DSCR Loans in Iredell County, North Carolina
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, 119 lenders made 369 investment-property loans in Iredell County, 1.7% of North Carolina's total. Dominick Prevete arranges DSCR loans across Iredell County, North Carolina, 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 $295,000.
Iredell County investor market at a glance
| Statistic | Iredell County | North Carolina | County rank |
|---|---|---|---|
| Investor loans | 369 | 21,470 | 19th of 42 |
| Reporting lenders | 119 | 601 | 13th of 42 |
| Loan volume | $112.9M | $5.97B | 15th of 42 |
| Average loan | $306K | $278K | 15th of 42 |
| Median loan | $225K | $225K | 19th of 42 |
| Purchases | 62.6% | 64.5% | 25th of 42 |
| Cash-out refinances | 20.1% | 15.7% | 11th of 42 |
| 2–4 unit properties | 5.1% | 6.3% | 27th of 42 |
| Top five lenders' share | 28.5% | 23.4% | 33rd of 42 |
| Reported business-purpose | 71.8% | 70.9% | 27th of 42 |
Iredell County: closed-end loans on 1–4 unit investment properties. Iredell County's rank is highest first, among North Carolina's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Iredell County's investor loans.
What stands out in Iredell County
The five most active lenders wrote 28.5% of Iredell County's investor loans, the 9th-lowest share of North Carolina's 42 counties with published data (statewide: 23.4%).
Lending here is spread across many lenders; the best fit depends on the deal more than the lender's size.
Iredell County's 369 investor loans ranked 19th of North Carolina's 42 counties with published data.
Does a DSCR loan pencil in Iredell County?
At HUD's fair market rent of $1,897 for a 3-bedroom in Iredell County, North Carolina, a rental covers its full DSCR payment up to a purchase price of about $295,000, with 20% down at the 7.25% starting rate (November 2026). Iredell County's median home value is $321,400; at that price the payment is $2,051 a month, so the property would need $2,075 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) | $1,429 / $1,897 / $2,389 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $321,400 |
| Median property taxes and effective rate | $1,952 (0.61% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,051 |
| Rent needed to cover that payment | $2,075 |
| Coverage of a 3-bedroom at fair market rent | 0.93 |
| Highest price a 3-bedroom at fair market rent covers | about $295,000 |
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 Iredell County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Iredell County?
The most active investment-property lenders in Iredell County in 2025 HMDA data were Kiavi Funding, Inc.; UNITED SHORE FINANCIAL SERVICES, LLC; and LENNAR MORTGAGE, LLC, out of 119 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 one that reported in Iredell County, and matches each file to the one most likely to fund it.
Iredell County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 369 loans and $112.9M from 119 lenders. Kiavi Funding, Inc. led Iredell County with 25 loans, 6.8% of the county's total, and the average Iredell County loan of $306K compares with $278K across North Carolina.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 25 | $5.4M | $214K | 80.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 22 | $8.0M | $362K | 54.5% |
| LENNAR MORTGAGE, LLC | 21 | $4.9M | $235K | 100.0% |
| MOVEMENT MORTGAGE, LLC | 20 | $6.7M | $337K | 70.0% |
| STATE EMPLOYEES' | 17 | $3.0M | $175K | 52.9% |
| DHI MORTGAGE COMPANY, LTD. | 14 | $3.5M | $252K | 100.0% |
| Rocket Mortgage, LLC | 11 | $2.6M | $239K | 45.5% |
| BlueHarbor Bank | 8 | $4.3M | $533K | 75.0% |
| DOMINION FINANCIAL SERVICES, LLC | 8 | $2.9M | $356K | 62.5% |
| Peoples Bank | 7 | $2.7M | $389K | 57.1% |
| NFM, INC. | 7 | $1.6M | $231K | 85.7% |
| Atlantic Coast Mortgage, LLC | 6 | $1.2M | $195K | 66.7% |
| HOMEXPRESS MORTGAGE CORP. | 5 | $3.2M | $637K | 60.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 5 | $2.0M | $409K | 60.0% |
| Loandepot.Com, LLC | 5 | $1.9M | $385K | 100.0% |
| DEEPHAVEN MORTGAGE LLC | 5 | $1.0M | $199K | 20.0% |
| OCMBC, INC. | 4 | $2.8M | $705K | 100.0% |
| Fairway Independent Mortgage Corporation | 4 | $2.3M | $578K | 100.0% |
| Citadel Servicing Corporation | 4 | $2.2M | $540K | 50.0% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 4 | $2.2M | $540K | 75.0% |
| JPMorgan Chase Bank, National Association | 4 | $1.8M | $448K | 25.0% |
| THE LOAN STORE, INC. | 4 | $1.7M | $430K | 25.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 4 | $1.2M | $300K | 75.0% |
| BPL MORTGAGE TRUST, LLC | 4 | $1.1M | $273K | 0.0% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 4 | $1.1M | $265K | 50.0% |
846 North Carolina loans (3.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Iredell County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Iredell County CSV, all 25 lenders
What Iredell County's table can't show you: fit. Short-term financing is exempt from HMDA, so Iredell County's fix-and-flip and bridge lenders barely appear among its 119 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 Iredell County, North Carolina deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter an Iredell County, North Carolina 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 — Iredell County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 119 lenders and 369 loans: 2025 HMDA loan-level data rolled up to Iredell County.
- Iredell County investor-lender dataset (CSV) — All 25 lenders in the Iredell County, North Carolina table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Iredell 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 Iredell County, NC HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Iredell 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.