DSCR Loans in Michigan
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)
Dominick Prevete arranges DSCR loans across Michigan, qualified on the property's rent, not your tax returns. DSCR rental loans start from 7.125% (October 2026), and most close in 14 days. In 2025 HMDA data, 428 lenders made 12,400 investment-property loans in Michigan; the most active are in the table below.
Michigan investor market at a glance
| Statistic | Michigan | 26 states | State rank |
|---|---|---|---|
| Investor loans | 12,400 | 461,927 | 14th of 26 |
| Reporting lenders | 428 | 3,509 | 19th of 26 |
| Loan volume | $4.90B | $163.80B | 11th of 26 |
| Average loan | $395K | $355K | 7th of 26 |
| Median loan | $135K | — | 24th of 26 |
| Purchases | 56.1% | 58.8% | 21st of 26 |
| Cash-out refinances | 23.9% | 19.8% | 6th of 26 |
| 2–4 unit properties | 15.4% | 16.5% | 11th of 26 |
| Top five lenders' share | 40.3% | 22.1% | 1st of 26 |
| Reported business-purpose | 76.2% | 72.6% | 7th of 26 |
Michigan: closed-end loans on 1–4 unit investment properties. Rank is highest first among the 26 states with published data. The 26-state figures are totals for loans and volume, distinct filers for lenders, and loan-weighted averages for every share; a median does not combine across states.
What stands out in Michigan
The five most active lenders wrote 40.3% of Michigan's investor loans, the highest share of the 26 states with published data (26-state figure: 22.1%).
Five lenders write 40.3% of the loans here, so comparing written term sheets matters more.
23.9% of Michigan's investor loans were cash-out refinances, ranking 6th highest of the 26 states with published data (26-state figure: 19.8%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
Who are the DSCR and investment-property lenders in Michigan?
The most active investment-property lenders in Michigan in 2025 HMDA data were UNITED SHORE FINANCIAL SERVICES, LLC; Kiavi Funding, Inc.; and Rocket Mortgage, LLC, out of 428 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 Michigan, and matches each file to the one most likely to fund it.
Every year, lenders report their originations under the Home Mortgage Disclosure Act. We filtered Michigan's 2025 filings to closed-end loans on 1–4 unit investment properties: 12,400 loans totaling $4.90B across 428 lenders. These were the most active.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| UNITED SHORE FINANCIAL SERVICES, LLC | 2,307 | $331.6M | $144K | 57.9% |
| Kiavi Funding, Inc. | 1,128 | $183.3M | $163K | 58.8% |
| Rocket Mortgage, LLC | 577 | $96.5M | $167K | 56.0% |
| RCN Capital, LLC | 560 | $83.8M | $150K | 37.5% |
| BPL MORTGAGE TRUST, LLC | 431 | $44.4M | $103K | 39.2% |
| THE LOAN STORE, INC. | 275 | $51.1M | $186K | 67.3% |
| Loan Funder LLC | 221 | $40.6M | $184K | 44.3% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 217 | $28.6M | $132K | 15.2% |
| LEI:254900CTT87ZKAUTIJ37 | 210 | $32.7M | $156K | 81.0% |
| LAKE MICHIGAN CREDIT UNION | 171 | $38.9M | $227K | 79.5% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 156 | $25.7M | $165K | 27.6% |
| NEWREZ LLC | 141 | $26.4M | $187K | 53.9% |
| The Huntington National Bank | 140 | $27.2M | $194K | 62.1% |
| JPMorgan Chase Bank, National Association | 136 | $31.1M | $229K | 70.6% |
| Flagstar Bank, N.A. | 129 | $20.4M | $158K | 78.3% |
| STAUNTON FINANCIAL, INC. | 128 | $25.4M | $198K | 71.1% |
| AMERICAN HERITAGE LENDING, LLC | 124 | $20.1M | $162K | 36.3% |
| GUARANTEED RATE, INC. | 112 | $25.7M | $230K | 60.7% |
| Genisys Credit Union | 99 | $49.5M | $500K | 71.7% |
| DEEPHAVEN MORTGAGE LLC | 96 | $17.8M | $185K | 28.1% |
| CONSUMERS CREDIT UNION | 94 | $16.2M | $172K | 72.3% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | 92 | $28.7M | $312K | 58.7% |
| DOMINION FINANCIAL SERVICES, LLC | 92 | $15.6M | $170K | 53.3% |
| MORTGAGE 1 INCORPORATED | 90 | $15.2M | $169K | 58.9% |
| UNION HOME MORTGAGE CORP. | 87 | $16.2M | $186K | 80.5% |
Source: 2025 HMDA loan-level data (CFPB/FFIEC Data Browser), retrieved October 31, 2026. Updated annually. See how this data is built or download the full dataset (CSV) — all 428 reporting lenders with every underlying figure. Researching the market rather than financing a property? The Michigan lending data page covers this table on its own.
What this table can't show you: fit. HMDA exempts short-term financing, so fix-and-flip and bridge lenders barely appear here — and no federal dataset knows which lender's 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 Michigan deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Michigan 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 — Michigan's at-a-glance figures, its rank among the 26 states, its observations and the Quick Read's 428 lenders and 12,400 loans: 2025 HMDA loan-level data.
- Michigan investor-lender dataset (CSV) — Every Michigan lender behind the table above, with volume, average loan and purchase share for each.
- Michigan investor lending data, Dominick Prevete — The Michigan table on its own, with the state's concentration figures and the method behind them.
- DSCR loan rates, Dominick Prevete — DSCR rental loans start from 7.125%, as of October 2026: the Instant Term Sheet's best-case scenario on the current rate sheets.