DSCR Loans in Dare 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, 111 lenders made 378 investment-property loans in Dare County, 1.8% of North Carolina's total. Dominick Prevete arranges DSCR loans across Dare 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 $300,000.
Dare County investor market at a glance
| Statistic | Dare County | North Carolina | County rank |
|---|---|---|---|
| Investor loans | 378 | 21,470 | 17th of 42 |
| Reporting lenders | 111 | 601 | 15th of 42 |
| Loan volume | $212.1M | $5.97B | 6th of 42 |
| Average loan | $561K | $278K | 2nd of 42 |
| Median loan | $445K | $225K | 2nd of 42 |
| Purchases | 72.0% | 64.5% | 9th of 42 |
| Cash-out refinances | 11.1% | 15.7% | 36th of 42 |
| 2–4 unit properties | 1.3% | 6.3% | 41st of 42 |
| Top five lenders' share | 29.9% | 23.4% | 29th of 42 |
| Reported business-purpose | 68.8% | 70.9% | 33rd of 42 |
Dare County: closed-end loans on 1–4 unit investment properties. Dare County's rank is highest first, among North Carolina's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Dare County's investor loans.
What stands out in Dare County
The median investor loan in Dare County was $445K, the 2nd-highest median of North Carolina's 42 counties with published data (statewide: $225K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
1.3% of Dare County's investor loans financed a 2–4 unit property, the 2nd-lowest share of North Carolina's 42 counties with published data (statewide: 6.3%).
Single-family rentals dominate here. A DSCR loan qualifies a single-family rental on its market rent, not your income.
11.1% of Dare County's investor loans were cash-out refinances, the 7th-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.
Does a DSCR loan pencil in Dare County?
At HUD's fair market rent of $1,918 for a 3-bedroom in Dare County, North Carolina, a rental covers its full DSCR payment up to a purchase price of about $300,000, with 20% down at the 7.25% starting rate (November 2026). Dare County's median home value is $460,400; at that price the payment is $2,904 a month, so the property would need $2,925 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) | $1,510 / $1,918 / $2,001 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $460,400 |
| Median property taxes and effective rate | $2,391 (0.52% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,904 |
| Rent needed to cover that payment | $2,925 |
| Coverage of a 3-bedroom at fair market rent | 0.66 |
| Highest price a 3-bedroom at fair market rent covers | about $300,000 |
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 Dare County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Dare County?
The most active investment-property lenders in Dare County in 2025 HMDA data were Towne Bank; Southern Bank and Trust Company; and MOVEMENT MORTGAGE, LLC, out of 111 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.
Dare County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 378 loans and $212.1M from 111 lenders. Towne Bank led Dare County with 34 loans, 9.0% of the county's total, and the average Dare County loan of $561K compares with $278K across North Carolina.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Towne Bank | 34 | $17.2M | $505K | 82.4% |
| Southern Bank and Trust Company | 24 | $14.7M | $612K | 79.2% |
| MOVEMENT MORTGAGE, LLC | 19 | $13.2M | $697K | 84.2% |
| Atlantic Coast Mortgage, LLC | 19 | $9.9M | $520K | 84.2% |
| GUARANTEED RATE, INC. | 17 | $10.0M | $586K | 94.1% |
| CMG MORTGAGE, INC. | 17 | $8.1M | $479K | 82.4% |
| STATE EMPLOYEES' | 16 | $8.3M | $518K | 50.0% |
| CALCON MUTUAL MORTGAGE LLC | 14 | $8.6M | $615K | 92.9% |
| Rocket Mortgage, LLC | 14 | $8.5M | $608K | 50.0% |
| SOUTHERN TRUST MORTGAGE, LLC | 11 | $4.9M | $442K | 100.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 10 | $4.6M | $459K | 80.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 7 | $3.7M | $535K | 57.1% |
| DEEPHAVEN MORTGAGE LLC | 6 | $2.9M | $482K | 50.0% |
| First Bank | 5 | $11.7M | $2347K | 60.0% |
| NEXERA HOLDING LLC | 5 | $5.7M | $1133K | 80.0% |
| THE LOAN STORE, INC. | 5 | $2.6M | $519K | 60.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 5 | $2.2M | $435K | 100.0% |
| Bank of America, National Association | 4 | $3.6M | $908K | 100.0% |
| CAPITAL CENTER, L.L.C. | 4 | $2.5M | $633K | 25.0% |
| First Heritage Mortgage, LLC | 4 | $2.3M | $583K | 100.0% |
| PENNYMAC LOAN SERVICES, LLC | 4 | $2.1M | $525K | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 4 | $2.1M | $520K | 75.0% |
| Hometown Equity Mortgage, LLC | 4 | $1.9M | $470K | 75.0% |
| United Bank | 4 | $1.8M | $453K | 75.0% |
| Truist Bank | 4 | $1.7M | $425K | 50.0% |
846 North Carolina loans (3.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Dare County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Dare County CSV, all 25 lenders
What Dare County's table can't show you: fit. Short-term financing is exempt from HMDA, so Dare County's fix-and-flip and bridge lenders barely appear among its 111 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 Dare County, North Carolina deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Dare 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 — Dare County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 111 lenders and 378 loans: 2025 HMDA loan-level data rolled up to Dare County.
- Dare County investor-lender dataset (CSV) — All 25 lenders in the Dare County, North Carolina table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Dare 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 Dare County, NC.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Dare 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.