DSCR Loans in Essex County, Massachusetts
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, 180 lenders made 972 investment-property loans in Essex County, 9.8% of Massachusetts's total. Dominick Prevete arranges DSCR loans across Essex County, Massachusetts, 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 $530,000.
Essex County investor market at a glance
| Statistic | Essex County | Massachusetts | County rank |
|---|---|---|---|
| Investor loans | 972 | 9,959 | 4th of 11 |
| Reporting lenders | 180 | 432 | 4th of 11 |
| Loan volume | $547.6M | $6.16B | 4th of 11 |
| Average loan | $563K | $618K | 5th of 11 |
| Median loan | $505K | $465K | 3rd of 11 |
| Purchases | 57.2% | 60.2% | 9th of 11 |
| Cash-out refinances | 20.6% | 18.6% | 5th of 11 |
| 2–4 unit properties | 47.9% | 46.4% | 7th of 11 |
| Top five lenders' share | 20.6% | 17.2% | 9th of 11 |
| Reported business-purpose | 66.6% | 73.3% | 11th of 11 |
Essex County: closed-end loans on 1–4 unit investment properties. Essex County's rank is highest first, among Massachusetts's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Essex County's investor loans.
What stands out in Essex County
66.6% of Essex County's investor loans were reported as business-purpose, the lowest share of Massachusetts's 11 counties with published data (statewide: 73.3%).
Fewer investor loans here were reported as business-purpose than in most of Massachusetts. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
Essex County's 972 investor loans ranked 4th of Massachusetts's 11 counties with published data.
Does a DSCR loan pencil in Essex County?
At HUD's fair market rent of $3,584 for a 3-bedroom in Essex County, Massachusetts, a rental covers its full DSCR payment up to a purchase price of about $530,000, with 20% down at the 7.25% starting rate (November 2026). Essex County's median home value is $619,100; at that price the payment is $4,172 a month, so the property would need $4,175 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) | $3,008 / $3,584 / $3,953 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $619,100 |
| Median property taxes and effective rate | $6,430 (1.04% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $4,172 |
| Rent needed to cover that payment | $4,175 |
| Coverage of a 3-bedroom at fair market rent | 0.86 |
| Highest price a 3-bedroom at fair market rent covers | about $530,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $890,000 |
| HUD area | Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area |
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 Essex County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Essex County?
The most active investment-property lenders in Essex County in 2025 HMDA data were CROSSCOUNTRY MORTGAGE, INC.; Cape Ann Savings Bank; and GUARANTEED RATE, INC., out of 180 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 Essex County, and matches each file to the one most likely to fund it.
Essex County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 972 loans and $547.6M from 180 lenders. CROSSCOUNTRY MORTGAGE, INC. led Essex County with 55 loans, 5.7% of the county's total, and the average Essex County loan of $563K compares with $618K across Massachusetts.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| CROSSCOUNTRY MORTGAGE, INC. | 55 | $30.3M | $552K | 65.5% |
| Cape Ann Savings Bank | 41 | $23.3M | $567K | 43.9% |
| GUARANTEED RATE, INC. | 39 | $17.9M | $458K | 51.3% |
| Leader Bank, National Association | 36 | $18.8M | $523K | 72.2% |
| Salem Five Cents Savings Bank | 29 | $16.8M | $579K | 58.6% |
| Rocket Mortgage, LLC | 29 | $11.2M | $386K | 41.4% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 27 | $16.0M | $591K | 74.1% |
| Workers Federal Credit Union | 22 | $13.7M | $624K | 36.4% |
| Rockland Trust Company | 21 | $13.0M | $621K | 85.7% |
| Kiavi Funding, Inc. | 21 | $11.6M | $552K | 95.2% |
| Newburyport Five Cents Savings Bank | 20 | $17.7M | $887K | 85.0% |
| HOMEXPRESS MORTGAGE CORP. | 19 | $11.7M | $616K | 31.6% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 19 | $10.4M | $548K | 42.1% |
| BankGloucester | 17 | $12.4M | $730K | 64.7% |
| The Lowell Five Cent Savings Bank | 16 | $10.3M | $643K | 56.2% |
| Hometown Equity Mortgage, LLC | 16 | $8.6M | $535K | 56.2% |
| Enterprise Bank and Trust Company | 15 | $13.5M | $902K | 80.0% |
| Marblehead Bank | 15 | $9.6M | $641K | 60.0% |
| SALEM FIVE MORTGAGE COMPANY, LLC | 15 | $5.7M | $378K | 86.7% |
| MSA MORTGAGE, LLC | 13 | $7.3M | $564K | 53.8% |
| Haverhill Bank | 12 | $7.4M | $614K | 50.0% |
| A&D Mortgage LLC | 12 | $6.8M | $563K | 58.3% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 11 | $6.7M | $611K | 36.4% |
| LENDSURE MORTGAGE CORP. | 11 | $6.2M | $568K | 18.2% |
| OCMBC, INC. | 11 | $5.3M | $484K | 45.5% |
211 Massachusetts loans (2.1%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Essex County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Essex County CSV, all 25 lenders
What Essex County's table can't show you: fit. Short-term financing is exempt from HMDA, so Essex County's fix-and-flip and bridge lenders barely appear among its 180 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 Essex County, Massachusetts deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter an Essex County, Massachusetts 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 — Essex County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 180 lenders and 972 loans: 2025 HMDA loan-level data rolled up to Essex County.
- Essex County investor-lender dataset (CSV) — All 25 lenders in the Essex County, Massachusetts table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Essex 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 Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Essex 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.