DSCR Loans in Ingham County, Michigan
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 79 lenders made 341 investment-property loans in Ingham County, 2.8% of Michigan's total. Dominick Prevete arranges DSCR loans across Ingham 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 $225,000.
Ingham County investor market at a glance
| Statistic | Ingham County | Michigan | County rank |
|---|---|---|---|
| Investor loans | 341 | 12,400 | 7th of 16 |
| Reporting lenders | 79 | 428 | 6th of 16 |
| Loan volume | $46.7M | $4.90B | 8th of 16 |
| Average loan | $137K | $395K | 13th of 16 |
| Median loan | $105K | $135K | 13th of 16 |
| Purchases | 60.7% | 56.1% | 8th of 16 |
| Cash-out refinances | 26.7% | 23.9% | 3rd of 16 |
| 2–4 unit properties | 23.8% | 15.4% | 7th of 16 |
| Top five lenders' share | 38.4% | 40.3% | 12th of 16 |
| Reported business-purpose | 72.4% | 76.2% | 6th of 16 |
Ingham County: closed-end loans on 1–4 unit investment properties. Ingham County's rank is highest first, among Michigan's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Ingham County's investor loans.
What stands out in Ingham County
26.7% of Ingham County's investor loans were cash-out refinances, the 3rd-highest share of Michigan's 16 counties with published data (statewide: 23.9%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
The median investor loan in Ingham County was $105K, the 3rd-lowest median of Michigan's 16 counties with published data (statewide: $135K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
Does a DSCR loan pencil in Ingham County?
At HUD's fair market rent of $1,685 for a 3-bedroom in Ingham County, Michigan, a rental covers its full DSCR payment up to a purchase price of about $225,000, with 20% down at the 7.25% starting rate (November 2026). Ingham County's median home value is $198,800; at that price the payment is $1,471 a month, so the property would need $1,475 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) | $1,323 / $1,685 / $1,739 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $198,800 |
| Median property taxes and effective rate | $3,640 (1.83% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,471 |
| Rent needed to cover that payment | $1,475 |
| Coverage of a 3-bedroom at fair market rent | 1.15 |
| Highest price a 3-bedroom at fair market rent covers | about $225,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $355,000 |
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 Ingham County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Ingham County?
The most active investment-property lenders in Ingham County in 2025 HMDA data were UNITED SHORE FINANCIAL SERVICES, LLC; The Dart Bank; and MICHIGAN STATE UNIVERSITY Federal Credit Union, out of 79 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 Ingham County, and matches each file to the one most likely to fund it.
Ingham County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 341 loans and $46.7M from 79 lenders. UNITED SHORE FINANCIAL SERVICES, LLC led Ingham County with 39 loans, 11.4% of the county's total, and the average Ingham County loan of $137K compares with $395K across Michigan.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| UNITED SHORE FINANCIAL SERVICES, LLC | 39 | $4.2M | $107K | 66.7% |
| The Dart Bank | 35 | $4.3M | $124K | 80.0% |
| MICHIGAN STATE UNIVERSITY Federal Credit Union | 28 | $3.4M | $120K | 71.4% |
| BPL MORTGAGE TRUST, LLC | 15 | $1.6M | $104K | 26.7% |
| UNION HOME MORTGAGE CORP. | 14 | $1.6M | $115K | 85.7% |
| CASE Credit Union | 13 | $3.9M | $302K | 0.0% |
| Rocket Mortgage, LLC | 13 | $1.9M | $144K | 46.2% |
| Flagstar Bank, N.A. | 13 | $1.7M | $128K | 92.3% |
| DOMINION FINANCIAL SERVICES, LLC | 12 | $1.6M | $130K | 16.7% |
| CV3 FINANCIAL SERVICES, LLC | 10 | $1.0M | $104K | 70.0% |
| Kiavi Funding, Inc. | 8 | $1.2M | $148K | 37.5% |
| Loan Funder LLC | 7 | $1.7M | $241K | 28.6% |
| LAFCU Credit Union | 7 | $1.3M | $185K | 71.4% |
| HOMEXPRESS MORTGAGE CORP. | 6 | $1.0M | $162K | 0.0% |
| The Huntington National Bank | 6 | $0.8M | $130K | 100.0% |
| Northpointe Bank | 6 | $0.7M | $108K | 66.7% |
| THE LOAN STORE, INC. | 6 | $0.6M | $102K | 100.0% |
| NEWREZ LLC | 5 | $0.7M | $131K | 0.0% |
| Adventure Credit Union | 4 | $0.1M | $35K | 0.0% |
| DEEPHAVEN MORTGAGE LLC | 3 | $0.4M | $135K | 66.7% |
| Loandepot.Com, LLC | 3 | $0.4M | $125K | 66.7% |
| OCMBC, INC. | 3 | $0.4M | $118K | 66.7% |
| Comerica Bank | 3 | $0.4M | $118K | 0.0% |
| A&D Mortgage LLC | 3 | $0.3M | $115K | 33.3% |
| Synergy One Lending, Inc. | 3 | $0.3M | $108K | 100.0% |
763 Michigan loans (6.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Ingham County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Ingham County CSV, all 25 lenders
What Ingham County's table can't show you: fit. Short-term financing is exempt from HMDA, so Ingham County's fix-and-flip and bridge lenders barely appear among its 79 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 Ingham County, Michigan deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter an Ingham 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 — Ingham County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 79 lenders and 341 loans: 2025 HMDA loan-level data rolled up to Ingham County.
- Ingham County investor-lender dataset (CSV) — All 25 lenders in the Ingham County, Michigan table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Ingham 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 Lansing-East Lansing, MI MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Ingham 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.