DSCR Loans in Lorain County, Ohio
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 87 lenders made 470 investment-property loans in Lorain County, 2.2% of Ohio's total. Dominick Prevete arranges DSCR loans across Lorain County, Ohio, 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 $230,000.
Lorain County investor market at a glance
| Statistic | Lorain County | Ohio | County rank |
|---|---|---|---|
| Investor loans | 470 | 21,703 | 9th of 30 |
| Reporting lenders | 87 | 551 | 9th of 30 |
| Loan volume | $64.8M | $3.64B | 11th of 30 |
| Average loan | $138K | $168K | 21st of 30 |
| Median loan | $115K | $135K | 19th of 30 |
| Purchases | 55.1% | 59.1% | 25th of 30 |
| Cash-out refinances | 24.9% | 20.0% | 6th of 30 |
| 2–4 unit properties | 19.8% | 23.7% | 20th of 30 |
| Top five lenders' share | 38.3% | 28.8% | 17th of 30 |
| Reported business-purpose | 76.4% | 76.4% | 8th of 30 |
Lorain County: closed-end loans on 1–4 unit investment properties. Lorain County's rank is highest first, among Ohio's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Lorain County's investor loans.
What stands out in Lorain County
24.9% of Lorain County's investor loans were cash-out refinances, the 6th-highest share of Ohio's 30 counties with published data (statewide: 20.0%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
55.1% of Lorain County's investor loans were purchases, the 6th-lowest share of Ohio's 30 counties with published data (statewide: 59.1%).
Refinances are a larger share here than in most of Ohio. A DSCR refinance qualifies on the property's current rent.
Does a DSCR loan pencil in Lorain County?
At HUD's fair market rent of $1,628 for a 3-bedroom in Lorain County, Ohio, a rental covers its full DSCR payment up to a purchase price of about $230,000, with 20% down at the 7.25% starting rate (November 2026). Lorain County's median home value is $223,200; at that price the payment is $1,566 a month, so the property would need $1,575 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) | $1,274 / $1,628 / $1,756 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $223,200 |
| Median property taxes and effective rate | $3,055 (1.37% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,566 |
| Rent needed to cover that payment | $1,575 |
| Coverage of a 3-bedroom at fair market rent | 1.04 |
| Highest price a 3-bedroom at fair market rent covers | about $230,000 |
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 Lorain County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Lorain County?
The most active investment-property lenders in Lorain County in 2025 HMDA data were BPL MORTGAGE TRUST, LLC; Loan Funder LLC; and UNITED SHORE FINANCIAL SERVICES, LLC, out of 87 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 Lorain County, and matches each file to the one most likely to fund it.
Lorain County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 470 loans and $64.8M from 87 lenders. BPL MORTGAGE TRUST, LLC led Lorain County with 60 loans, 12.8% of the county's total, and the average Lorain County loan of $138K compares with $168K across Ohio.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| BPL MORTGAGE TRUST, LLC | 60 | $5.6M | $93K | 60.0% |
| Loan Funder LLC | 43 | $6.6M | $153K | 14.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 33 | $4.0M | $120K | 39.4% |
| Kiavi Funding, Inc. | 24 | $3.9M | $160K | 54.2% |
| DOMINION FINANCIAL SERVICES, LLC | 20 | $2.6M | $133K | 50.0% |
| CV3 FINANCIAL SERVICES, LLC | 18 | $2.0M | $113K | 94.4% |
| CROSSCOUNTRY MORTGAGE, INC. | 17 | $2.4M | $142K | 94.1% |
| The Huntington National Bank | 16 | $1.6M | $99K | 37.5% |
| Rocket Mortgage, LLC | 15 | $2.1M | $138K | 60.0% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 12 | $1.8M | $151K | 66.7% |
| AMERICAN HERITAGE LENDING, LLC | 12 | $1.4M | $119K | 16.7% |
| RUOFF MORTGAGE COMPANY, INC. | 10 | $1.2M | $118K | 80.0% |
| DEEPHAVEN MORTGAGE LLC | 8 | $0.9M | $115K | 12.5% |
| RPE Home, Inc | 7 | $1.4M | $195K | 0.0% |
| A&D Mortgage LLC | 7 | $1.1M | $161K | 85.7% |
| First Federal Savings of Lorain | 7 | $0.8M | $115K | 57.1% |
| Fifth Third Bank, National Association | 7 | $0.8M | $112K | 57.1% |
| UNION HOME MORTGAGE CORP. | 6 | $0.8M | $128K | 83.3% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 6 | $0.5M | $88K | 16.7% |
| NVR Mortgage Finance, Inc. | 5 | $1.5M | $309K | 100.0% |
| Citizens Bank, National Association | 5 | $0.7M | $133K | 60.0% |
| AMWEST FUNDING CORP. | 5 | $0.6M | $127K | 60.0% |
| LIMA ONE CAPITAL, LLC | 5 | $0.6M | $119K | 80.0% |
| First National Bank of Pennsylvania | 4 | $1.0M | $258K | 50.0% |
| ENVOY MORTGAGE, LTD | 4 | $0.9M | $215K | 75.0% |
1,125 Ohio loans (5.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Lorain County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Lorain County CSV, all 25 lenders
What Lorain County's table can't show you: fit. Short-term financing is exempt from HMDA, so Lorain County's fix-and-flip and bridge lenders barely appear among its 87 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 Lorain County, Ohio deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Lorain County, Ohio 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 — Lorain County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 87 lenders and 470 loans: 2025 HMDA loan-level data rolled up to Lorain County.
- Lorain County investor-lender dataset (CSV) — All 25 lenders in the Lorain County, Ohio table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Lorain 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 Cleveland, OH HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Lorain 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.