Myrtle Beach condo financing
The right condo loan depends on both you and the building. Beaufort Lending compares financing for warrantable condos, non-warrantable condos, and condotels to help you move forward with confidence on a Grand Strand property.
Educational guidance, not an approval or commitment to lend. Availability and terms depend on the borrower, property, and lender.
Each type of condo has its own financing path. We gather the building details and compare the programs that fit.
A warrantable condo follows the main guidelines used for standard conventional condo loans. That usually opens the door to more loan programs. We compare the available options and help you find the one that fits your plans and financial picture.
A non-warrantable condo has building features that call for specialty financing. We gather the project details, compare specialty loan programs, and help you find an option with a down payment and rate structure that fits your plans.
This condo operates more like a hotel or vacation rental, with features such as short-term stays, a front desk, or a rental program. These properties have their own specialized financing paths. We review how you plan to use the property, compare condotel loan programs, and help you find an option that fits your goals.
Fannie Mae’s project eligibility guidance outlines how project features such as hotel operations, building repairs, and current legal matters are reviewed for financing.
For a Grand Strand resort unit, gather the project name, rental-management agreement, HOA dues, assessments, and available insurance information. Share how you plan to use the condo. The listing details are a helpful starting point, and a project review shows which programs may fit.
Gather information about the project, hotel services, planned repairs, current legal matters, and insurance coverage.
Tell us whether it will be your primary home, personal second home, or rental investment.
Review the loan payment together with HOA dues, assessments, taxes, and insurance.
Your available down payment choices depend on the condo, how you plan to use it, the loan amount, and your financial profile. We compare property-specific options and walk you through the expected cash to close and reserve needs.
A DSCR loan can be an option when the program fits the project and its rental documents. DSCR means debt-service coverage ratio, which compares rent with the housing payment. We review the building and income details and compare the available programs for you.
A second-home loan may fit when you plan to use the condo yourself and rent it at other times. A property bought mainly for rental income follows a different financing path. Tell us your plans, and we’ll help you compare the options that fit.
Buying a rental? Start with Myrtle Beach DSCR financing. Buying for personal use? Compare conventional financing with a project review to confirm the fit. Depending on the borrower, property, and location, we can also compare FHA loans, VA loans, and USDA loans.
Send the listing or project name and tell us how you plan to use the property. Beaufort Lending will review the project details, compare financing options, and outline the expected costs so you can choose with confidence.
Beaufort Lending, NMLS #1703543 · Benji Gecy, NMLS #302188 · Equal Housing Lender
Serving South Carolina from Port Royal. Content updated September 9, 2026.
