DSCR Loans in Cole County, Missouri
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
LinkedIn35 closed transactionsNLPI LLC, NJ entity ID 0451062247 (verify on the NJ business search)
In 2025 HMDA data, 36 lenders made 239 investment-property loans in Cole County, 1.6% of Missouri's total. Dominick Prevete arranges DSCR loans across Cole County, Missouri, 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 $200,000.
Cole County investor market at a glance
| Statistic | Cole County | Missouri | County rank |
|---|---|---|---|
| Investor loans | 239 | 15,393 | 11th of 22 |
| Reporting lenders | 36 | 534 | 19th of 22 |
| Loan volume | $43.9M | $2.82B | 13th of 22 |
| Average loan | $184K | $183K | 12th of 22 |
| Median loan | $155K | $145K | 11th of 22 |
| Purchases | 66.5% | 61.2% | 12th of 22 |
| Cash-out refinances | 17.2% | 12.1% | 3rd of 22 |
| 2–4 unit properties | 30.5% | 19.1% | 4th of 22 |
| Top five lenders' share | 63.6% | 18.3% | 2nd of 22 |
| Reported business-purpose | 51.5% | 63.6% | 17th of 22 |
Cole County: closed-end loans on 1–4 unit investment properties. Cole County's rank is highest first, among Missouri's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Cole County's investor loans.
What stands out in Cole County
The five most active lenders wrote 63.6% of Cole County's investor loans, the 2nd-highest share of Missouri's 22 counties with published data (statewide: 18.3%).
Five lenders write 63.6% of the loans here, so comparing written term sheets matters more.
17.2% of Cole County's investor loans were cash-out refinances, the 3rd-highest share of Missouri's 22 counties with published data (statewide: 12.1%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
30.5% of Cole County's investor loans financed a 2–4 unit property, the 4th-highest share of Missouri's 22 counties with published data (statewide: 19.1%).
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.
Does a DSCR loan pencil in Cole County?
At HUD's fair market rent of $1,332 for a 3-bedroom in Cole County, Missouri, a rental covers its full DSCR payment up to a purchase price of about $200,000, with 20% down at the 7.25% starting rate (November 2026). Cole County's median home value is $229,600; at that price the payment is $1,496 a month, so the property would need $1,500 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) | $962 / $1,332 / $1,548 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $229,600 |
| Median property taxes and effective rate | $1,769 (0.77% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,496 |
| Rent needed to cover that payment | $1,500 |
| Coverage of a 3-bedroom at fair market rent | 0.89 |
| Highest price a 3-bedroom at fair market rent covers | about $200,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $295,000 |
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 Cole County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Cole County?
The most active investment-property lenders in Cole County in 2025 HMDA data were The Central Trust Bank, Mid America Bank and Sullivan Bank, out of 36 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 and matches each file to the one most likely to fund it.
Cole County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 239 loans and $43.9M from 36 lenders. The Central Trust Bank led Cole County with 63 loans, 26.4% of the county's total, and the average Cole County loan of $184K compares with $183K across Missouri.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| The Central Trust Bank | 63 | $12.6M | $199K | 79.4% |
| Mid America Bank | 40 | $9.2M | $231K | 87.5% |
| Sullivan Bank | 20 | $4.2M | $212K | 70.0% |
| ResMac, Inc. | 15 | $1.6M | $110K | 0.0% |
| River Region Credit Union | 14 | $2.1M | $149K | 35.7% |
| Community Point Bank | 12 | $2.3M | $193K | 33.3% |
| Hawthorn Bank | 11 | $2.2M | $202K | 90.9% |
| FLAT BRANCH MORTGAGE, INC. | 9 | $1.5M | $164K | 66.7% |
| LEGENDS BANK | 9 | $0.9M | $101K | 66.7% |
| AMERICAN HERITAGE LENDING, LLC | 6 | $0.7M | $108K | 16.7% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 5 | $0.6M | $117K | 60.0% |
| GENEVA FINANCIAL, LLC | 4 | $0.4M | $98K | 100.0% |
| The Maries County Bank | 3 | $0.8M | $258K | 100.0% |
| Heritage Community Bank | 2 | $0.7M | $365K | 100.0% |
| KIND LENDING, LLC | 2 | $0.3M | $135K | 50.0% |
| First State Community Bank | 2 | $0.3M | $130K | 100.0% |
| Exchange Bank of Missouri | 2 | $0.2M | $95K | 50.0% |
| Southern Bank | 2 | $0.1M | $55K | 100.0% |
| NexBank | 1 | $0.4M | $355K | 0.0% |
| Logan Finance Corporation | 1 | $0.3M | $345K | 100.0% |
| Navy Federal Credit Union | 1 | $0.2M | $245K | 100.0% |
| First Mid Bank & Trust, National Association | 1 | $0.2M | $235K | 100.0% |
| LEI:54930042JJO3F1BJD749 | 1 | $0.2M | $225K | 0.0% |
| MISSOURI Credit Union | 1 | $0.2M | $225K | 100.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | 1 | $0.2M | $215K | 100.0% |
561 Missouri loans (3.6%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Cole County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Cole County CSV, all 25 lenders
What Cole County's table can't show you: fit. Short-term financing is exempt from HMDA, so Cole County's fix-and-flip and bridge lenders barely appear among its 36 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 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 Cole County, Missouri deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Cole County, Missouri 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 — Cole County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 36 lenders and 239 loans: 2025 HMDA loan-level data rolled up to Cole County.
- Cole County investor-lender dataset (CSV) — All 25 lenders in the Cole County, Missouri table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Cole 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 Jefferson City, MO HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Cole 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.