DSCR Loans in Carteret County, North Carolina
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 197 investment-property loans in Carteret County, 0.9% of North Carolina's total. Dominick Prevete arranges DSCR loans across Carteret County, North Carolina, 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 $255,000.
Carteret County investor market at a glance
| Statistic | Carteret County | North Carolina | County rank |
|---|---|---|---|
| Investor loans | 197 | 21,470 | 26th of 42 |
| Reporting lenders | 79 | 601 | 23rd of 42 |
| Loan volume | $85.4M | $5.97B | 21st of 42 |
| Average loan | $434K | $278K | 3rd of 42 |
| Median loan | $325K | $225K | 5th of 42 |
| Purchases | 72.6% | 64.5% | 7th of 42 |
| Cash-out refinances | 10.7% | 15.7% | 38th of 42 |
| 2–4 unit properties | 4.1% | 6.3% | 30th of 42 |
| Top five lenders' share | 28.9% | 23.4% | 30th of 42 |
| Reported business-purpose | 61.9% | 70.9% | 37th of 42 |
Carteret County: closed-end loans on 1–4 unit investment properties. Carteret County's rank is highest first, among North Carolina's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Carteret County's investor loans.
What stands out in Carteret County
The average investor loan in Carteret County was $434K, the 3rd-highest average of North Carolina's 42 counties with published data (statewide: $278K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
10.7% of Carteret County's investor loans were cash-out refinances, the 5th-lowest share of North Carolina's 42 counties with published data (statewide: 15.7%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
61.9% of Carteret County's investor loans were reported as business-purpose, the 6th-lowest share of North Carolina's 42 counties with published data (statewide: 70.9%).
Fewer investor loans here were reported as business-purpose than in most of North Carolina. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
Does a DSCR loan pencil in Carteret County?
At HUD's fair market rent of $1,607 for a 3-bedroom in Carteret County, North Carolina, a rental covers its full DSCR payment up to a purchase price of about $255,000, with 20% down at the 7.25% starting rate (November 2026). Carteret County's median home value is $333,300; at that price the payment is $2,076 a month, so the property would need $2,100 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) | $1,277 / $1,607 / $2,132 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $333,300 |
| Median property taxes and effective rate | $1,423 (0.43% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,076 |
| Rent needed to cover that payment | $2,100 |
| Coverage of a 3-bedroom at fair market rent | 0.77 |
| Highest price a 3-bedroom at fair market rent covers | about $255,000 |
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 Carteret County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Carteret County?
The most active investment-property lenders in Carteret County in 2025 HMDA data were Southern Bank and Trust Company; STATE EMPLOYEES'; and Rocket Mortgage, LLC, 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 Carteret County, and matches each file to the one most likely to fund it.
Carteret County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 197 loans and $85.4M from 79 lenders. Southern Bank and Trust Company led Carteret County with 16 loans, 8.1% of the county's total, and the average Carteret County loan of $434K compares with $278K across North Carolina.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Southern Bank and Trust Company | 16 | $6.9M | $434K | 81.2% |
| STATE EMPLOYEES' | 15 | $4.9M | $325K | 80.0% |
| Rocket Mortgage, LLC | 10 | $6.7M | $670K | 30.0% |
| LOWER, LLC | 8 | $4.6M | $578K | 100.0% |
| First-Citizens Bank & Trust Company | 8 | $2.7M | $335K | 75.0% |
| Providence Bank | 8 | $2.6M | $321K | 100.0% |
| Kiavi Funding, Inc. | 7 | $2.5M | $358K | 57.1% |
| Towne Bank | 6 | $2.3M | $382K | 100.0% |
| THE LOAN STORE, INC. | 5 | $3.1M | $627K | 100.0% |
| Beeline Loans, Inc. | 4 | $2.5M | $618K | 100.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 4 | $1.3M | $333K | 25.0% |
| MOVEMENT MORTGAGE, LLC | 4 | $1.2M | $300K | 75.0% |
| GUARANTEED RATE, INC. | 4 | $1.2M | $298K | 100.0% |
| American Security Mortgage Corp. | 4 | $1.0M | $253K | 75.0% |
| CORPORATE INVESTORS MORTGAGE GROUP, INC | 4 | $0.8M | $203K | 100.0% |
| T2 FINANCIAL LLC | 3 | $2.8M | $928K | 66.7% |
| PENNYMAC LOAN SERVICES, LLC | 3 | $2.1M | $705K | 33.3% |
| Bank of America, National Association | 3 | $1.7M | $582K | 100.0% |
| Alcova Mortgage LLC | 3 | $1.3M | $442K | 66.7% |
| CROSSCOUNTRY MORTGAGE, INC. | 3 | $1.1M | $352K | 66.7% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 3 | $0.8M | $258K | 100.0% |
| CMG MORTGAGE, INC. | 3 | $0.7M | $245K | 66.7% |
| JPMorgan Chase Bank, National Association | 2 | $3.8M | $1895K | 100.0% |
| DEEPHAVEN MORTGAGE LLC | 2 | $1.1M | $535K | 50.0% |
| Farmers & Merchants Bank | 2 | $0.8M | $395K | 0.0% |
846 North Carolina loans (3.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Carteret County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Carteret County CSV, all 25 lenders
What Carteret County's table can't show you: fit. Short-term financing is exempt from HMDA, so Carteret 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 Carteret County, North Carolina deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Carteret County, North Carolina 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 — Carteret County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 79 lenders and 197 loans: 2025 HMDA loan-level data rolled up to Carteret County.
- Carteret County investor-lender dataset (CSV) — All 25 lenders in the Carteret County, North Carolina table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Carteret 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 Carteret County, NC.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Carteret 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.