No W-2. No Tax Returns.
A DSCR loan in Augusta qualifies on the property's rent rather than your W-2 or tax returns — business-purpose financing for non-owner-occupied rentals, available to LLCs as standard. What makes Augusta its own underwriting problem: Georgia is non-judicial. That is exactly the kind of variable that one lender's credit box handles badly and thirty handle well, which is how LendingStreet places the file.
Check My Augusta Rental Loan Options →The economy runs on Fort Eisenhower and the Army Cyber Center of Excellence, Augusta University and its medical center, the Savannah River Site across the river, and the Masters Tournament. The rental stock is pre-war stock in Summerville and Olde Town, post-war ranches across the city, rapid new construction in Columbia County, and a military and cyber-contractor tenant base.
Georgia is non-judicial. The metro spans the Savannah River into South Carolina — North Augusta and Aiken are South Carolina properties with different foreclosure law and tax structure. The cyber and medical employment base produces a stable professional tenant demand distinct from the low-basis city core.
Because the tax line is the swing factor here, run the DSCR with the actual current bill and the reassessed figure after purchase — in Augusta they are frequently not the same number, and the lender will use the higher one.
A military and defense tenant base produces reliable rent and predictable turnover on the PCS cycle. Some capital sources treat that as a positive; a few discount it for concentration. Either way it is worth stating in the file.
Standard ranges across our capital sources: $150,000 to $3.5M, up to 80% LTV on purchase and 75% on cash-out, 1.00 minimum ratio with sub-1.0 and no-ratio at select sources, 660 credit standard with 640 and 620 tiers, 30-year fixed, LLC vesting with personal guaranty, 14 to 21 days to close. Full detail and the current rate floor are on the DSCR loan page. The figures on your file depend on the source, the property and the ratio.
The Augusta–Aiken metro — Augusta plus Evans, Martinez, Grovetown, North Augusta, SC and Aiken, SC — and the rest of Georgia via the Georgia DSCR page. Investor activity in Augusta concentrates in Summerville, Olde Town, Harrisburg, Forest Hills, Hill area; the loan is underwritten identically anywhere in the metro.
Run the ratio in the DSCR calculator with real Augusta tax and insurance figures before you submit — those lines decide more ratios here than the rate does.
Also see: Atlanta, GA →Savannah, GA →
Yes — Augusta, Evans, Martinez, Grovetown, North Augusta, SC and Aiken, SC, and the rest of Georgia.
It affects the lender's side. A faster recovery timeline widens the pool of sources comfortable writing there; a slower one makes some conservative on leverage. We account for it in placement.
Masters week supports a short, intense STR window that some capital sources will consider; annual STR underwriting is otherwise thin.
Almost always the tax line. In Augusta the lender uses the reassessed bill after purchase, which is often higher than the seller's current bill.
Typically 14 to 21 days from a complete file. Appraisal is the longest fixed step.
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