DSCR Loans in Kent County, Michigan
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 114 lenders made 587 investment-property loans in Kent County, 4.7% of Michigan's total. Dominick Prevete arranges DSCR loans across Kent 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 $310,000.
Kent County investor market at a glance
| Statistic | Kent County | Michigan | County rank |
|---|---|---|---|
| Investor loans | 587 | 12,400 | 4th of 16 |
| Reporting lenders | 114 | 428 | 4th of 16 |
| Loan volume | $135.4M | $4.90B | 5th of 16 |
| Average loan | $231K | $395K | 7th of 16 |
| Median loan | $205K | $135K | 5th of 16 |
| Purchases | 48.9% | 56.1% | 15th of 16 |
| Cash-out refinances | 23.5% | 23.9% | 6th of 16 |
| 2–4 unit properties | 38.3% | 15.4% | 1st of 16 |
| Top five lenders' share | 33.7% | 40.3% | 13th of 16 |
| Reported business-purpose | 65.9% | 76.2% | 9th of 16 |
Kent County: closed-end loans on 1–4 unit investment properties. Kent County's rank is highest first, among Michigan's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Kent County's investor loans.
What stands out in Kent County
38.3% of Kent County's investor loans financed a 2–4 unit property, the highest share of Michigan's 16 counties with published data (statewide: 15.4%).
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.
48.9% of Kent County's investor loans were purchases, the 2nd-lowest share of Michigan's 16 counties with published data (statewide: 56.1%).
Most investor loans here refinance property investors already own. A DSCR refinance qualifies on the property's current rent.
The five most active lenders wrote 33.7% of Kent County's investor loans, the 3rd-lowest share of Michigan's 16 counties with published data (statewide: 40.3%).
Lending here is spread across many lenders; the best fit depends on the deal more than the lender's size.
Does a DSCR loan pencil in Kent County?
At HUD's fair market rent of $2,113 for a 3-bedroom in Kent County, Michigan, a rental covers its full DSCR payment up to a purchase price of about $310,000, with 20% down at the 7.25% starting rate (November 2026). Kent County's median home value is $289,900; at that price the payment is $1,971 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) | $1,630 / $2,113 / $2,417 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $289,900 |
| Median property taxes and effective rate | $3,217 (1.11% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,971 |
| Rent needed to cover that payment | $1,975 |
| Coverage of a 3-bedroom at fair market rent | 1.07 |
| Highest price a 3-bedroom at fair market rent covers | about $310,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $475,000 |
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 Kent County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Kent County?
The most active investment-property lenders in Kent County in 2025 HMDA data were UNITED SHORE FINANCIAL SERVICES, LLC; Kiavi Funding, Inc.; and LAKE MICHIGAN CREDIT UNION, out of 114 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 Kent County, and matches each file to the one most likely to fund it.
Kent County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 587 loans and $135.4M from 114 lenders. UNITED SHORE FINANCIAL SERVICES, LLC led Kent County with 62 loans, 10.6% of the county's total, and the average Kent County loan of $231K compares with $395K across Michigan.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| UNITED SHORE FINANCIAL SERVICES, LLC | 62 | $12.9M | $209K | 50.0% |
| Kiavi Funding, Inc. | 54 | $12.7M | $235K | 55.6% |
| LAKE MICHIGAN CREDIT UNION | 40 | $10.4M | $260K | 80.0% |
| Loan Funder LLC | 21 | $5.7M | $274K | 14.3% |
| CONSUMERS CREDIT UNION | 21 | $4.6M | $218K | 71.4% |
| Mercantile Bank | 20 | $4.7M | $236K | 35.0% |
| United Bank of Michigan | 20 | $4.6M | $228K | 45.0% |
| Northpointe Bank | 15 | $3.6M | $242K | 46.7% |
| LENDINGONE, LLC | 15 | $2.8M | $186K | 20.0% |
| ChoiceOne Bank | 14 | $2.9M | $207K | 42.9% |
| MICHIGAN FIRST CREDIT UNION | 13 | $3.3M | $256K | 84.6% |
| Rocket Mortgage, LLC | 13 | $2.5M | $191K | 23.1% |
| Highpoint Community Bank | 12 | $2.9M | $245K | 16.7% |
| Fifth Third Bank, National Association | 12 | $2.4M | $199K | 50.0% |
| DEEPHAVEN MORTGAGE LLC | 11 | $2.9M | $266K | 27.3% |
| NEWREZ LLC | 11 | $2.5M | $223K | 27.3% |
| Adventure Credit Union | 10 | $1.1M | $107K | 0.0% |
| Old National Bank | 9 | $2.1M | $234K | 33.3% |
| GUILD MORTGAGE COMPANY | 8 | $2.2M | $275K | 75.0% |
| NORTHERN MORTGAGE SERVICES, LLC | 7 | $1.7M | $241K | 42.9% |
| OCMBC, INC. | 7 | $1.5M | $216K | 42.9% |
| The Huntington National Bank | 7 | $0.9M | $135K | 42.9% |
| Union Bank | 6 | $1.9M | $310K | 0.0% |
| GUARANTEED RATE, INC. | 6 | $1.4M | $232K | 66.7% |
| The Dart Bank | 6 | $1.4M | $225K | 16.7% |
763 Michigan loans (6.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Kent County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Kent County CSV, all 25 lenders
What Kent County's table can't show you: fit. Short-term financing is exempt from HMDA, so Kent County's fix-and-flip and bridge lenders barely appear among its 114 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 Kent County, Michigan deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Kent 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 — Kent County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 114 lenders and 587 loans: 2025 HMDA loan-level data rolled up to Kent County.
- Kent County investor-lender dataset (CSV) — All 25 lenders in the Kent County, Michigan table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Kent 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 Grand Rapids-Wyoming, MI HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Kent 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.