DSCR Loans in Dakota County, Minnesota
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 129 lenders made 421 investment-property loans in Dakota County, 7.0% of Minnesota's total. Dominick Prevete arranges DSCR loans across Dakota County, Minnesota, 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 $335,000.
Dakota County investor market at a glance
| Statistic | Dakota County | Minnesota | County rank |
|---|---|---|---|
| Investor loans | 421 | 5,990 | 3rd of 13 |
| Reporting lenders | 129 | 406 | 3rd of 13 |
| Loan volume | $106.8M | $1.51B | 3rd of 13 |
| Average loan | $254K | $251K | 7th of 13 |
| Median loan | $245K | $215K | 3rd of 13 |
| Purchases | 77.2% | 69.5% | 1st of 13 |
| Cash-out refinances | 9.7% | 9.0% | 4th of 13 |
| 2–4 unit properties | 9.0% | 17.8% | 11th of 13 |
| Top five lenders' share | 22.8% | 14.8% | 12th of 13 |
| Reported business-purpose | 54.9% | 50.7% | 5th of 13 |
Dakota County: closed-end loans on 1–4 unit investment properties. Dakota County's rank is highest first, among Minnesota's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Dakota County's investor loans.
What stands out in Dakota County
77.2% of Dakota County's investor loans were purchases, the highest share of Minnesota's 13 counties with published data (statewide: 69.5%).
Most investor loans here are purchases. A DSCR purchase qualifies on the property's rent, so you can get written terms before you make an offer with the Instant Term Sheet.
The five most active lenders wrote 22.8% of Dakota County's investor loans, the 2nd-lowest share of Minnesota's 13 counties with published data (statewide: 14.8%).
Lending here is spread across many lenders; the best fit depends on the deal more than the lender's size.
9.0% of Dakota County's investor loans financed a 2–4 unit property, the 3rd-lowest share of Minnesota's 13 counties with published data (statewide: 17.8%).
Single-family rentals dominate here. A DSCR loan qualifies a single-family rental on its market rent, not your income.
Does a DSCR loan pencil in Dakota County?
At HUD's fair market rent of $2,264 for a 3-bedroom in Dakota County, Minnesota, a rental covers its full DSCR payment up to a purchase price of about $335,000, with 20% down at the 7.25% starting rate (November 2026). Dakota County's median home value is $381,000; at that price the payment is $2,550 a month, so the property would need $2,575 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) | $1,734 / $2,264 / $2,538 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $381,000 |
| Median property taxes and effective rate | $3,749 (0.98% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,550 |
| Rent needed to cover that payment | $2,575 |
| Coverage of a 3-bedroom at fair market rent | 0.89 |
| Highest price a 3-bedroom at fair market rent covers | 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 Dakota County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Dakota County?
The most active investment-property lenders in Dakota County in 2025 HMDA data were United Wholesale Mortgage; LENNAR MORTGAGE, LLC; and Kiavi Funding, Inc., out of 129 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 Dakota County, and matches each file to the one most likely to fund it.
Dakota County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 421 loans and $106.8M from 129 lenders. United Wholesale Mortgage led Dakota County with 30 loans, 7.1% of the county's total, and the average Dakota County loan of $254K compares with $251K across Minnesota.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| United Wholesale Mortgage | 30 | $6.8M | $228K | 53.3% |
| LENNAR MORTGAGE, LLC | 19 | $4.9M | $257K | 100.0% |
| Kiavi Funding, Inc. | 17 | $5.2M | $307K | 100.0% |
| PENNYMAC LOAN SERVICES, LLC | 16 | $4.1M | $258K | 75.0% |
| DHI MORTGAGE COMPANY, LTD. | 14 | $3.8M | $269K | 100.0% |
| Bridgewater Bank | 14 | $3.2M | $230K | 100.0% |
| Bell Bank | 12 | $2.5M | $205K | 100.0% |
| HOMEXPRESS MORTGAGE CORP. | 11 | $3.5M | $317K | 63.6% |
| CROSSCOUNTRY MORTGAGE, INC. | 10 | $3.0M | $299K | 100.0% |
| PULTE MORTGAGE LLC | 10 | $2.8M | $276K | 100.0% |
| Rocket Mortgage, LLC | 10 | $2.5M | $249K | 70.0% |
| Royal Credit Union | 9 | $2.5M | $279K | 77.8% |
| Old National Bank | 7 | $1.7M | $238K | 28.6% |
| GUARANTEED RATE, INC. | 7 | $1.5M | $215K | 57.1% |
| Luminate Bank | 6 | $1.5M | $250K | 83.3% |
| U.S. Bank National Association | 6 | $1.1M | $192K | 100.0% |
| Vermillion State Bank | 5 | $1.8M | $357K | 60.0% |
| Cambria Financial Group, LLC | 5 | $1.3M | $269K | 100.0% |
| Wings Financial Credit Union | 5 | $1.2M | $239K | 100.0% |
| Prosperity Home Mortgage, LLC | 5 | $1.2M | $233K | 100.0% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 5 | $1.1M | $211K | 100.0% |
| TRUSTONE FINANCIAL CREDIT UNION | 5 | $0.7M | $147K | 40.0% |
| Merchants Bank, National Association | 4 | $1.4M | $363K | 25.0% |
| TOPLINE FINANCIAL CREDIT UNION | 4 | $1.4M | $345K | 100.0% |
| Tradition Mortgage, LLC | 4 | $1.2M | $310K | 50.0% |
40 Minnesota loans (0.7%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Dakota County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Dakota County CSV, all 25 lenders
What Dakota County's table can't show you: fit. Short-term financing is exempt from HMDA, so Dakota County's fix-and-flip and bridge lenders barely appear among its 129 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 →Dominick Prevete places loans with some of the lenders listed here through wholesale relationships, and is paid when a loan he arranges closes. Appearing in this table is not an endorsement or a recommendation.
Counties near Dakota County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Dakota County |
|---|---|---|---|
| Washington County, MN | 271 | 86 | Borders Dakota County |
| Scott County, MN | 120 | 71 | Borders Dakota County |
| Hennepin County, MN | 1,532 | 218 | Borders Dakota County |
| Ramsey County, MN | 583 | 139 | Borders Dakota County |
| Olmsted County, MN | 248 | 71 | About 55 miles away |
| Blue Earth County, MN | 107 | 37 | About 65 miles away |
Run the coverage test on your Dakota County, Minnesota deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Dakota County, Minnesota 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 — Dakota County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 129 lenders and 421 loans: 2025 HMDA loan-level data rolled up to Dakota County.
- Dakota County investor-lender dataset (CSV) — All 25 lenders in the Dakota County, Minnesota table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Dakota 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 Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Dakota 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.