DSCR Financing in SD
DSCR Loans in South Dakota
No state income tax, Sioux Falls job growth, Black Hills STR tourism, and some of the most landlord-friendly laws in the country.
Local Market Context
Investor Markets in South Dakota
Sioux Falls
The state's largest city and primary investor market with strong job growth and affordable entry.
Rapid City
Black Hills tourism gateway with STR potential from Mount Rushmore and Sturgis traffic.
Aberdeen
Small-market workforce housing with Northern State University tenant demand.
Brookings
South Dakota State University rentals with steady occupancy.
Common Properties
What Investors Finance in South Dakota
- ✓Sioux Falls SFR long-term rentals
- ✓Rapid City and Black Hills STRs
- ✓Brookings and Vermillion university housing
- ✓Aberdeen workforce rentals
- ✓Sturgis-area seasonal STRs
Property Types
DSCR Property Eligibility
Depending on the selected capital partner, eligible property types can include single-family rentals, condos, non-warrantable condos, 2 to 4 units, 5 to 8 units, 9 to 20 units, rural properties with leverage adjustments, and mixed-use properties that are at least 50% residential.
Refinance optionsPurchase optionsProgram Paths
Current DSCR Options in South Dakota
Get Brick Capital works direct-to-wholesale across multiple capital partners. These are separate program paths, so the strongest feature from one option should not be assumed to combine with another.
Program 3
Completed Rehab
A completed renovation can use the new ARV immediately. Minimum 660 FICO, $75,000 loan, $100,000 property value, and no executed lease required.
Program 1
Small Balance
Loans can start at $50,000 with a $75,000 minimum property value. New-ARV cash-out generally requires at least 91 days and a lease is required.
Program 7
Not Available in This State
Program 7 is not available on properties in South Dakota. Other Get Brick Capital programs may still be available in this state.
Program 3 cash-out in South Dakota is generally capped at 75% LTV. The 80% Program 3 cash-out tier is limited to specific states. Final leverage can also be reduced by DSCR, property type, value, loan size, and other overlays.
South Dakota DSCR FAQ
Does Get Brick Capital offer DSCR loans in South Dakota?
Yes. South Dakota is one of the 50 states Get Brick Capital currently services through its wholesale capital-partner network.
Is Program 7 available in South Dakota?
No. Program 7 is not available on properties in South Dakota, although other Get Brick Capital programs may still be available.
Do I need W-2s or personal tax returns?
DSCR income qualification does not use W-2s, pay stubs, or personal tax returns. The most recent two months of bank statements are generally still required to verify closing funds and liquidity, and eligible assets can be used for reserves.
Can I close the loan in an LLC?
Yes. DSCR loans can close in an LLC. Other eligible vesting can include individual ownership, corporations, and approved trusts depending on the program.
See Your South Dakota DSCR Options
No credit pull for the initial quote. Rates within 24 hours. Typical 28-day close with complete documentation.