DSCR Loans in Anderson County, Tennessee
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 72 lenders made 163 investment-property loans in Anderson County, 1.0% of Tennessee's total. Dominick Prevete arranges DSCR loans across Anderson County, Tennessee, qualified on the property's rent, not your tax returns. DSCR rental loans start from 7.25% (November 2026), and most close in 14 days. At HUD's fair market rent, a three-bedroom rental there covers its full payment up to a price of about $290,000.
Anderson County investor market at a glance
| Statistic | Anderson County | Tennessee | County rank |
|---|---|---|---|
| Investor loans | 163 | 15,845 | 18th of 24 |
| Reporting lenders | 72 | 634 | 14th of 24 |
| Loan volume | $34.4M | $4.51B | 19th of 24 |
| Average loan | $211K | $285K | 18th of 24 |
| Median loan | $195K | $205K | 13th of 24 |
| Purchases | 51.5% | 57.0% | 19th of 24 |
| Cash-out refinances | 22.1% | 15.4% | 1st of 24 |
| 2–4 unit properties | 35.6% | 12.2% | 1st of 24 |
| Top five lenders' share | 33.1% | 14.7% | 14th of 24 |
| Reported business-purpose | 61.3% | 66.4% | 16th of 24 |
Anderson County: closed-end loans on 1–4 unit investment properties. Anderson County's rank is highest first, among Tennessee's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Anderson County's investor loans.
What stands out in Anderson County
35.6% of Anderson County's investor loans financed a 2–4 unit property, the highest share of Tennessee's 24 counties with published data (statewide: 12.2%).
2–4 unit properties are common here. A DSCR loan on a 2–4 unit property qualifies on the rent from all of its units.
22.1% of Anderson County's investor loans were cash-out refinances, the highest share of Tennessee's 24 counties with published data (statewide: 15.4%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
51.5% of Anderson County's investor loans were purchases, the 6th-lowest share of Tennessee's 24 counties with published data (statewide: 57.0%).
Refinances are a larger share here than in most of Tennessee. A DSCR refinance qualifies on the property's current rent.
Does a DSCR loan pencil in Anderson County?
At HUD's fair market rent of $1,844 for a 3-bedroom in Anderson County, Tennessee, a rental covers its full DSCR payment up to a purchase price of about $290,000, with 20% down at the 7.25% starting rate (November 2026). Anderson County's median home value is $239,400; at that price the payment is $1,514 a month, so the property would need $1,525 in rent to cover it.
At that price, the rent covers the full payment, which is the test a standard DSCR loan qualifies on.
| HUD fair market rent, 2 / 3 / 4 bedroom (FY2027) | $1,475 / $1,844 / $2,122 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $239,400 |
| Median property taxes and effective rate | $1,289 (0.54% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,514 |
| Rent needed to cover that payment | $1,525 |
| Coverage of a 3-bedroom at fair market rent | 1.22 |
| Highest price a 3-bedroom at fair market rent covers | about $290,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $465,000 |
Fair market rent is HUD's 40th-percentile gross rent, including utilities; a property's appraised market rent can be higher or lower. Payment uses 20% down, a 30-year amortization at the published DSCR starting rate, the county's median effective property-tax rate and insurance at 0.50% of value. Purchase leverage goes up to 85% on qualifying files. This is an illustration, not a term sheet or an offer of credit.
Price your actual deal →Run Anderson County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Anderson County?
The most active investment-property lenders in Anderson County in 2025 HMDA data were Peoples Bank of the South; Kiavi Funding, Inc.; and Loan Funder LLC, out of 72 lenders that reported. HMDA doesn't flag which loans were DSCR loans, so this list mixes DSCR and conventional investment-property lenders. Dominick Prevete places DSCR loans across 100+ lenders, including one that reported in Anderson County, and matches each file to the one most likely to fund it.
Anderson County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 163 loans and $34.4M from 72 lenders. Peoples Bank of the South led Anderson County with 18 loans, 11.0% of the county's total, and the average Anderson County loan of $211K compares with $285K across Tennessee.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Peoples Bank of the South | 18 | $3.8M | $210K | 27.8% |
| Kiavi Funding, Inc. | 17 | $4.0M | $234K | 88.2% |
| Loan Funder LLC | 7 | $1.3M | $188K | 57.1% |
| TNBANK | 6 | $1.1M | $175K | 0.0% |
| Commercial Bank | 6 | $0.5M | $77K | 0.0% |
| LENDINGONE, LLC | 5 | $1.3M | $261K | 40.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 5 | $1.1M | $219K | 20.0% |
| Y-12 Federal Credit Union | 4 | $0.8M | $213K | 75.0% |
| Builtwell Bank | 4 | $0.6M | $138K | 75.0% |
| Hometown Equity Mortgage, LLC | 3 | $0.9M | $315K | 0.0% |
| THE LOAN STORE, INC. | 3 | $0.8M | $272K | 33.3% |
| HOMEXPRESS MORTGAGE CORP. | 3 | $0.7M | $225K | 0.0% |
| MOVEMENT MORTGAGE, LLC | 3 | $0.6M | $205K | 100.0% |
| Fairway Independent Mortgage Corporation | 3 | $0.6M | $192K | 100.0% |
| ORNL | 3 | $0.4M | $138K | 66.7% |
| Renasant Bank | 2 | $0.8M | $390K | 100.0% |
| AMERITRUST MORTGAGE CORPORATION | 2 | $0.8M | $380K | 50.0% |
| Home Federal Bank of Tennessee | 2 | $0.7M | $355K | 100.0% |
| CONVENTUS LLC | 2 | $0.6M | $285K | 0.0% |
| MLD MORTGAGE INC. | 2 | $0.5M | $225K | 100.0% |
| PENNYMAC LOAN SERVICES, LLC | 2 | $0.4M | $220K | 50.0% |
| U.S. Bank National Association | 2 | $0.4M | $200K | 50.0% |
| MORTGAGE INVESTORS GROUP, INC. | 2 | $0.4M | $195K | 0.0% |
| First Horizon Bank | 2 | $0.4M | $195K | 0.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 2 | $0.4M | $180K | 50.0% |
451 Tennessee loans (2.8%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Anderson County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Anderson County CSV, all 25 lenders
What Anderson County's table can't show you: fit. Short-term financing is exempt from HMDA, so Anderson County's fix-and-flip and bridge lenders barely appear among its 72 filers, and none of the 25 names above tells you whose guidelines match your deal, your entity, or your timeline. That's the job. Dominick Prevete structures your file and places it across 100+ lenders — including some on this list — so it lands with the one most likely to fund it.
Price your loan →National Loan Provider is an independent broker and maintains wholesale relationships with some listed lenders. Appearing in this table is not an endorsement or a recommendation.
Run the coverage test on your Anderson County, Tennessee deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter an Anderson County, Tennessee property's rent, loan, taxes and insurance to see where it lands.
Principal and interest on a thirty-year amortization, plus taxes, insurance and HOA.
Enter the rent, loan amount, rate, taxes and insurance to see the coverage ratio.
Sources
- CFPB / FFIEC HMDA Data Browser — Anderson County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 72 lenders and 163 loans: 2025 HMDA loan-level data rolled up to Anderson County.
- Anderson County investor-lender dataset (CSV) — All 25 lenders in the Anderson County, Tennessee table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Anderson County's 2-, 3- and 4-bedroom fair market rents in the rent math, and the 3-bedroom rent its highest-price figure uses: HUD's FY2027 figures for the Knoxville, TN HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Anderson County's median home value (B25077) and median property taxes paid (B25103) in the rent math, from the Census 2020–2024 ACS 5-year summary files.
- DSCR loan rates, Dominick Prevete — DSCR rental loans start from 7.25%, as of November 2026: the Instant Term Sheet's best-case scenario on the current rate sheets.