DSCR Loans in Madison County, Illinois
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 78 lenders made 451 investment-property loans in Madison County, 2.4% of Illinois's total. Dominick Prevete arranges DSCR loans across Madison 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 $230,000.
Madison County investor market at a glance
| Statistic | Madison County | Illinois | County rank |
|---|---|---|---|
| Investor loans | 451 | 19,010 | 9th of 20 |
| Reporting lenders | 78 | 610 | 9th of 20 |
| Loan volume | $56.2M | $5.59B | 11th of 20 |
| Average loan | $125K | $294K | 13th of 20 |
| Median loan | $105K | $175K | 13th of 20 |
| Purchases | 64.5% | 61.9% | 12th of 20 |
| Cash-out refinances | 14.0% | 18.5% | 12th of 20 |
| 2–4 unit properties | 22.8% | 22.4% | 9th of 20 |
| Top five lenders' share | 52.1% | 20.7% | 7th of 20 |
| Reported business-purpose | 77.6% | 68.0% | 2nd of 20 |
Madison County: closed-end loans on 1–4 unit investment properties. Madison County's rank is highest first, among Illinois's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Madison County's investor loans.
What stands out in Madison County
By share of investor loans reported as business-purpose, Madison County ranks 2nd-highest of Illinois's 20 counties with published data (statewide: 68.0%).
77.6% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
Madison County's 451 investor loans ranked 9th of Illinois's 20 counties with published data.
Does a DSCR loan pencil in Madison County?
At HUD's fair market rent of $1,731 for a 3-bedroom in Madison County, Illinois, 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). Madison County's median home value is $173,000; at that price the payment is $1,293 a month, so the property would need $1,300 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) | $1,349 / $1,731 / $1,997 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $173,000 |
| Median property taxes and effective rate | $3,319 (1.92% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,293 |
| Rent needed to cover that payment | $1,300 |
| Coverage of a 3-bedroom at fair market rent | 1.34 |
| Highest price a 3-bedroom at fair market rent covers | about $230,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $360,000 |
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 Madison County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Madison County?
The most active investment-property lenders in Madison County in 2025 HMDA data were FCB Banks, Carrollton Bank and Bank of Springfield, out of 78 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 two that reported in Madison County, and matches each file to the one most likely to fund it.
Madison County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 451 loans and $56.2M from 78 lenders. FCB Banks led Madison County with 84 loans, 18.6% of the county's total, and the average Madison County loan of $125K compares with $294K across Illinois.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| FCB Banks | 84 | $10.9M | $130K | 63.1% |
| Carrollton Bank | 65 | $7.5M | $116K | 73.8% |
| Bank of Springfield | 45 | $5.7M | $127K | 82.2% |
| United Community Bank | 21 | $2.8M | $133K | 52.4% |
| Bank of Hillsboro, National Association | 20 | $2.3M | $117K | 45.0% |
| 1ST MIDAMERICA CREDIT UNION | 17 | $1.4M | $83K | 64.7% |
| The Bradford National Bank of Greenville | 12 | $1.9M | $158K | 66.7% |
| Bank of Belleville | 11 | $1.5M | $138K | 72.7% |
| First Mid Bank & Trust, National Association | 11 | $1.2M | $108K | 36.4% |
| AMERICAN HERITAGE LENDING, LLC | 9 | $0.8M | $94K | 33.3% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 8 | $1.2M | $145K | 50.0% |
| Bank of O'Fallon | 8 | $0.8M | $94K | 37.5% |
| GCS Credit Union | 7 | $0.8M | $119K | 85.7% |
| CNB Bank And Trust, N.A. | 6 | $0.5M | $88K | 66.7% |
| A&D Mortgage LLC | 5 | $0.7M | $141K | 60.0% |
| Kiavi Funding, Inc. | 5 | $0.7M | $135K | 80.0% |
| DOMINION FINANCIAL SERVICES, LLC | 5 | $0.7M | $133K | 100.0% |
| DELMAR FINANCIAL COMPANY | 5 | $0.5M | $99K | 80.0% |
| Busey Bank | 5 | $0.4M | $77K | 60.0% |
| The Central Trust Bank | 4 | $0.7M | $165K | 50.0% |
| TOGETHER CREDIT UNION | 4 | $0.5M | $135K | 25.0% |
| First National Bank of Waterloo | 4 | $0.4M | $108K | 75.0% |
| Rocket Mortgage, LLC | 4 | $0.3M | $88K | 75.0% |
| SCOTT CREDIT UNION | 4 | $0.3M | $73K | 100.0% |
| Loan Funder LLC | 3 | $1.1M | $362K | 66.7% |
388 Illinois loans (2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Madison County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Madison County CSV, all 25 lenders
What Madison County's table can't show you: fit. Short-term financing is exempt from HMDA, so Madison County's fix-and-flip and bridge lenders barely appear among its 78 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 Madison County, Illinois deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Madison 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 — Madison County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 78 lenders and 451 loans: 2025 HMDA loan-level data rolled up to Madison County.
- Madison County investor-lender dataset (CSV) — All 25 lenders in the Madison County, Illinois table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Madison 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 St. Louis, MO-IL HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Madison 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.