DSCR Loans in Kalamazoo County, Michigan
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 65 lenders made 227 investment-property loans in Kalamazoo County, 1.8% of Michigan's total. Dominick Prevete arranges DSCR loans across Kalamazoo 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 $215,000.
Kalamazoo County investor market at a glance
| Statistic | Kalamazoo County | Michigan | County rank |
|---|---|---|---|
| Investor loans | 227 | 12,400 | 8th of 16 |
| Reporting lenders | 65 | 428 | 9th of 16 |
| Loan volume | $39.1M | $4.90B | 11th of 16 |
| Average loan | $172K | $395K | 9th of 16 |
| Median loan | $145K | $135K | 8th of 16 |
| Purchases | 55.5% | 56.1% | 12th of 16 |
| Cash-out refinances | 19.8% | 23.9% | 9th of 16 |
| 2–4 unit properties | 26.4% | 15.4% | 5th of 16 |
| Top five lenders' share | 44.1% | 40.3% | 7th of 16 |
| Reported business-purpose | 66.5% | 76.2% | 8th of 16 |
Kalamazoo County: closed-end loans on 1–4 unit investment properties. Kalamazoo County's rank is highest first, among Michigan's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Kalamazoo County's investor loans.
What stands out in Kalamazoo County
Kalamazoo County's 227 investor loans ranked 8th of Michigan's 16 counties with published data.
Does a DSCR loan pencil in Kalamazoo County?
At HUD's fair market rent of $1,545 for a 3-bedroom in Kalamazoo County, Michigan, a rental covers its full DSCR payment up to a purchase price of about $215,000, with 20% down at the 7.25% starting rate (November 2026). Kalamazoo County's median home value is $241,800; at that price the payment is $1,712 a month, so the property would need $1,725 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) | $1,158 / $1,545 / $1,637 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $241,800 |
| Median property taxes and effective rate | $3,498 (1.45% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,712 |
| Rent needed to cover that payment | $1,725 |
| Coverage of a 3-bedroom at fair market rent | 0.90 |
| Highest price a 3-bedroom at fair market rent covers | about $215,000 |
| Highest price two 2-bedroom units at fair market rent cover | 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 Kalamazoo County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Kalamazoo County?
The most active investment-property lenders in Kalamazoo County in 2025 HMDA data were CONSUMERS CREDIT UNION; Kiavi Funding, Inc.; and UNITED SHORE FINANCIAL SERVICES, LLC, out of 65 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 Kalamazoo County, and matches each file to the one most likely to fund it.
Kalamazoo County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 227 loans and $39.1M from 65 lenders. CONSUMERS CREDIT UNION led Kalamazoo County with 30 loans, 13.2% of the county's total, and the average Kalamazoo County loan of $172K compares with $395K across Michigan.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| CONSUMERS CREDIT UNION | 30 | $4.6M | $154K | 63.3% |
| Kiavi Funding, Inc. | 27 | $4.6M | $169K | 51.9% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 16 | $2.3M | $146K | 56.2% |
| KELLOGG COMMUNITY CREDIT UNION | 14 | $2.9M | $208K | 42.9% |
| LAKE MICHIGAN CREDIT UNION | 13 | $2.1M | $159K | 61.5% |
| ARBOR FINANCIAL CREDIT UNION | 7 | $1.5M | $216K | 57.1% |
| THE LOAN STORE, INC. | 7 | $1.2M | $178K | 57.1% |
| Rocket Mortgage, LLC | 7 | $1.2M | $176K | 57.1% |
| GVC MORTGAGE, INC. | 5 | $0.8M | $153K | 100.0% |
| CHURCHILL MORTGAGE CORPORATION | 5 | $0.6M | $115K | 100.0% |
| AMWEST FUNDING CORP. | 4 | $0.8M | $210K | 100.0% |
| Sturgis Bank & Trust Company | 4 | $0.8M | $205K | 0.0% |
| NEWREZ LLC | 4 | $0.8M | $188K | 75.0% |
| The Huntington National Bank | 4 | $0.7M | $175K | 50.0% |
| Loan Funder LLC | 4 | $0.5M | $133K | 25.0% |
| OCMBC, INC. | 3 | $0.6M | $202K | 100.0% |
| CONVENTUS LLC | 3 | $0.5M | $158K | 0.0% |
| LENDINGONE, LLC | 3 | $0.4M | $145K | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 3 | $0.4M | $132K | 0.0% |
| Old National Bank | 3 | $0.2M | $78K | 0.0% |
| PNC Bank, National Association | 2 | $0.9M | $450K | 100.0% |
| LIMA ONE CAPITAL, LLC | 2 | $0.9M | $435K | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 2 | $0.8M | $425K | 50.0% |
| ChoiceOne Bank | 2 | $0.6M | $285K | 50.0% |
| MOVEMENT MORTGAGE, LLC | 2 | $0.6M | $280K | 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 Kalamazoo County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Kalamazoo County CSV, all 25 lenders
What Kalamazoo County's table can't show you: fit. Short-term financing is exempt from HMDA, so Kalamazoo County's fix-and-flip and bridge lenders barely appear among its 65 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 Kalamazoo County, Michigan deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Kalamazoo 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 — Kalamazoo County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 65 lenders and 227 loans: 2025 HMDA loan-level data rolled up to Kalamazoo County.
- Kalamazoo County investor-lender dataset (CSV) — All 25 lenders in the Kalamazoo County, Michigan table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Kalamazoo 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 Kalamazoo-Portage, MI MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Kalamazoo 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.