DSCR Loans in Cleveland 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, 62 lenders made 173 investment-property loans in Cleveland County, 0.8% of North Carolina's total. Dominick Prevete arranges DSCR loans across Cleveland 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 $215,000.
Cleveland County investor market at a glance
| Statistic | Cleveland County | North Carolina | County rank |
|---|---|---|---|
| Investor loans | 173 | 21,470 | 28th of 42 |
| Reporting lenders | 62 | 601 | 30th of 42 |
| Loan volume | $26.8M | $5.97B | 35th of 42 |
| Average loan | $155K | $278K | 39th of 42 |
| Median loan | $135K | $225K | 40th of 42 |
| Purchases | 52.0% | 64.5% | 39th of 42 |
| Cash-out refinances | 35.3% | 15.7% | 1st of 42 |
| 2–4 unit properties | 9.8% | 6.3% | 13th of 42 |
| Top five lenders' share | 35.3% | 23.4% | 16th of 42 |
| Reported business-purpose | 92.5% | 70.9% | 1st of 42 |
Cleveland County: closed-end loans on 1–4 unit investment properties. Cleveland County's rank is highest first, among North Carolina's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Cleveland County's investor loans.
What stands out in Cleveland County
35.3% of Cleveland County's investor loans were cash-out refinances, the highest share of North Carolina's 42 counties with published data (statewide: 15.7%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
By share of investor loans reported as business-purpose, Cleveland County ranks highest of North Carolina's 42 counties with published data (statewide: 70.9%).
92.5% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
The median investor loan in Cleveland County was $135K, the 3rd-lowest median of North Carolina's 42 counties with published data (statewide: $225K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
Does a DSCR loan pencil in Cleveland County?
At HUD's fair market rent of $1,404 for a 3-bedroom in Cleveland County, North Carolina, a rental covers its full DSCR payment up to a purchase price of about $215,000, with 20% down at the 7.25% starting rate (November 2026). Cleveland County's median home value is $200,000; at that price the payment is $1,282 a month, so the property would need $1,300 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) | $1,014 / $1,404 / $1,424 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $200,000 |
| Median property taxes and effective rate | $1,286 (0.64% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,282 |
| Rent needed to cover that payment | $1,300 |
| Coverage of a 3-bedroom at fair market rent | 1.10 |
| Highest price a 3-bedroom at fair market rent covers | about $215,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $315,000 |
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 Cleveland County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Cleveland County?
The most active investment-property lenders in Cleveland County in 2025 HMDA data were Bank OZK, The Fidelity Bank and STATE EMPLOYEES', out of 62 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 Cleveland County, and matches each file to the one most likely to fund it.
Cleveland County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 173 loans and $26.8M from 62 lenders. Bank OZK led Cleveland County with 24 loans, 13.9% of the county's total, and the average Cleveland County loan of $155K compares with $278K across North Carolina.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Bank OZK | 24 | $1.7M | $70K | 100.0% |
| The Fidelity Bank | 10 | $1.5M | $149K | 80.0% |
| STATE EMPLOYEES' | 10 | $1.4M | $144K | 30.0% |
| 21st Mortgage Corporation | 9 | $0.5M | $52K | 100.0% |
| Kiavi Funding, Inc. | 8 | $1.6M | $201K | 87.5% |
| Loan Funder LLC | 7 | $1.2M | $171K | 57.1% |
| GUARANTEED RATE, INC. | 7 | $1.1M | $159K | 0.0% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 6 | $1.1M | $177K | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 5 | $0.7M | $143K | 0.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 4 | $0.6M | $148K | 0.0% |
| Hometown Equity Mortgage, LLC | 4 | $0.6M | $140K | 0.0% |
| BPL MORTGAGE TRUST, LLC | 4 | $0.6M | $138K | 0.0% |
| THE LOAN STORE, INC. | 3 | $0.6M | $198K | 0.0% |
| DEEPHAVEN MORTGAGE LLC | 3 | $0.5M | $172K | 0.0% |
| CV3 FINANCIAL SERVICES, LLC | 3 | $0.5M | $162K | 33.3% |
| Citadel Servicing Corporation | 3 | $0.4M | $142K | 66.7% |
| HomeTrust Bank | 3 | $0.4M | $135K | 66.7% |
| RELIANCE FIRST CAPITAL, LLC | 3 | $0.3M | $98K | 0.0% |
| CMG MORTGAGE, INC. | 2 | $0.7M | $350K | 100.0% |
| DHI MORTGAGE COMPANY, LTD. | 2 | $0.6M | $280K | 100.0% |
| Easy Street Capital, LLC | 2 | $0.5M | $225K | 0.0% |
| FOUNDERS FEDERAL CREDIT UNION | 2 | $0.4M | $205K | 50.0% |
| HOMEXPRESS MORTGAGE CORP. | 2 | $0.3M | $175K | 50.0% |
| Commercial Bank | 2 | $0.3M | $150K | 0.0% |
| MOVEMENT MORTGAGE, LLC | 2 | $0.3M | $145K | 100.0% |
846 North Carolina loans (3.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Cleveland County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Cleveland County CSV, all 25 lenders
What Cleveland County's table can't show you: fit. Short-term financing is exempt from HMDA, so Cleveland County's fix-and-flip and bridge lenders barely appear among its 62 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 Cleveland County, North Carolina deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Cleveland 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 — Cleveland County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 62 lenders and 173 loans: 2025 HMDA loan-level data rolled up to Cleveland County.
- Cleveland County investor-lender dataset (CSV) — All 25 lenders in the Cleveland County, North Carolina table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Cleveland 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 Cleveland County, NC.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Cleveland 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.