DSCR Loans in Lake County, Indiana
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, 157 lenders made 1,298 investment-property loans in Lake County, 11.8% of Indiana's total. Dominick Prevete arranges DSCR loans across Lake County, Indiana, 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 $260,000.
Lake County investor market at a glance
| Statistic | Lake County | Indiana | County rank |
|---|---|---|---|
| Investor loans | 1,298 | 10,971 | 2nd of 21 |
| Reporting lenders | 157 | 497 | 2nd of 21 |
| Loan volume | $213.5M | $2.81B | 4th of 21 |
| Average loan | $165K | $256K | 17th of 21 |
| Median loan | $135K | $145K | 14th of 21 |
| Purchases | 54.7% | 56.9% | 13th of 21 |
| Cash-out refinances | 29.7% | 19.4% | 2nd of 21 |
| 2–4 unit properties | 15.7% | 16.6% | 11th of 21 |
| Top five lenders' share | 40.1% | 20.0% | 7th of 21 |
| Reported business-purpose | 84.1% | 71.5% | 1st of 21 |
Lake County: closed-end loans on 1–4 unit investment properties. Lake County's rank is highest first, among Indiana'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
By share of investor loans reported as business-purpose, Lake County ranks highest of Indiana's 21 counties with published data (statewide: 71.5%).
84.1% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
29.7% of Lake County's investor loans were cash-out refinances, the 2nd-highest share of Indiana's 21 counties with published data (statewide: 19.4%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
The average investor loan in Lake County was $165K, the 5th-lowest average of Indiana's 21 counties with published data (statewide: $256K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
Does a DSCR loan pencil in Lake County?
At HUD's fair market rent of $1,739 for a 3-bedroom in Lake County, Indiana, a rental covers its full DSCR payment up to a purchase price of about $260,000, with 20% down at the 7.25% starting rate (November 2026). Lake County's median home value is $230,600; at that price the payment is $1,531 a month, so the property would need $1,550 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) | $1,429 / $1,739 / $1,898 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $230,600 |
| Median property taxes and effective rate | $2,112 (0.92% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,531 |
| Rent needed to cover that payment | $1,550 |
| Coverage of a 3-bedroom at fair market rent | 1.14 |
| Highest price a 3-bedroom at fair market rent covers | about $260,000 |
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 Kiavi Funding, Inc.; Loan Funder LLC; and RF RENOVO MANAGEMENT COMPANY, LLC, out of 157 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: 1,298 loans and $213.5M from 157 lenders. Kiavi Funding, Inc. led Lake County with 251 loans, 19.3% of the county's total, and the average Lake County loan of $165K compares with $256K across Indiana.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 251 | $43.8M | $175K | 74.5% |
| Loan Funder LLC | 87 | $12.4M | $142K | 39.1% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 64 | $11.7M | $183K | 9.4% |
| BPL MORTGAGE TRUST, LLC | 64 | $7.5M | $117K | 14.1% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 55 | $6.7M | $122K | 58.2% |
| CV3 FINANCIAL SERVICES, LLC | 38 | $5.4M | $143K | 68.4% |
| Bank of Pontiac | 33 | $7.0M | $211K | 75.8% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 32 | $3.1M | $96K | 6.2% |
| GUARANTEED RATE, INC. | 27 | $5.1M | $191K | 66.7% |
| LENDINGONE, LLC | 27 | $3.3M | $121K | 55.6% |
| DOMINION FINANCIAL SERVICES, LLC | 21 | $2.6M | $123K | 33.3% |
| CROSSCOUNTRY MORTGAGE, INC. | 19 | $3.2M | $170K | 89.5% |
| NEWREZ LLC | 18 | $2.6M | $147K | 38.9% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | 18 | $2.2M | $124K | 38.9% |
| Rocket Mortgage, LLC | 17 | $1.8M | $104K | 41.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 16 | $3.7M | $232K | 62.5% |
| DEEPHAVEN MORTGAGE LLC | 16 | $2.3M | $141K | 62.5% |
| Fairway Independent Mortgage Corporation | 14 | $2.4M | $173K | 92.9% |
| INDIANA UNIVERSITY CREDIT UNION | 14 | $1.8M | $129K | 14.3% |
| CHAMPIONS FUNDING, LLC | 13 | $2.5M | $196K | 23.1% |
| A&D Mortgage LLC | 13 | $2.2M | $170K | 100.0% |
| LENNAR MORTGAGE, LLC | 12 | $3.4M | $286K | 100.0% |
| HOMEXPRESS MORTGAGE CORP. | 12 | $2.0M | $163K | 8.3% |
| JPMorgan Chase Bank, National Association | 12 | $1.5M | $126K | 75.0% |
| Centier Bank | 12 | $1.5M | $125K | 91.7% |
387 Indiana loans (3.5%) 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 157 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, Indiana deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Lake County, Indiana 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 157 lenders and 1,298 loans: 2025 HMDA loan-level data rolled up to Lake County.
- Lake County investor-lender dataset (CSV) — All 25 lenders in the Lake County, Indiana 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 Gary, IN 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.