DSCR Loans in Johnston 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, 96 lenders made 468 investment-property loans in Johnston County, 2.2% of North Carolina's total. Dominick Prevete arranges DSCR loans across Johnston 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 $325,000.
Johnston County investor market at a glance
| Statistic | Johnston County | North Carolina | County rank |
|---|---|---|---|
| Investor loans | 468 | 21,470 | 11th of 42 |
| Reporting lenders | 96 | 601 | 17th of 42 |
| Loan volume | $103.7M | $5.97B | 17th of 42 |
| Average loan | $222K | $278K | 23rd of 42 |
| Median loan | $205K | $225K | 22nd of 42 |
| Purchases | 78.6% | 64.5% | 1st of 42 |
| Cash-out refinances | 7.5% | 15.7% | 42nd of 42 |
| 2–4 unit properties | 4.1% | 6.3% | 30th of 42 |
| Top five lenders' share | 50.0% | 23.4% | 3rd of 42 |
| Reported business-purpose | 47.0% | 70.9% | 42nd of 42 |
Johnston County: closed-end loans on 1–4 unit investment properties. Johnston County's rank is highest first, among North Carolina's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Johnston County's investor loans.
What stands out in Johnston County
47.0% of Johnston County's investor loans were reported as business-purpose, the lowest share of North Carolina's 42 counties with published data (statewide: 70.9%).
Fewer investor loans here were reported as business-purpose than in most of North Carolina. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
78.6% of Johnston County's investor loans were purchases, the highest share of North Carolina's 42 counties with published data (statewide: 64.5%).
Most investor loans here are purchases. A DSCR purchase qualifies on the property's rent, so you can get written terms before you make an offer with the Instant Term Sheet.
7.5% of Johnston County's investor loans were cash-out refinances, the lowest share of North Carolina's 42 counties with published data (statewide: 15.7%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
Does a DSCR loan pencil in Johnston County?
At HUD's fair market rent of $2,103 for a 3-bedroom in Johnston County, North Carolina, a rental covers its full DSCR payment up to a purchase price of about $325,000, with 20% down at the 7.25% starting rate (November 2026). Johnston County's median home value is $305,600; at that price the payment is $1,954 a month, so the property would need $1,975 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) | $1,689 / $2,103 / $2,823 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $305,600 |
| Median property taxes and effective rate | $1,908 (0.62% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,954 |
| Rent needed to cover that payment | $1,975 |
| Coverage of a 3-bedroom at fair market rent | 1.08 |
| Highest price a 3-bedroom at fair market rent covers | about $325,000 |
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 Johnston County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Johnston County?
The most active investment-property lenders in Johnston County in 2025 HMDA data were LENNAR MORTGAGE, LLC; VANDERBILT MORTGAGE AND FINANCE, INC.; and STATE EMPLOYEES', out of 96 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 Johnston County, and matches each file to the one most likely to fund it.
Johnston County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 468 loans and $103.7M from 96 lenders. LENNAR MORTGAGE, LLC led Johnston County with 107 loans, 22.9% of the county's total, and the average Johnston County loan of $222K compares with $278K across North Carolina.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| LENNAR MORTGAGE, LLC | 107 | $22.4M | $209K | 100.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | 41 | $9.6M | $234K | 100.0% |
| STATE EMPLOYEES' | 32 | $7.1M | $222K | 75.0% |
| KS BANK, INC. | 29 | $7.7M | $266K | 82.8% |
| Kiavi Funding, Inc. | 25 | $5.0M | $198K | 76.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 24 | $5.2M | $218K | 58.3% |
| VELOCIO MORTGAGE L.L.C. | 14 | $3.0M | $215K | 100.0% |
| PENNYMAC LOAN SERVICES, LLC | 10 | $2.4M | $242K | 10.0% |
| NFM, INC. | 9 | $1.8M | $196K | 100.0% |
| DEEPHAVEN MORTGAGE LLC | 9 | $1.6M | $179K | 22.2% |
| THE LOAN STORE, INC. | 8 | $1.8M | $226K | 50.0% |
| Rocket Mortgage, LLC | 6 | $1.2M | $200K | 33.3% |
| CMG MORTGAGE, INC. | 5 | $1.1M | $229K | 60.0% |
| First National Bank of Pennsylvania | 5 | $1.1M | $227K | 80.0% |
| FIRST HOME MORTGAGE CORPORATION | 5 | $1.1M | $215K | 100.0% |
| City Lending Inc. | 5 | $0.9M | $187K | 100.0% |
| Hometown Equity Mortgage, LLC | 5 | $0.8M | $169K | 40.0% |
| Loan Funder LLC | 4 | $2.6M | $660K | 0.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 4 | $1.3M | $315K | 100.0% |
| Fairway Independent Mortgage Corporation | 4 | $1.0M | $258K | 100.0% |
| Wells Fargo Bank, National Association | 4 | $0.9M | $228K | 75.0% |
| North State Bank | 4 | $0.8M | $193K | 75.0% |
| CORNERSTONE CAPITAL BANK, SSB | 4 | $0.7M | $180K | 75.0% |
| GENWAY HOME MORTGAGE, INC. | 4 | $0.6M | $148K | 100.0% |
| American Security Mortgage Corp. | 3 | $0.7M | $245K | 100.0% |
846 North Carolina loans (3.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Johnston County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Johnston County CSV, all 25 lenders
What Johnston County's table can't show you: fit. Short-term financing is exempt from HMDA, so Johnston County's fix-and-flip and bridge lenders barely appear among its 96 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 Johnston County, North Carolina deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Johnston 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 — Johnston County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 96 lenders and 468 loans: 2025 HMDA loan-level data rolled up to Johnston County.
- Johnston County investor-lender dataset (CSV) — All 25 lenders in the Johnston County, North Carolina table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Johnston 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 Raleigh-Cary, NC MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Johnston 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.