DSCR Loans in Johnson County, Indiana
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 78 lenders made 232 investment-property loans in Johnson County, 2.1% of Indiana's total. Dominick Prevete arranges DSCR loans across Johnson County, Indiana, 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 $305,000.
Johnson County investor market at a glance
| Statistic | Johnson County | Indiana | County rank |
|---|---|---|---|
| Investor loans | 232 | 10,971 | 11th of 21 |
| Reporting lenders | 78 | 497 | 9th of 21 |
| Loan volume | $49.4M | $2.81B | 10th of 21 |
| Average loan | $213K | $256K | 8th of 21 |
| Median loan | $205K | $145K | 4th of 21 |
| Purchases | 69.4% | 56.9% | 6th of 21 |
| Cash-out refinances | 11.6% | 19.4% | 18th of 21 |
| 2–4 unit properties | 3.0% | 16.6% | 20th of 21 |
| Top five lenders' share | 38.4% | 20.0% | 11th of 21 |
| Reported business-purpose | 55.2% | 71.5% | 16th of 21 |
Johnson County: closed-end loans on 1–4 unit investment properties. Johnson County's rank is highest first, among Indiana's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Johnson County's investor loans.
What stands out in Johnson County
3.0% of Johnson County's investor loans financed a 2–4 unit property, the 2nd-lowest share of Indiana's 21 counties with published data (statewide: 16.6%).
Single-family rentals dominate here. A DSCR loan qualifies a single-family rental on its market rent, not your income.
The median investor loan in Johnson County was $205K, the 4th-highest median of Indiana's 21 counties with published data (statewide: $145K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
11.6% of Johnson County's investor loans were cash-out refinances, the 4th-lowest share of Indiana's 21 counties with published data (statewide: 19.4%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
Does a DSCR loan pencil in Johnson County?
At HUD's fair market rent of $1,991 for a 3-bedroom in Johnson County, Indiana, a rental covers its full DSCR payment up to a purchase price of about $305,000, with 20% down at the 7.25% starting rate (November 2026). Johnson County's median home value is $284,600; at that price the payment is $1,840 a month, so the property would need $1,850 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) | $1,536 / $1,991 / $2,425 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $284,600 |
| Median property taxes and effective rate | $2,024 (0.71% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,840 |
| Rent needed to cover that payment | $1,850 |
| Coverage of a 3-bedroom at fair market rent | 1.08 |
| Highest price a 3-bedroom at fair market rent covers | about $305,000 |
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 Johnson County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Johnson County?
The most active investment-property lenders in Johnson County in 2025 HMDA data were LENNAR MORTGAGE, LLC; MM LENDING, LLC; and UNITED SHORE FINANCIAL SERVICES, LLC, out of 78 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 Johnson County, and matches each file to the one most likely to fund it.
Johnson County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 232 loans and $49.4M from 78 lenders. LENNAR MORTGAGE, LLC led Johnson County with 42 loans, 18.1% of the county's total, and the average Johnson County loan of $213K compares with $256K across Indiana.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| LENNAR MORTGAGE, LLC | 42 | $11.1M | $265K | 100.0% |
| MM LENDING, LLC | 17 | $3.7M | $217K | 0.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 13 | $2.3M | $175K | 61.5% |
| GVC MORTGAGE, INC. | 9 | $1.5M | $165K | 77.8% |
| Kiavi Funding, Inc. | 8 | $1.3M | $165K | 87.5% |
| Fairway Independent Mortgage Corporation | 7 | $1.4M | $195K | 85.7% |
| Union Savings Bank | 7 | $1.1M | $158K | 85.7% |
| PENNYMAC LOAN SERVICES, LLC | 6 | $1.6M | $260K | 50.0% |
| THE LOAN STORE, INC. | 5 | $1.2M | $245K | 0.0% |
| Rocket Mortgage, LLC | 5 | $0.8M | $163K | 80.0% |
| UNION HOME MORTGAGE CORP. | 4 | $1.0M | $245K | 100.0% |
| JPMorgan Chase Bank, National Association | 4 | $0.8M | $213K | 75.0% |
| Jackson County Bank | 3 | $1.2M | $415K | 100.0% |
| Citizens Bank | 3 | $0.8M | $278K | 0.0% |
| Mutual Savings Bank | 3 | $0.8M | $258K | 100.0% |
| CMG MORTGAGE, INC. | 3 | $0.7M | $218K | 66.7% |
| RUOFF MORTGAGE COMPANY, INC. | 3 | $0.6M | $212K | 100.0% |
| The Huntington National Bank | 3 | $0.5M | $165K | 100.0% |
| U.S. Bank National Association | 3 | $0.5M | $152K | 0.0% |
| MJW FINANCIAL LLC | 3 | $0.4M | $142K | 33.3% |
| CROSSCOUNTRY MORTGAGE, INC. | 3 | $0.4M | $138K | 66.7% |
| CRANE | 3 | $0.3M | $102K | 0.0% |
| 21st Mortgage Corporation | 3 | $0.3M | $88K | 100.0% |
| DEVELOPER'S MORTGAGE COMPANY | 2 | $0.8M | $375K | 100.0% |
| Civista Bank | 2 | $0.6M | $305K | 100.0% |
387 Indiana loans (3.5%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Johnson County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Johnson County CSV, all 25 lenders
What Johnson County's table can't show you: fit. Short-term financing is exempt from HMDA, so Johnson County's fix-and-flip and bridge lenders barely appear among its 78 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 Johnson County, Indiana deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Johnson County, 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 — Johnson County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 78 lenders and 232 loans: 2025 HMDA loan-level data rolled up to Johnson County.
- Johnson County investor-lender dataset (CSV) — All 25 lenders in the Johnson County, Indiana table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Johnson 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 Indianapolis-Carmel, IN HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Johnson 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.