Myrtle Beach is one of the most active short-term rental and second-home markets on the East Coast — a city where vacation rentals, retiree primary residences, and corporate-relocation buyers from the Mid-Atlantic all sit in the same market. OpenKey Mortgage Advisors works as an independent broker shopping 50+ wholesale lenders, and we specialize in the DSCR loans, jumbo programs, and self-employed bank statement loans that Myrtle Beach buyers most often need.
Most coastal Myrtle Beach properties require both flood insurance (for properties in FEMA flood zones) and wind insurance (required everywhere along the SC coast). These can add $1,500–$5,000+ annually depending on proximity to the water and elevation. We factor both into pre-approval so you understand your true monthly housing cost.
Myrtle Beach's regulations on short-term rentals are relatively permissive compared to most coastal markets, making it one of the best Airbnb/VRBO investment markets in the Southeast. DSCR loans let you qualify on the property's projected rental income (on purchase) or actual 12-month rental history (on refinance) — no W-2s, no tax returns, no DTI calculation. Title in an LLC for liability protection.
Whether you're buying a primary home in Carolina Forest, a second home in Murrells Inlet, or a short-term rental near the beach, OpenKey shops 50+ wholesale lenders to find the lowest-cost program for your situation. We work with self-employed buyers, investors, and out-of-state relocators every week.
Call or text Samantha Payne at (864) 387-8964, email Samantha@openkeymortgage.com, or visit openkeymortgageadvisors.com. OpenKey Mortgage Advisors LLC. NMLS Company ID 2812158. Samantha Payne, NMLS #2743877. Licensed in South Carolina and North Carolina. Equal Housing Opportunity.
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