DSCR Loans in Manitowoc County, Wisconsin
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 50 lenders made 186 investment-property loans in Manitowoc County, 2.1% of Wisconsin's total. Dominick Prevete arranges DSCR loans across Manitowoc County, Wisconsin, 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 $170,000.
Manitowoc County investor market at a glance
| Statistic | Manitowoc County | Wisconsin | County rank |
|---|---|---|---|
| Investor loans | 186 | 8,874 | 13th of 17 |
| Reporting lenders | 50 | 462 | 13th of 17 |
| Loan volume | $29.1M | $1.96B | 16th of 17 |
| Average loan | $156K | $221K | 17th of 17 |
| Median loan | $130K | $175K | 17th of 17 |
| Purchases | 48.9% | 59.3% | 16th of 17 |
| Cash-out refinances | 3.8% | 16.9% | 17th of 17 |
| 2–4 unit properties | 46.2% | 41.0% | 5th of 17 |
| Top five lenders' share | 57.5% | 14.2% | 3rd of 17 |
| Reported business-purpose | 79.0% | 66.8% | 2nd of 17 |
Manitowoc County: closed-end loans on 1–4 unit investment properties. Manitowoc County's rank is highest first, among Wisconsin's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Manitowoc County's investor loans.
What stands out in Manitowoc County
3.8% of Manitowoc County's investor loans were cash-out refinances, the lowest share of Wisconsin's 17 counties with published data (statewide: 16.9%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
The median investor loan in Manitowoc County was $130K, the lowest median of Wisconsin's 17 counties with published data (statewide: $175K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
48.9% of Manitowoc County's investor loans were purchases, the 2nd-lowest share of Wisconsin's 17 counties with published data (statewide: 59.3%).
Most investor loans here refinance property investors already own. A DSCR refinance qualifies on the property's current rent.
Does a DSCR loan pencil in Manitowoc County?
At HUD's fair market rent of $1,208 for a 3-bedroom in Manitowoc County, Wisconsin, a rental covers its full DSCR payment up to a purchase price of about $170,000, with 20% down at the 7.25% starting rate (November 2026). Manitowoc County's median home value is $186,900; at that price the payment is $1,322 a month, so the property would need $1,325 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) | $1,014 / $1,208 / $1,333 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $186,900 |
| Median property taxes and effective rate | $2,695 (1.44% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,322 |
| Rent needed to cover that payment | $1,325 |
| Coverage of a 3-bedroom at fair market rent | 0.91 |
| Highest price a 3-bedroom at fair market rent covers | about $170,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $285,000 |
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 Manitowoc County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Manitowoc County?
The most active investment-property lenders in Manitowoc County in 2025 HMDA data were UNITEDONE Credit Union, SHORELINE CREDIT UNION and KOHLER CREDIT UNION, out of 50 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 Manitowoc County, and matches each file to the one most likely to fund it.
Manitowoc County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 186 loans and $29.1M from 50 lenders. UNITEDONE Credit Union led Manitowoc County with 41 loans, 22.0% of the county's total, and the average Manitowoc County loan of $156K compares with $221K across Wisconsin.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| UNITEDONE Credit Union | 41 | $5.6M | $137K | 29.3% |
| SHORELINE CREDIT UNION | 25 | $4.7M | $187K | 40.0% |
| KOHLER CREDIT UNION | 17 | $1.1M | $65K | 0.0% |
| FOX COMMUNITIES Credit Union | 15 | $1.9M | $128K | 46.7% |
| Nicolet National Bank | 9 | $1.7M | $184K | 66.7% |
| Bank First, N.A. | 9 | $1.1M | $126K | 88.9% |
| Kiavi Funding, Inc. | 7 | $1.2M | $171K | 85.7% |
| Community First | 6 | $1.0M | $160K | 33.3% |
| Collins State Bank | 5 | $1.1M | $225K | 80.0% |
| UNISON CREDIT UNION | 4 | $0.4M | $100K | 100.0% |
| United Wholesale Mortgage | 3 | $0.5M | $175K | 66.7% |
| University of Wisconsin Credit Union | 3 | $0.5M | $152K | 100.0% |
| Oostburg State Bank | 2 | $0.3M | $175K | 100.0% |
| MARINE CREDIT UNION | 2 | $0.3M | $175K | 50.0% |
| Bristol Morgan Bank | 2 | $0.3M | $150K | 100.0% |
| Summit Credit Union | 2 | $0.3M | $140K | 100.0% |
| American National Bank - Fox Cities | 1 | $0.9M | $865K | 0.0% |
| National Exchange Bank and Trust | 1 | $0.8M | $795K | 100.0% |
| Citadel Servicing Corporation | 1 | $0.7M | $695K | 100.0% |
| FORTE BANK | 1 | $0.3M | $255K | 0.0% |
| CLEAREDGE LENDING LLC | 1 | $0.2M | $235K | 0.0% |
| Bank of Luxemburg | 1 | $0.2M | $225K | 100.0% |
| GreenLeaf Bank | 1 | $0.2M | $225K | 100.0% |
| CHAMPIONS FUNDING, LLC | 1 | $0.2M | $205K | 100.0% |
| FREEDOM MORTGAGE CORPORATION | 1 | $0.2M | $195K | 0.0% |
154 Wisconsin loans (1.7%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Manitowoc County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Manitowoc County CSV, all 25 lenders
What Manitowoc County's table can't show you: fit. Short-term financing is exempt from HMDA, so Manitowoc County's fix-and-flip and bridge lenders barely appear among its 50 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 →Dominick Prevete places loans with some of the lenders listed here through wholesale relationships, and is paid when a loan he arranges closes. Appearing in this table is not an endorsement or a recommendation.
Counties near Manitowoc County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Manitowoc County |
|---|---|---|---|
| Sheboygan County, WI | 200 | 62 | Borders Manitowoc County |
| Brown County, WI | 384 | 77 | Borders Manitowoc County |
| Outagamie County, WI | 282 | 67 | About 45 miles away |
| Fond du Lac County, WI | 121 | 42 | About 55 miles away |
| Grand Traverse County, MI | 104 | 50 | About 105 miles away |
Run the coverage test on your Manitowoc County, Wisconsin deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Manitowoc County, Wisconsin 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 — Manitowoc County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 50 lenders and 186 loans: 2025 HMDA loan-level data rolled up to Manitowoc County.
- Manitowoc County investor-lender dataset (CSV) — All 25 lenders in the Manitowoc County, Wisconsin table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Manitowoc 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 Manitowoc County, WI.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Manitowoc 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.