DSCR Loans in Island County, Washington
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 48 lenders made 116 investment-property loans in Island County, 1.2% of Washington's total. Dominick Prevete arranges DSCR loans across Island County, Washington, 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 $385,000.
Island County investor market at a glance
| Statistic | Island County | Washington | County rank |
|---|---|---|---|
| Investor loans | 116 | 9,950 | 14th of 17 |
| Reporting lenders | 48 | 382 | 17th of 17 |
| Loan volume | $45.9M | $4.66B | 14th of 17 |
| Average loan | $396K | $468K | 6th of 17 |
| Median loan | $375K | $395K | 5th of 17 |
| Purchases | 58.6% | 53.8% | 6th of 17 |
| Cash-out refinances | 14.7% | 18.8% | 15th of 17 |
| 2–4 unit properties | 3.4% | 13.9% | 17th of 17 |
| Top five lenders' share | 35.3% | 20.1% | 4th of 17 |
| Reported business-purpose | 80.2% | 74.8% | 1st of 17 |
Island County: closed-end loans on 1–4 unit investment properties. Island County's rank is highest first, among Washington's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Island County's investor loans.
What stands out in Island County
By share of investor loans reported as business-purpose, Island County ranks highest of Washington's 17 counties with published data (statewide: 74.8%).
80.2% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
3.4% of Island County's investor loans financed a 2–4 unit property, the lowest share of Washington's 17 counties with published data (statewide: 13.9%).
Single-family rentals dominate here. A DSCR loan qualifies a single-family rental on its market rent, not your income.
14.7% of Island County's investor loans were cash-out refinances, the 3rd-lowest share of Washington's 17 counties with published data (statewide: 18.8%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
Does a DSCR loan pencil in Island County?
At HUD's fair market rent of $2,501 for a 3-bedroom in Island County, Washington, a rental covers its full DSCR payment up to a purchase price of about $385,000, with 20% down at the 7.25% starting rate (November 2026). Island County's median home value is $593,300; at that price the payment is $3,818 a month, so the property would need $3,825 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) | $1,824 / $2,501 / $2,987 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $593,300 |
| Median property taxes and effective rate | $3,999 (0.67% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $3,818 |
| Rent needed to cover that payment | $3,825 |
| Coverage of a 3-bedroom at fair market rent | 0.65 |
| Highest price a 3-bedroom at fair market rent covers | about $385,000 |
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 Island County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Island County?
The most active investment-property lenders in Island County in 2025 HMDA data were Eastside Funding LLC; Peoples Bank; and Rocket Mortgage, LLC, out of 48 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 Island County, and matches each file to the one most likely to fund it.
Island County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 116 loans and $45.9M from 48 lenders. Eastside Funding LLC led Island County with 13 loans, 11.2% of the county's total, and the average Island County loan of $396K compares with $468K across Washington.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Eastside Funding LLC | 13 | $3.6M | $274K | 69.2% |
| Peoples Bank | 11 | $3.3M | $300K | 27.3% |
| Rocket Mortgage, LLC | 7 | $3.2M | $451K | 42.9% |
| KIND LENDING, LLC | 5 | $1.9M | $373K | 20.0% |
| GUILD MORTGAGE COMPANY | 5 | $1.7M | $335K | 80.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 4 | $2.3M | $578K | 25.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 4 | $1.6M | $398K | 75.0% |
| MERCHANTS MORTGAGE & TRUST CORPORATION, LLC | 4 | $1.5M | $375K | 75.0% |
| Citadel Servicing Corporation | 4 | $1.0M | $248K | 25.0% |
| OriginPoint, LLC | 3 | $1.7M | $565K | 100.0% |
| SAMMAMISH MORTGAGE COMPANY | 3 | $1.7M | $562K | 66.7% |
| MOVEMENT MORTGAGE, LLC | 3 | $1.6M | $535K | 100.0% |
| Boeing Employees Credit Union | 3 | $1.2M | $405K | 100.0% |
| AMERICAN HERITAGE LENDING, LLC | 3 | $1.1M | $352K | 0.0% |
| PENNYMAC LOAN SERVICES, LLC | 2 | $1.4M | $710K | 50.0% |
| U.S. Bank National Association | 2 | $1.4M | $700K | 50.0% |
| Kiavi Funding, Inc. | 2 | $1.0M | $510K | 100.0% |
| Loandepot.Com, LLC | 2 | $0.9M | $470K | 100.0% |
| Global Federal Credit Union | 2 | $0.8M | $385K | 100.0% |
| OCMBC, INC. | 2 | $0.7M | $355K | 0.0% |
| CMG MORTGAGE, INC. | 2 | $0.7M | $340K | 100.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 2 | $0.5M | $270K | 50.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 2 | $0.5M | $225K | 0.0% |
| Navy Federal Credit Union | 2 | $0.3M | $165K | 50.0% |
| NBKC BANK | 1 | $0.8M | $795K | 100.0% |
505 Washington loans (5.1%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Island County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Island County CSV, all 25 lenders
What Island County's table can't show you: fit. Short-term financing is exempt from HMDA, so Island County's fix-and-flip and bridge lenders barely appear among its 48 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 Island County, Washington deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter an Island County, Washington 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 — Island County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 48 lenders and 116 loans: 2025 HMDA loan-level data rolled up to Island County.
- Island County investor-lender dataset (CSV) — All 25 lenders in the Island County, Washington table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Island 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 Island County, WA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Island 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.