DSCR Loans in Erie County, Ohio
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 47 lenders made 130 investment-property loans in Erie County, 0.6% of Ohio's total. Dominick Prevete arranges DSCR loans across Erie County, Ohio, 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 $220,000.
Erie County investor market at a glance
| Statistic | Erie County | Ohio | County rank |
|---|---|---|---|
| Investor loans | 130 | 21,703 | 25th of 30 |
| Reporting lenders | 47 | 551 | 23rd of 30 |
| Loan volume | $18.4M | $3.64B | 25th of 30 |
| Average loan | $142K | $168K | 19th of 30 |
| Median loan | $125K | $135K | 16th of 30 |
| Purchases | 55.4% | 59.1% | 24th of 30 |
| Cash-out refinances | 22.3% | 20.0% | 11th of 30 |
| 2–4 unit properties | 26.9% | 23.7% | 7th of 30 |
| Top five lenders' share | 46.9% | 28.8% | 7th of 30 |
| Reported business-purpose | 51.5% | 76.4% | 28th of 30 |
Erie County: closed-end loans on 1–4 unit investment properties. Erie County's rank is highest first, among Ohio's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Erie County's investor loans.
What stands out in Erie County
51.5% of Erie County's investor loans were reported as business-purpose, the 3rd-lowest share of Ohio's 30 counties with published data (statewide: 76.4%).
Fewer investor loans here were reported as business-purpose than in most of Ohio. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
26.9% of Erie County's investor loans financed a 2–4 unit property, the 7th-highest share of Ohio's 30 counties with published data (statewide: 23.7%).
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.
55.4% of Erie County's investor loans were purchases, the 7th-lowest share of Ohio's 30 counties with published data (statewide: 59.1%).
Refinances are a larger share here than in most of Ohio. A DSCR refinance qualifies on the property's current rent.
Does a DSCR loan pencil in Erie County?
At HUD's fair market rent of $1,531 for a 3-bedroom in Erie County, Ohio, a rental covers its full DSCR payment up to a purchase price of about $220,000, with 20% down at the 7.25% starting rate (November 2026). Erie County's median home value is $199,700; at that price the payment is $1,375 a month, so the property would need $1,400 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) | $1,221 / $1,531 / $1,702 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $199,700 |
| Median property taxes and effective rate | $2,428 (1.22% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,375 |
| Rent needed to cover that payment | $1,400 |
| Coverage of a 3-bedroom at fair market rent | 1.11 |
| Highest price a 3-bedroom at fair market rent covers | about $220,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $350,000 |
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 Erie County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Erie County?
The most active investment-property lenders in Erie County in 2025 HMDA data were Civista Bank; Rocket Mortgage, LLC; and The Huntington National Bank, out of 47 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 two that reported in Erie County, and matches each file to the one most likely to fund it.
Erie County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 130 loans and $18.4M from 47 lenders. Civista Bank led Erie County with 33 loans, 25.4% of the county's total, and the average Erie County loan of $142K compares with $168K across Ohio.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Civista Bank | 33 | $3.9M | $120K | 60.6% |
| Rocket Mortgage, LLC | 8 | $1.1M | $139K | 62.5% |
| The Huntington National Bank | 7 | $0.8M | $114K | 71.4% |
| U.S. Bank National Association | 7 | $0.3M | $49K | 0.0% |
| The First National Bank of Bellevue | 6 | $1.5M | $253K | 83.3% |
| Kiavi Funding, Inc. | 4 | $0.6M | $140K | 25.0% |
| YOUR HOME FINANCIAL LLC | 4 | $0.5M | $128K | 75.0% |
| Fifth Third Bank, National Association | 4 | $0.5M | $128K | 75.0% |
| KeyBank National Association | 4 | $0.3M | $85K | 100.0% |
| AMERITRUST MORTGAGE CORPORATION | 3 | $0.4M | $138K | 0.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 3 | $0.4M | $138K | 66.7% |
| AMERICAN HERITAGE LENDING, LLC | 3 | $0.4M | $122K | 33.3% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 2 | $0.3M | $165K | 50.0% |
| First Federal Savings of Lorain | 2 | $0.3M | $160K | 50.0% |
| DOMINION FINANCIAL SERVICES, LLC | 2 | $0.3M | $145K | 0.0% |
| Fairway Independent Mortgage Corporation | 2 | $0.3M | $125K | 50.0% |
| FREMONT Federal Credit Union | 2 | $0.2M | $120K | 0.0% |
| BPL MORTGAGE TRUST, LLC | 2 | $0.2M | $105K | 0.0% |
| CV3 FINANCIAL SERVICES, LLC | 2 | $0.2M | $95K | 50.0% |
| RUOFF MORTGAGE COMPANY, INC. | 2 | $0.2M | $95K | 100.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 2 | $0.2M | $85K | 0.0% |
| New Carlisle Federal Savings Bank | 1 | $1.2M | $1165K | 100.0% |
| Sutton Bank | 1 | $0.5M | $455K | 100.0% |
| K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. | 1 | $0.3M | $275K | 100.0% |
| Farm Credit Mid-America | 1 | $0.3M | $265K | 100.0% |
1,125 Ohio loans (5.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Erie County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Erie County CSV, all 25 lenders
What Erie County's table can't show you: fit. Short-term financing is exempt from HMDA, so Erie County's fix-and-flip and bridge lenders barely appear among its 47 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 Erie County, Ohio deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter an Erie County, Ohio 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 — Erie County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 47 lenders and 130 loans: 2025 HMDA loan-level data rolled up to Erie County.
- Erie County investor-lender dataset (CSV) — All 25 lenders in the Erie County, Ohio table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Erie 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 Erie County, OH HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Erie 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.