DSCR Loans in Kankakee County, Illinois
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 54 lenders made 193 investment-property loans in Kankakee County, 1.0% of Illinois's total. Dominick Prevete arranges DSCR loans across Kankakee County, Illinois, 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 $225,000.
Kankakee County investor market at a glance
| Statistic | Kankakee County | Illinois | County rank |
|---|---|---|---|
| Investor loans | 193 | 19,010 | 17th of 20 |
| Reporting lenders | 54 | 610 | 16th of 20 |
| Loan volume | $27.2M | $5.59B | 16th of 20 |
| Average loan | $141K | $294K | 11th of 20 |
| Median loan | $125K | $175K | 11th of 20 |
| Purchases | 57.5% | 61.9% | 19th of 20 |
| Cash-out refinances | 18.7% | 18.5% | 3rd of 20 |
| 2–4 unit properties | 33.2% | 22.4% | 2nd of 20 |
| Top five lenders' share | 40.9% | 20.7% | 12th of 20 |
| Reported business-purpose | 62.2% | 68.0% | 13th of 20 |
Kankakee County: closed-end loans on 1–4 unit investment properties. Kankakee County's rank is highest first, among Illinois's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Kankakee County's investor loans.
What stands out in Kankakee County
33.2% of Kankakee County's investor loans financed a 2–4 unit property, the 2nd-highest share of Illinois's 20 counties with published data (statewide: 22.4%).
2–4 unit properties are common here. A DSCR loan on a 2–4 unit property qualifies on the rent from all of its units.
57.5% of Kankakee County's investor loans were purchases, the 2nd-lowest share of Illinois's 20 counties with published data (statewide: 61.9%).
Refinances are a larger share here than in most of Illinois. A DSCR refinance qualifies on the property's current rent.
18.7% of Kankakee County's investor loans were cash-out refinances, the 3rd-highest share of Illinois's 20 counties with published data (statewide: 18.5%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
Does a DSCR loan pencil in Kankakee County?
At HUD's fair market rent of $1,775 for a 3-bedroom in Kankakee County, Illinois, a rental covers its full DSCR payment up to a purchase price of about $225,000, with 20% down at the 7.25% starting rate (November 2026). Kankakee County's median home value is $192,600; at that price the payment is $1,487 a month, so the property would need $1,500 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) | $1,349 / $1,775 / $1,876 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $192,600 |
| Median property taxes and effective rate | $4,266 (2.21% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,487 |
| Rent needed to cover that payment | $1,500 |
| Coverage of a 3-bedroom at fair market rent | 1.19 |
| Highest price a 3-bedroom at fair market rent covers | about $225,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $345,000 |
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 Kankakee County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Kankakee County?
The most active investment-property lenders in Kankakee County in 2025 HMDA data were Municipal Trust and Savings Bank; UNITED SHORE FINANCIAL SERVICES, LLC; and Peoples Bank of Kankakee County, out of 54 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 Kankakee County, and matches each file to the one most likely to fund it.
Kankakee County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 193 loans and $27.2M from 54 lenders. Municipal Trust and Savings Bank led Kankakee County with 22 loans, 11.4% of the county's total, and the average Kankakee County loan of $141K compares with $294K across Illinois.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Municipal Trust and Savings Bank | 22 | $3.7M | $168K | 68.2% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 21 | $2.4M | $114K | 33.3% |
| Peoples Bank of Kankakee County | 15 | $1.8M | $121K | 93.3% |
| CV3 FINANCIAL SERVICES, LLC | 11 | $1.1M | $104K | 81.8% |
| Loan Funder LLC | 10 | $1.2M | $123K | 10.0% |
| National Bank of St. Anne | 8 | $1.7M | $218K | 62.5% |
| First American Bank | 8 | $0.6M | $76K | 12.5% |
| First Trust Bank of Illinois | 7 | $0.7M | $101K | 71.4% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 7 | $0.7M | $94K | 100.0% |
| BPL MORTGAGE TRUST, LLC | 6 | $0.7M | $110K | 33.3% |
| GUARANTEED RATE, INC. | 4 | $0.7M | $183K | 75.0% |
| THE LOAN STORE, INC. | 4 | $0.7M | $180K | 100.0% |
| GUARANTEED RATE AFFINITY, LLC | 4 | $0.3M | $88K | 100.0% |
| Rocket Mortgage, LLC | 3 | $0.6M | $208K | 66.7% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 3 | $0.5M | $175K | 0.0% |
| CHAMPIONS FUNDING, LLC | 3 | $0.5M | $165K | 33.3% |
| CROSSCOUNTRY MORTGAGE, INC. | 3 | $0.4M | $138K | 33.3% |
| DEEPHAVEN MORTGAGE LLC | 3 | $0.4M | $125K | 0.0% |
| LIMA ONE CAPITAL, LLC | 3 | $0.4M | $118K | 0.0% |
| Ixonia Bank | 3 | $0.3M | $115K | 100.0% |
| Broker Solutions, Inc. | 2 | $0.5M | $230K | 100.0% |
| Old National Bank | 2 | $0.5M | $225K | 50.0% |
| NATIONSTAR MORTGAGE LLC | 2 | $0.5M | $225K | 50.0% |
| Iroquois Federal Savings and Loan Association | 2 | $0.4M | $215K | 50.0% |
| PNC Bank, National Association | 2 | $0.3M | $145K | 100.0% |
388 Illinois loans (2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Kankakee County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Kankakee County CSV, all 25 lenders
What Kankakee County's table can't show you: fit. Short-term financing is exempt from HMDA, so Kankakee County's fix-and-flip and bridge lenders barely appear among its 54 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 Kankakee County, Illinois deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Kankakee County, Illinois 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 — Kankakee County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 54 lenders and 193 loans: 2025 HMDA loan-level data rolled up to Kankakee County.
- Kankakee County investor-lender dataset (CSV) — All 25 lenders in the Kankakee County, Illinois table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Kankakee 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 Kankakee, IL MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Kankakee 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.