DSCR Loans in Indiana
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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Dominick Prevete arranges DSCR loans across Indiana, 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, 497 lenders made 10,971 investment-property loans in Indiana; the most active are in the table below.
Indiana investor market at a glance
| Statistic | Indiana | 26 states | State rank |
|---|---|---|---|
| Investor loans | 10,971 | 461,927 | 16th of 26 |
| Reporting lenders | 497 | 3,509 | 15th of 26 |
| Loan volume | $2.81B | $163.80B | 19th of 26 |
| Average loan | $256K | $355K | 18th of 26 |
| Median loan | $145K | — | 20th of 26 |
| Purchases | 56.9% | 58.8% | 18th of 26 |
| Cash-out refinances | 19.4% | 19.8% | 12th of 26 |
| 2–4 unit properties | 16.6% | 16.5% | 9th of 26 |
| Top five lenders' share | 20.0% | 22.1% | 18th of 26 |
| Reported business-purpose | 71.5% | 72.6% | 12th of 26 |
Indiana: 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 Indiana
The average investor loan in Indiana was $256K, ranking 9th lowest of the 26 states with published data (26-state figure: $355K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
The five most active lenders wrote 20.0% of Indiana's investor loans, ranking 9th lowest of the 26 states with published data (26-state figure: 22.1%).
Lending here is spread across many lenders; the best fit depends on the deal more than the lender's size.
Who are the DSCR and investment-property lenders in Indiana?
The most active investment-property lenders in Indiana in 2025 HMDA data were Kiavi Funding, Inc.; UNITED SHORE FINANCIAL SERVICES, LLC; and MM LENDING, LLC, out of 497 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 Indiana, 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 Indiana's 2025 filings to closed-end loans on 1–4 unit investment properties: 10,971 loans totaling $2.81B across 497 lenders. These were the most active.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 861 | $146.9M | $171K | 70.8% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 522 | $75.3M | $144K | 52.1% |
| MM LENDING, LLC | 296 | $52.4M | $177K | 0.0% |
| RCN Capital, LLC | 262 | $42.6M | $163K | 33.2% |
| Loan Funder LLC | 258 | $45.2M | $175K | 43.4% |
| LENNAR MORTGAGE, LLC | 241 | $61.9M | $257K | 100.0% |
| CRANE | 223 | $42.5M | $191K | 0.4% |
| Rocket Mortgage, LLC | 223 | $35.6M | $160K | 52.9% |
| BPL MORTGAGE TRUST, LLC | 208 | $26.9M | $129K | 23.1% |
| RUOFF MORTGAGE COMPANY, INC. | 156 | $21.9M | $141K | 72.4% |
| Old National Bank | 149 | $23.3M | $157K | 53.0% |
| JPMorgan Chase Bank, National Association | 135 | $25.7M | $190K | 80.7% |
| AMERICAN HERITAGE LENDING, LLC | 125 | $16.7M | $134K | 61.6% |
| THE LOAN STORE, INC. | 123 | $24.2M | $197K | 49.6% |
| INDIANA UNIVERSITY CREDIT UNION | 120 | $23.6M | $196K | 12.5% |
| DEEPHAVEN MORTGAGE LLC | 118 | $17.8M | $151K | 44.1% |
| First Merchants Bank | 114 | $22.3M | $195K | 59.6% |
| LEI:254900CTT87ZKAUTIJ37 | 113 | $18.3M | $162K | 67.3% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 109 | $19.2M | $176K | 33.9% |
| Fairway Independent Mortgage Corporation | 109 | $16.9M | $155K | 75.2% |
| GUARANTEED RATE, INC. | 105 | $20.3M | $193K | 64.8% |
| OCMBC, INC. | 102 | $16.2M | $158K | 51.0% |
| LIMA ONE CAPITAL, LLC | 100 | $15.2M | $152K | 59.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 97 | $19.4M | $200K | 82.5% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 96 | $10.4M | $108K | 18.8% |
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 497 reporting lenders with every underlying figure. Researching the market rather than financing a property? The Indiana 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 Indiana deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a 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 — Indiana's at-a-glance figures, its rank among the 26 states, its observations and the Quick Read's 497 lenders and 10,971 loans: 2025 HMDA loan-level data.
- Indiana investor-lender dataset (CSV) — Every Indiana lender behind the table above, with volume, average loan and purchase share for each.
- Indiana investor lending data, Dominick Prevete — The Indiana 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.