DSCR Loans in Howard County, Indiana
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 69 lenders made 184 investment-property loans in Howard County, 1.7% of Indiana's total. Dominick Prevete arranges DSCR loans across Howard County, Indiana, 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 $215,000.
Howard County investor market at a glance
| Statistic | Howard County | Indiana | County rank |
|---|---|---|---|
| Investor loans | 184 | 10,971 | 15th of 21 |
| Reporting lenders | 69 | 497 | 13th of 21 |
| Loan volume | $22.9M | $2.81B | 21st of 21 |
| Average loan | $125K | $256K | 18th of 21 |
| Median loan | $105K | $145K | 18th of 21 |
| Purchases | 52.2% | 56.9% | 16th of 21 |
| Cash-out refinances | 23.4% | 19.4% | 4th of 21 |
| 2–4 unit properties | 10.9% | 16.6% | 15th of 21 |
| Top five lenders' share | 34.2% | 20.0% | 14th of 21 |
| Reported business-purpose | 74.5% | 71.5% | 8th of 21 |
Howard County: closed-end loans on 1–4 unit investment properties. Howard County's rank is highest first, among Indiana's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Howard County's investor loans.
What stands out in Howard County
The median investor loan in Howard County was $105K, the 3rd-lowest median of Indiana's 21 counties with published data (statewide: $145K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
23.4% of Howard County's investor loans were cash-out refinances, the 4th-highest share of Indiana's 21 counties with published data (statewide: 19.4%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
Does a DSCR loan pencil in Howard County?
At HUD's fair market rent of $1,420 for a 3-bedroom in Howard County, Indiana, a rental covers its full DSCR payment up to a purchase price of about $215,000, with 20% down at the 7.25% starting rate (November 2026). Howard County's median home value is $165,000; at that price the payment is $1,068 a month, so the property would need $1,075 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) | $1,179 / $1,420 / $1,636 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $165,000 |
| Median property taxes and effective rate | $1,189 (0.72% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,068 |
| Rent needed to cover that payment | $1,075 |
| Coverage of a 3-bedroom at fair market rent | 1.33 |
| Highest price a 3-bedroom at fair market rent covers | about $215,000 |
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 Howard County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Howard County?
The most active investment-property lenders in Howard County in 2025 HMDA data were Community First Bank of Indiana; UNITED SHORE FINANCIAL SERVICES, LLC; and First Farmers Bank & Trust Co., out of 69 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 several that reported in Howard County, and matches each file to the one most likely to fund it.
Howard County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 184 loans and $22.9M from 69 lenders. Community First Bank of Indiana led Howard County with 26 loans, 14.1% of the county's total, and the average Howard County loan of $125K compares with $256K across Indiana.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Community First Bank of Indiana | 26 | $4.1M | $156K | 46.2% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 12 | $0.9M | $76K | 58.3% |
| First Farmers Bank & Trust Co. | 9 | $1.0M | $107K | 44.4% |
| RUOFF MORTGAGE COMPANY, INC. | 8 | $0.7M | $88K | 50.0% |
| PLAZA HOME MORTGAGE, INC. | 8 | $0.7M | $83K | 87.5% |
| AMERICAN HERITAGE LENDING, LLC | 7 | $0.8M | $116K | 42.9% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | 6 | $1.3M | $220K | 100.0% |
| HOMEXPRESS MORTGAGE CORP. | 6 | $0.9M | $145K | 0.0% |
| BPL MORTGAGE TRUST, LLC | 6 | $0.6M | $103K | 50.0% |
| A&D Mortgage LLC | 5 | $0.7M | $131K | 0.0% |
| GENEVA FINANCIAL, LLC | 4 | $0.6M | $148K | 100.0% |
| LIMA ONE CAPITAL, LLC | 4 | $0.5M | $115K | 100.0% |
| AMERICAN FINANCIAL NETWORK, INC. | 4 | $0.4M | $105K | 0.0% |
| Kiavi Funding, Inc. | 3 | $0.4M | $145K | 66.7% |
| CHAMPIONS FUNDING, LLC | 3 | $0.4M | $138K | 33.3% |
| SOLIDARITY COMMUNITY Federal Credit Union | 3 | $0.4M | $122K | 100.0% |
| NEXERA HOLDING LLC | 3 | $0.3M | $112K | 66.7% |
| The Fountain Trust Company | 3 | $0.3M | $102K | 66.7% |
| KeyBank National Association | 3 | $0.2M | $78K | 0.0% |
| CV3 FINANCIAL SERVICES, LLC | 2 | $0.3M | $140K | 50.0% |
| RPE Home, Inc | 2 | $0.3M | $140K | 0.0% |
| AMWEST FUNDING CORP. | 2 | $0.3M | $130K | 100.0% |
| DEEPHAVEN MORTGAGE LLC | 2 | $0.3M | $125K | 50.0% |
| MJW FINANCIAL LLC | 2 | $0.2M | $110K | 50.0% |
| Luminate Bank | 2 | $0.2M | $95K | 50.0% |
387 Indiana loans (3.5%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Howard County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Howard County CSV, all 25 lenders
What Howard County's table can't show you: fit. Short-term financing is exempt from HMDA, so Howard County's fix-and-flip and bridge lenders barely appear among its 69 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 several 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 Howard County, Indiana deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Howard County, Indiana 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 — Howard County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 69 lenders and 184 loans: 2025 HMDA loan-level data rolled up to Howard County.
- Howard County investor-lender dataset (CSV) — All 25 lenders in the Howard County, Indiana table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Howard 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 Kokomo, IN MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Howard 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.