DSCR Loans in Grand Traverse County, Michigan
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, 50 lenders made 104 investment-property loans in Grand Traverse County, 0.8% of Michigan's total. Dominick Prevete arranges DSCR loans across Grand Traverse County, Michigan, 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 $280,000.
See which lenders are most active in Grand Traverse County →
Grand Traverse County investor market at a glance
| Statistic | Grand Traverse County | Michigan | County rank |
|---|---|---|---|
| Investor loans | 104 | 12,400 | 16th of 16 |
| Reporting lenders | 50 | 428 | 14th of 16 |
| Loan volume | $39.3M | $4.90B | 10th of 16 |
| Average loan | $378K | $395K | 4th of 16 |
| Median loan | $280K | $135K | 1st of 16 |
| Purchases | 61.5% | 56.1% | 5th of 16 |
| Cash-out refinances | 15.4% | 23.9% | 16th of 16 |
| 2–4 unit properties | 8.7% | 15.4% | 14th of 16 |
| Top five lenders' share | 33.7% | 40.3% | 13th of 16 |
| Reported business-purpose | 54.8% | 76.2% | 16th of 16 |
Grand Traverse County: closed-end loans on 1–4 unit investment properties. Grand Traverse County's rank is highest first, among Michigan's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Grand Traverse County's investor loans.
What stands out in Grand Traverse County
54.8% of Grand Traverse County's investor loans were reported as business-purpose, the lowest share of Michigan's 16 counties with published data (statewide: 76.2%).
Fewer investor loans here were reported as business-purpose than in most of Michigan. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
The median investor loan in Grand Traverse County was $280K, the highest median of Michigan's 16 counties with published data (statewide: $135K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
15.4% of Grand Traverse County's investor loans were cash-out refinances, the lowest share of Michigan's 16 counties with published data (statewide: 23.9%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
Does a DSCR loan pencil in Grand Traverse County?
At HUD's fair market rent of $1,883 for a 3-bedroom in Grand Traverse County, Michigan, a rental covers its full DSCR payment up to a purchase price of about $280,000, with 20% down at the 7.25% starting rate (November 2026). Grand Traverse County's median home value is $339,400; at that price the payment is $2,244 a month, so the property would need $2,250 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) | $1,436 / $1,883 / $1,928 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $339,400 |
| Median property taxes and effective rate | $3,010 (0.89% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,244 |
| Rent needed to cover that payment | $2,250 |
| Coverage of a 3-bedroom at fair market rent | 0.84 |
| Highest price a 3-bedroom at fair market rent covers | about $280,000 |
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 Grand Traverse County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Grand Traverse County?
The most active investment-property lenders in Grand Traverse County in 2025 HMDA data were UNITED SHORE FINANCIAL SERVICES, LLC; The Huntington National Bank; and Honor Bank, out of 50 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.
Grand Traverse County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 104 loans and $39.3M from 50 lenders. UNITED SHORE FINANCIAL SERVICES, LLC led Grand Traverse County with 10 loans, 9.6% of the county's total, and the average Grand Traverse County loan of $378K compares with $395K across Michigan.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| UNITED SHORE FINANCIAL SERVICES, LLC | 10 | $3.7M | $368K | 50.0% |
| The Huntington National Bank | 7 | $2.3M | $325K | 85.7% |
| Honor Bank | 7 | $1.8M | $251K | 85.7% |
| 4Front Credit Union | 6 | $1.9M | $317K | 50.0% |
| LEI:254900UYC52VIJUZ5X82 | 5 | $1.3M | $269K | 40.0% |
| Genisys Credit Union | 4 | $5.0M | $1255K | 75.0% |
| State Savings Bank | 4 | $1.5M | $370K | 75.0% |
| Superior National Bank | 4 | $1.2M | $305K | 100.0% |
| LAKE MICHIGAN CREDIT UNION | 4 | $0.9M | $218K | 75.0% |
| Nicolet National Bank | 4 | $0.7M | $165K | 25.0% |
| GUARANTEED RATE, INC. | 3 | $1.7M | $562K | 0.0% |
| Independent Bank | 2 | $2.8M | $1385K | 0.0% |
| Rocket Mortgage, LLC | 2 | $0.8M | $380K | 50.0% |
| THE LOAN STORE, INC. | 2 | $0.7M | $355K | 50.0% |
| KELLOGG COMMUNITY CREDIT UNION | 2 | $0.7M | $330K | 100.0% |
| OAKTREE FUNDING CORP. | 2 | $0.7M | $325K | 100.0% |
| NEWREZ LLC | 2 | $0.6M | $305K | 100.0% |
| NORTHERN MORTGAGE SERVICES, LLC | 2 | $0.5M | $265K | 50.0% |
| Mercantile Bank | 1 | $0.9M | $895K | 100.0% |
| J. VIRGIL, INC. | 1 | $0.6M | $615K | 0.0% |
| Primis Mortgage Company | 1 | $0.6M | $555K | 100.0% |
| ONY GLO, INC. | 1 | $0.6M | $555K | 0.0% |
| Loandepot.Com, LLC | 1 | $0.5M | $455K | 100.0% |
| NexBank | 1 | $0.4M | $445K | 100.0% |
| MICHIGAN STATE UNIVERSITY Federal Credit Union | 1 | $0.4M | $435K | 0.0% |
763 Michigan loans (6.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Grand Traverse County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Grand Traverse County CSV, all 25 lenders
What Grand Traverse County's table can't show you: fit. Short-term financing is exempt from HMDA, so Grand Traverse County's fix-and-flip and bridge lenders barely appear among its 50 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 Grand Traverse County, Michigan deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Grand Traverse County, Michigan 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 — Grand Traverse County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 50 lenders and 104 loans: 2025 HMDA loan-level data rolled up to Grand Traverse County.
- Grand Traverse County investor-lender dataset (CSV) — All 25 lenders in the Grand Traverse County, Michigan table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Grand Traverse 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 Grand Traverse County, MI HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Grand Traverse 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.