DSCR Loans in Illinois
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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Dominick Prevete arranges DSCR loans across Illinois, qualified on the property's rent, not your tax returns. DSCR rental loans start from 7.125% (October 2026), and most close in 14 days. In 2025 HMDA data, 610 lenders made 19,010 investment-property loans in Illinois; the most active are in the table below.
Illinois investor market at a glance
| Statistic | Illinois | 26 states | State rank |
|---|---|---|---|
| Investor loans | 19,010 | 461,927 | 9th of 26 |
| Reporting lenders | 610 | 3,509 | 5th of 26 |
| Loan volume | $5.59B | $163.80B | 8th of 26 |
| Average loan | $294K | $355K | 11th of 26 |
| Median loan | $175K | — | 18th of 26 |
| Purchases | 61.9% | 58.8% | 6th of 26 |
| Cash-out refinances | 18.5% | 19.8% | 15th of 26 |
| 2–4 unit properties | 22.4% | 16.5% | 7th of 26 |
| Top five lenders' share | 20.7% | 22.1% | 15th of 26 |
| Reported business-purpose | 68.0% | 72.6% | 20th of 26 |
Illinois: closed-end loans on 1–4 unit investment properties. Rank is highest first among the 26 states with published data. The 26-state figures are totals for loans and volume, distinct filers for lenders, and loan-weighted averages for every share; a median does not combine across states.
What stands out in Illinois
61.9% of Illinois's investor loans were purchases, ranking 6th highest of the 26 states with published data (26-state figure: 58.8%).
Most investor loans here are purchases. A DSCR purchase qualifies on the property's rent, so you can get written terms before you make an offer with the Instant Term Sheet.
22.4% of Illinois's investor loans financed a 2–4 unit property, ranking 7th highest of the 26 states with published data (26-state figure: 16.5%).
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.
Who are the DSCR and investment-property lenders in Illinois?
The most active investment-property lenders in Illinois in 2025 HMDA data were UNITED SHORE FINANCIAL SERVICES, LLC; Loan Funder LLC; and THE LOAN STORE, INC., out of 610 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 Illinois, and matches each file to the one most likely to fund it.
Every year, lenders report their originations under the Home Mortgage Disclosure Act. We filtered Illinois's 2025 filings to closed-end loans on 1–4 unit investment properties: 19,010 loans totaling $5.59B across 610 lenders. These were the most active.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| UNITED SHORE FINANCIAL SERVICES, LLC | 1,114 | $196.4M | $176K | 61.9% |
| Loan Funder LLC | 1,106 | $272.8M | $247K | 52.4% |
| THE LOAN STORE, INC. | 770 | $181.1M | $235K | 67.0% |
| GUARANTEED RATE, INC. | 477 | $136.1M | $285K | 71.5% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 473 | $158.3M | $335K | 62.4% |
| Kiavi Funding, Inc. | 463 | $103.1M | $223K | 67.4% |
| BPL MORTGAGE TRUST, LLC | 447 | $76.2M | $171K | 46.8% |
| CROSSCOUNTRY MORTGAGE, INC. | 350 | $92.6M | $265K | 72.9% |
| Rocket Mortgage, LLC | 323 | $60.4M | $187K | 51.1% |
| JPMorgan Chase Bank, National Association | 303 | $83.2M | $275K | 59.1% |
| RCN Capital, LLC | 259 | $54.8M | $212K | 49.4% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 238 | $52.4M | $220K | 19.7% |
| GREENSTATE Credit Union | 217 | $38.6M | $178K | 72.8% |
| Fairway Independent Mortgage Corporation | 206 | $50.0M | $243K | 79.6% |
| INB, National Association | 190 | $19.2M | $101K | 51.1% |
| Bank of Springfield | 183 | $25.5M | $140K | 60.1% |
| First State Bank | 181 | $29.8M | $165K | 65.7% |
| Morton Community Bank | 179 | $22.3M | $125K | 81.0% |
| FCB Banks | 176 | $24.2M | $137K | 63.1% |
| LEI:254900CTT87ZKAUTIJ37 | 166 | $39.1M | $236K | 81.3% |
| Barrington Bank & Trust Company, National Association | 161 | $43.4M | $270K | 60.2% |
| Republic Bank of Chicago | 160 | $26.7M | $167K | 99.4% |
| HOMEXPRESS MORTGAGE CORP. | 158 | $39.7M | $251K | 25.9% |
| OCMBC, INC. | 156 | $44.0M | $282K | 52.6% |
| Alliance Community Bank | 155 | $18.6M | $120K | 92.9% |
Source: 2025 HMDA loan-level data (CFPB/FFIEC Data Browser), retrieved October 31, 2026. Updated annually. See how this data is built or download the full dataset (CSV) — all 610 reporting lenders with every underlying figure. Researching the market rather than financing a property? The Illinois lending data page covers this table on its own.
What this table can't show you: fit. HMDA exempts short-term financing, so fix-and-flip and bridge lenders barely appear here — and no federal dataset knows which lender's 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 Illinois deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Illinois 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 — Illinois's at-a-glance figures, its rank among the 26 states, its observations and the Quick Read's 610 lenders and 19,010 loans: 2025 HMDA loan-level data.
- Illinois investor-lender dataset (CSV) — Every Illinois lender behind the table above, with volume, average loan and purchase share for each.
- Illinois investor lending data, Dominick Prevete — The Illinois table on its own, with the state's concentration figures and the method behind them.
- DSCR loan rates, Dominick Prevete — DSCR rental loans start from 7.125%, as of October 2026: the Instant Term Sheet's best-case scenario on the current rate sheets.