DSCR Loans in Lake County, Illinois
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, 169 lenders made 888 investment-property loans in Lake County, 4.7% of Illinois's total. Dominick Prevete arranges DSCR loans across Lake 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 $320,000.
Lake County investor market at a glance
| Statistic | Lake County | Illinois | County rank |
|---|---|---|---|
| Investor loans | 888 | 19,010 | 4th of 20 |
| Reporting lenders | 169 | 610 | 3rd of 20 |
| Loan volume | $230.7M | $5.59B | 4th of 20 |
| Average loan | $260K | $294K | 4th of 20 |
| Median loan | $195K | $175K | 7th of 20 |
| Purchases | 63.4% | 61.9% | 14th of 20 |
| Cash-out refinances | 17.1% | 18.5% | 6th of 20 |
| 2–4 unit properties | 10.8% | 22.4% | 16th of 20 |
| Top five lenders' share | 32.4% | 20.7% | 16th of 20 |
| Reported business-purpose | 66.0% | 68.0% | 10th of 20 |
Lake County: closed-end loans on 1–4 unit investment properties. Lake County's rank is highest first, among Illinois's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Lake County's investor loans.
What stands out in Lake County
The average investor loan in Lake County was $260K, the 4th-highest average of Illinois's 20 counties with published data (statewide: $294K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
10.8% of Lake County's investor loans financed a 2–4 unit property, the 5th-lowest share of Illinois's 20 counties with published data (statewide: 22.4%).
Single-family rentals dominate here. A DSCR loan qualifies a single-family rental on its market rent, not your income.
The five most active lenders wrote 32.4% of Lake County's investor loans, the 5th-lowest share of Illinois's 20 counties with published data (statewide: 20.7%).
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 Lake County?
At HUD's fair market rent of $2,586 for a 3-bedroom in Lake County, Illinois, a rental covers its full DSCR payment up to a purchase price of about $320,000, with 20% down at the 7.25% starting rate (November 2026). Lake County's median home value is $345,700; at that price the payment is $2,774 a month, so the property would need $2,775 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) | $2,011 / $2,586 / $2,954 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $345,700 |
| Median property taxes and effective rate | $8,923 (2.58% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,774 |
| Rent needed to cover that payment | $2,775 |
| Coverage of a 3-bedroom at fair market rent | 0.93 |
| Highest price a 3-bedroom at fair market rent covers | about $320,000 |
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 Lake County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Lake County?
The most active investment-property lenders in Lake County in 2025 HMDA data were THE LOAN STORE, INC.; UNITED SHORE FINANCIAL SERVICES, LLC; and Loan Funder LLC, out of 169 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 several that reported in Lake County, and matches each file to the one most likely to fund it.
Lake County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 888 loans and $230.7M from 169 lenders. THE LOAN STORE, INC. led Lake County with 100 loans, 11.3% of the county's total, and the average Lake County loan of $260K compares with $294K across Illinois.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| THE LOAN STORE, INC. | 100 | $21.0M | $210K | 68.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 57 | $11.7M | $206K | 49.1% |
| Loan Funder LLC | 55 | $13.3M | $241K | 47.3% |
| Kiavi Funding, Inc. | 40 | $8.3M | $208K | 67.5% |
| CROSSCOUNTRY MORTGAGE, INC. | 36 | $6.6M | $184K | 88.9% |
| GUARANTEED RATE, INC. | 28 | $8.4M | $302K | 75.0% |
| Barrington Bank & Trust Company, National Association | 23 | $5.1M | $220K | 65.2% |
| Rocket Mortgage, LLC | 21 | $4.6M | $218K | 57.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 21 | $4.1M | $197K | 71.4% |
| JPMorgan Chase Bank, National Association | 18 | $3.5M | $196K | 72.2% |
| BPL MORTGAGE TRUST, LLC | 16 | $4.4M | $275K | 68.8% |
| The Huntington National Bank | 16 | $2.8M | $174K | 62.5% |
| Fairway Independent Mortgage Corporation | 15 | $3.0M | $201K | 66.7% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 12 | $4.1M | $342K | 91.7% |
| Republic Bank of Chicago | 11 | $1.8M | $166K | 100.0% |
| PENNYMAC LOAN SERVICES, LLC | 10 | $2.8M | $278K | 60.0% |
| DHI MORTGAGE COMPANY, LTD. | 9 | $2.5M | $278K | 100.0% |
| CHAMPIONS FUNDING, LLC | 9 | $2.5M | $275K | 44.4% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 9 | $2.3M | $261K | 33.3% |
| OriginPoint, LLC | 9 | $2.1M | $235K | 100.0% |
| Broker Solutions, Inc. | 9 | $2.0M | $222K | 88.9% |
| AMERICAN HERITAGE LENDING, LLC | 9 | $1.8M | $196K | 33.3% |
| LENNAR MORTGAGE, LLC | 8 | $2.1M | $258K | 100.0% |
| UNION HOME MORTGAGE CORP. | 8 | $1.4M | $181K | 37.5% |
| DEEPHAVEN MORTGAGE LLC | 8 | $1.3M | $165K | 12.5% |
388 Illinois loans (2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Lake County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Lake County CSV, all 25 lenders
What Lake County's table can't show you: fit. Short-term financing is exempt from HMDA, so Lake County's fix-and-flip and bridge lenders barely appear among its 169 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 several 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 Lake County, Illinois deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Lake 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 — Lake County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 169 lenders and 888 loans: 2025 HMDA loan-level data rolled up to Lake County.
- Lake County investor-lender dataset (CSV) — All 25 lenders in the Lake County, Illinois table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Lake 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 Chicago-Joliet-Naperville, IL HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Lake 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.