downtown offer lower prices, more repair needs and some 2-4 unit buildings. North Augusta and Aiken County across the river in South Carolina are part of the same metro.

Lease timing often follows military moves, so a property that fits a family on orders tends to lease steadily.

LendingStreet vs. the usual Augusta financing options

You will hear about several kinds of lenders around Augusta. They are built for different jobs, so compare them on the items that decide a rental loan, not just on who answers the phone first.

Banks and credit unions near the base serve many military families but usually underwrite on personal income. LendingStreet's rent-based approach works whether you live in Augusta or across the country.

Two more types come up: national online DSCR lenders, whose programs and service vary, and private individual lenders, who usually lend short-term and set terms deal by deal. Put the same checklist to each.

What investors needLendingStreetTypical bank or credit unionTypical private individual lender
How income is verifiedThe property's rent; no W-2s or tax returnsOften requires tax returns and personal incomeVaries; often asset-based
Loan term30-year terms availableVaries; some use balloons or shorter termsUsually short-term only
Borrow in an LLCStandardVaries by institutionOften allowed
Purchase leverageUp to 80% LTVVariesVaries; fees and terms vary
Cash-out refinanceUp to 75% LTVVariesRarely a long-term option
Minimum DSCR1.0x standard, sub-1.0 programsOften uses personal debt-to-incomeUsually not DSCR-based
Where they lendAll 50 states and DCUsually a local footprintUsually a local footprint
Owner who lives out of the areaStandard; qualify on the rentVaries; may prefer local borrowersOften local deals only

Georgia property taxes and transfer tax

Georgia assesses property at 40% of fair market value, then applies county, city and school millage. Homestead exemptions apply only to a primary residence, so an investor's bill can be higher than an owner-occupant seller's. Compare the Richmond County and Columbia County rates for the specific parcel.

Georgia charges a real estate transfer tax of $1 per $1,000 of value, usually paid by the seller. Insurance is generally moderate, but check flood zones near the Savannah River, the canal and low creeks.

Rental and short-term rental rules in the CSRA

Augusta-Richmond County and Columbia County regulate short-term rentals through zoning and business licensing, and many subdivisions near the base restrict leases under 30 days. Medium-term furnished rentals for traveling nurses and personnel on temporary duty are common, but confirm the local rules and HOA covenants first.

For most investors, the 12-month lease is the base case for underwriting, and it is what we use unless a short-term program fits a legal property.

Worked example: a Grovetown rental near the base

This example is illustrative and not a quote. An investor buys a Grovetown single-family home for $285,000 that leases for $2,000 a month. At 80% LTV the loan is $228,000. Estimated principal and interest is about $1,536, taxes are budgeted at $250 without a homestead exemption, and insurance is $125. The total payment is about $1,911, and DSCR is about 1.05x, above the 1.0x standard minimum.

ItemPurchase at 80% LTV
Loan amount$228,000
Estimated principal and interest$1,536
Property taxes (monthly)$250
Insurance (monthly)$125
Total monthly payment$1,911
Monthly rent$2,000
DSCRAbout 1.05x

Typical Augusta DSCR loans

Common files include a purchase near the base, a cash-out refinance on a home that has gained value, and a refinance of a renovated Harrisburg or Olde Town property out of short-term money. Seasoning varies by program.

Investors who have built a portfolio across the CSRA can combine five or more properties into a blanket portfolio loan.

Start with the quote form below, or reach us at (877) 298-1001.

A quick checklist for comparing Augusta lenders

LendingStreet's answers: 80% purchase, 75% cash-out and up to 80% rate-and-term on some programs. 1.0x standard DSCR with sub-1.0 options. Seasoning varies by program. LLCs are standard. The appraisal and title work set the pace, so send a full package. On 5-8 units and larger balances, max LTV can be lower and varies by program.

Getting an Augusta quote

Send the address, price, lease or market rent, the tax bill and an insurance quote. The team will run the ratio and show options. Get a quote with the form below, or call (877) 298-1001.

Common questions

Who is the best DSCR lender in Augusta, GA?

We recommend LendingStreet. Investors choose us because the loan is sized on the rent rather than personal income, LLCs are standard, 30-year terms are available and leverage reaches 80% LTV on a purchase.

Does LendingStreet lend in Augusta, GA?

Yes. We finance rentals in Augusta and throughout Georgia, as well as in all 50 states and DC, on non-owner-occupied investment property.

Can I get a DSCR loan if I am stationed away from Augusta?

Yes. We qualify on the property's rent, so your location and military pay are not the basis of the loan. The property must be a non-owner-occupied rental.

Do you lend in Columbia County and North Augusta?

Yes. We lend in Richmond and Columbia counties, in North Augusta and Aiken County, and across Georgia and South Carolina.

Why is my Augusta tax estimate higher than the seller's bill?

The seller may have had a homestead exemption. Investors do not get it, so budget on the full rate.

Can I finance a medium-term rental for traveling nurses?

Most files qualify on long-term rent. Check zoning and HOA rules for furnished stays, and ask us about short-term revenue programs where they are allowed.

Can I refinance after a rehab near downtown Augusta?

Yes. Cash-out goes up to 75% LTV and rate-and-term up to 80% on some programs, once the home is leased.

Can I still get a DSCR loan in Augusta if the ratio is below 1.0?

Sometimes. Sub-1.0 DSCR programs exist, and a smaller loan or a lower insurance quote can lift the ratio over 1.0x.

Best DSCR lenders in GeorgiaDSCR loans in AugustaAugusta DSCR cash-out refinanceAugusta rate-and-term refinanceAugusta blanket portfolio loansDSCR loans in GeorgiaDSCR calculator

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