DSCR Loans in Lee County, North Carolina
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 44 lenders made 175 investment-property loans in Lee County, 0.8% of North Carolina's total. Dominick Prevete arranges DSCR loans across Lee County, North Carolina, 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.
Lee County investor market at a glance
| Statistic | Lee County | North Carolina | County rank |
|---|---|---|---|
| Investor loans | 175 | 21,470 | 27th of 42 |
| Reporting lenders | 44 | 601 | 41st of 42 |
| Loan volume | $38.0M | $5.97B | 31st of 42 |
| Average loan | $217K | $278K | 24th of 42 |
| Median loan | $205K | $225K | 22nd of 42 |
| Purchases | 77.1% | 64.5% | 2nd of 42 |
| Cash-out refinances | 12.6% | 15.7% | 31st of 42 |
| 2–4 unit properties | 5.7% | 6.3% | 24th of 42 |
| Top five lenders' share | 58.3% | 23.4% | 1st of 42 |
| Reported business-purpose | 78.3% | 70.9% | 17th of 42 |
Lee County: closed-end loans on 1–4 unit investment properties. Lee County's rank is highest first, among North Carolina's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Lee County's investor loans.
What stands out in Lee County
The five most active lenders wrote 58.3% of Lee County's investor loans, the highest share of North Carolina's 42 counties with published data (statewide: 23.4%).
Five lenders write 58.3% of the loans here, so comparing written term sheets matters more.
77.1% of Lee County's investor loans were purchases, the 2nd-highest share of North Carolina's 42 counties with published data (statewide: 64.5%).
Most investor loans here are purchases. A DSCR purchase qualifies on the property's rent, so you can get written terms before you make an offer with the Instant Term Sheet.
Does a DSCR loan pencil in Lee County?
At HUD's fair market rent of $1,405 for a 3-bedroom in Lee County, North Carolina, 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). Lee County's median home value is $240,200; at that price the payment is $1,560 a month, so the property would need $1,575 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) | $1,179 / $1,405 / $1,805 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $240,200 |
| Median property taxes and effective rate | $1,785 (0.74% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,560 |
| Rent needed to cover that payment | $1,575 |
| Coverage of a 3-bedroom at fair market rent | 0.90 |
| Highest price a 3-bedroom at fair market rent covers | about $215,000 |
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 Lee County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Lee County?
The most active investment-property lenders in Lee County in 2025 HMDA data were DHI MORTGAGE COMPANY, LTD.; STATE EMPLOYEES'; and LENNAR MORTGAGE, LLC, out of 44 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 Lee County, and matches each file to the one most likely to fund it.
Lee County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 175 loans and $38.0M from 44 lenders. DHI MORTGAGE COMPANY, LTD. led Lee County with 52 loans, 29.7% of the county's total, and the average Lee County loan of $217K compares with $278K across North Carolina.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| DHI MORTGAGE COMPANY, LTD. | 52 | $11.9M | $229K | 100.0% |
| STATE EMPLOYEES' | 21 | $4.3M | $203K | 61.9% |
| LENNAR MORTGAGE, LLC | 13 | $3.2M | $247K | 100.0% |
| First Bank | 9 | $1.5M | $168K | 66.7% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 7 | $1.4M | $201K | 57.1% |
| Kiavi Funding, Inc. | 6 | $1.1M | $180K | 50.0% |
| GUILD MORTGAGE COMPANY | 5 | $1.2M | $231K | 80.0% |
| Rocket Mortgage, LLC | 5 | $0.8M | $157K | 20.0% |
| NVR Mortgage Finance, Inc. | 4 | $0.8M | $190K | 100.0% |
| PENNYMAC LOAN SERVICES, LLC | 3 | $0.7M | $242K | 66.7% |
| FIRST HOME MORTGAGE CORPORATION | 3 | $0.6M | $188K | 100.0% |
| OCMBC, INC. | 3 | $0.5M | $172K | 100.0% |
| LENDSURE MORTGAGE CORP. | 2 | $0.7M | $325K | 0.0% |
| THE LOAN STORE, INC. | 2 | $0.5M | $270K | 100.0% |
| The Fidelity Bank | 2 | $0.5M | $250K | 50.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 2 | $0.5M | $245K | 50.0% |
| Broker Solutions, Inc. | 2 | $0.5M | $240K | 50.0% |
| HOMEXPRESS MORTGAGE CORP. | 2 | $0.4M | $205K | 0.0% |
| Alcova Mortgage LLC | 2 | $0.4M | $205K | 0.0% |
| NFM, INC. | 2 | $0.4M | $195K | 100.0% |
| CV3 FINANCIAL SERVICES, LLC | 2 | $0.3M | $175K | 100.0% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 2 | $0.3M | $175K | 0.0% |
| GENWAY HOME MORTGAGE, INC. | 2 | $0.3M | $170K | 100.0% |
| Fairway Independent Mortgage Corporation | 2 | $0.3M | $135K | 100.0% |
| Morgan Stanley Private Bank, National Association | 1 | $0.4M | $435K | 100.0% |
846 North Carolina loans (3.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Lee County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Lee County CSV, all 25 lenders
What Lee County's table can't show you: fit. Short-term financing is exempt from HMDA, so Lee County's fix-and-flip and bridge lenders barely appear among its 44 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 Lee County, North Carolina deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Lee County, North Carolina 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 — Lee County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 44 lenders and 175 loans: 2025 HMDA loan-level data rolled up to Lee County.
- Lee County investor-lender dataset (CSV) — All 25 lenders in the Lee County, North Carolina table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Lee 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 Lee County, NC.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Lee 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.