DSCR Loans in Berrien County, Michigan
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 79 lenders made 210 investment-property loans in Berrien County, 1.7% of Michigan's total. Dominick Prevete arranges DSCR loans across Berrien County, Michigan, 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 $220,000.
Berrien County investor market at a glance
| Statistic | Berrien County | Michigan | County rank |
|---|---|---|---|
| Investor loans | 210 | 12,400 | 9th of 16 |
| Reporting lenders | 79 | 428 | 6th of 16 |
| Loan volume | $1.91B | $4.90B | 1st of 16 |
| Average loan | $9,076K | $395K | 1st of 16 |
| Median loan | $185K | $135K | 6th of 16 |
| Purchases | 62.9% | 56.1% | 4th of 16 |
| Cash-out refinances | 18.6% | 23.9% | 13th of 16 |
| 2–4 unit properties | 19.5% | 15.4% | 9th of 16 |
| Top five lenders' share | 32.9% | 40.3% | 15th of 16 |
| Reported business-purpose | 73.3% | 76.2% | 5th of 16 |
Berrien County: closed-end loans on 1–4 unit investment properties. Berrien County's rank is highest first, among Michigan's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Berrien County's investor loans.
What stands out in Berrien County
The average investor loan in Berrien County was $9,076K, the highest average of Michigan's 16 counties with published data (statewide: $395K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
The five most active lenders wrote 32.9% of Berrien County's investor loans, the 2nd-lowest share of Michigan's 16 counties with published data (statewide: 40.3%).
Lending here is spread across many lenders; the best fit depends on the deal more than the lender's size.
18.6% of Berrien County's investor loans were cash-out refinances, the 4th-lowest share of Michigan's 16 counties with published data (statewide: 23.9%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
Does a DSCR loan pencil in Berrien County?
At HUD's fair market rent of $1,512 for a 3-bedroom in Berrien County, Michigan, a rental covers its full DSCR payment up to a purchase price of about $220,000, with 20% down at the 7.25% starting rate (November 2026). Berrien County's median home value is $224,300; at that price the payment is $1,520 a month, so the property would need $1,525 in rent to cover it.
Coverage under 1.00 doesn't end the deal: the DSCR programs Dominick arranges go down to no-ratio, priced for the lower coverage, and a lower price or a larger down payment raises the ratio.
| HUD fair market rent, 2 / 3 / 4 bedroom (FY2027) | $1,152 / $1,512 / $1,514 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $224,300 |
| Median property taxes and effective rate | $2,429 (1.08% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,520 |
| Rent needed to cover that payment | $1,525 |
| Coverage of a 3-bedroom at fair market rent | 0.99 |
| Highest price a 3-bedroom at fair market rent covers | about $220,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $335,000 |
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 Berrien County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Berrien County?
The most active investment-property lenders in Berrien County in 2025 HMDA data were UNITED FEDERAL CREDIT UNION, Honor Credit Union and Sturgis Bank & Trust Company, out of 79 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 Berrien County, and matches each file to the one most likely to fund it.
Berrien County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 210 loans and $1.91B from 79 lenders. UNITED FEDERAL CREDIT UNION led Berrien County with 19 loans, 9.0% of the county's total, and the average Berrien County loan of $9076K compares with $395K across Michigan.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| UNITED FEDERAL CREDIT UNION | 19 | $2.8M | $148K | 63.2% |
| Honor Credit Union | 15 | $2.4M | $162K | 73.3% |
| Sturgis Bank & Trust Company | 12 | $2.6M | $214K | 50.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 12 | $2.5M | $210K | 50.0% |
| Rocket Mortgage, LLC | 11 | $2.0M | $182K | 36.4% |
| GUARANTEED RATE, INC. | 10 | $4.4M | $443K | 70.0% |
| Kiavi Funding, Inc. | 9 | $1.5M | $169K | 66.7% |
| JPMorgan Chase Bank, National Association | 8 | $2.4M | $296K | 87.5% |
| CROSSCOUNTRY MORTGAGE, INC. | 7 | $2.8M | $401K | 100.0% |
| PENNYMAC LOAN SERVICES, LLC | 4 | $2.1M | $525K | 75.0% |
| OriginPoint, LLC | 4 | $1.3M | $318K | 75.0% |
| A & N MORTGAGE SERVICES, INC. | 4 | $1.2M | $310K | 75.0% |
| Loandepot.Com, LLC | 4 | $0.5M | $120K | 100.0% |
| EVERWISE CREDIT UNION | 3 | $1852.0M | $617338K | 33.3% |
| NEXERA HOLDING LLC | 3 | $1.2M | $385K | 33.3% |
| THE LOAN STORE, INC. | 3 | $0.6M | $212K | 100.0% |
| AMERICAN HERITAGE LENDING, LLC | 2 | $1.4M | $705K | 0.0% |
| NOTRE DAME FEDERAL CREDIT UNION CORPORATION | 2 | $0.9M | $460K | 0.0% |
| The Huntington National Bank | 2 | $0.9M | $450K | 0.0% |
| Loan Funder LLC | 2 | $0.9M | $440K | 50.0% |
| BoxCar Mortgage, LLC | 2 | $0.8M | $405K | 100.0% |
| Barrington Bank & Trust Company, National Association | 2 | $0.7M | $360K | 100.0% |
| ZILLOW HOME LOANS, LLC | 2 | $0.5M | $245K | 100.0% |
| Horizon Bank | 2 | $0.5M | $245K | 100.0% |
| PNC Bank, National Association | 2 | $0.5M | $225K | 100.0% |
763 Michigan loans (6.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Berrien County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Berrien County CSV, all 25 lenders
What Berrien County's table can't show you: fit. Short-term financing is exempt from HMDA, so Berrien County's fix-and-flip and bridge lenders barely appear among its 79 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 Berrien County, Michigan deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Berrien County, Michigan 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 — Berrien County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 79 lenders and 210 loans: 2025 HMDA loan-level data rolled up to Berrien County.
- Berrien County investor-lender dataset (CSV) — All 25 lenders in the Berrien County, Michigan table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Berrien 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 Niles, MI MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Berrien 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.