DSCR Loans in Milwaukee County, Wisconsin
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)
In 2025 HMDA data, 203 lenders made 2,253 investment-property loans in Milwaukee County, 25.4% of Wisconsin's total. Dominick Prevete arranges DSCR loans across Milwaukee 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 $205,000.
Milwaukee County investor market at a glance
| Statistic | Milwaukee County | Wisconsin | County rank |
|---|---|---|---|
| Investor loans | 2,253 | 8,874 | 1st of 17 |
| Reporting lenders | 203 | 462 | 1st of 17 |
| Loan volume | $406.6M | $1.96B | 1st of 17 |
| Average loan | $180K | $221K | 13th of 17 |
| Median loan | $155K | $175K | 11th of 17 |
| Purchases | 54.3% | 59.3% | 15th of 17 |
| Cash-out refinances | 25.4% | 16.9% | 2nd of 17 |
| 2–4 unit properties | 56.3% | 41.0% | 1st of 17 |
| Top five lenders' share | 25.3% | 14.2% | 15th of 17 |
| Reported business-purpose | 78.1% | 66.8% | 3rd of 17 |
Milwaukee County: closed-end loans on 1–4 unit investment properties. Milwaukee County's rank is highest first, among Wisconsin's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Milwaukee County's investor loans.
What stands out in Milwaukee County
56.3% of Milwaukee County's investor loans financed a 2–4 unit property, the highest share of Wisconsin's 17 counties with published data (statewide: 41.0%).
2–4 unit properties are common here. A DSCR loan on a 2–4 unit property qualifies on the rent from all of its units.
25.4% of Milwaukee County's investor loans were cash-out refinances, the 2nd-highest share of Wisconsin's 17 counties with published data (statewide: 16.9%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
By share of investor loans reported as business-purpose, Milwaukee County ranks 3rd-highest of Wisconsin's 17 counties with published data (statewide: 66.8%).
78.1% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
Does a DSCR loan pencil in Milwaukee County?
At HUD's fair market rent of $1,553 for a 3-bedroom in Milwaukee County, Wisconsin, a rental covers its full DSCR payment up to a purchase price of about $205,000, with 20% down at the 7.25% starting rate (November 2026). Milwaukee County's median home value is $230,700; at that price the payment is $1,725 a month, so the property would need $1,750 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) | $1,263 / $1,553 / $1,664 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $230,700 |
| Median property taxes and effective rate | $4,444 (1.93% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,725 |
| Rent needed to cover that payment | $1,750 |
| Coverage of a 3-bedroom at fair market rent | 0.90 |
| Highest price a 3-bedroom at fair market rent covers | about $205,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $335,000 |
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 Milwaukee County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Milwaukee County?
The most active investment-property lenders in Milwaukee County in 2025 HMDA data were Kiavi Funding, Inc.; United Wholesale Mortgage; and Summit Credit Union, out of 203 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 Milwaukee County, and matches each file to the one most likely to fund it.
Milwaukee County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 2,253 loans and $406.6M from 203 lenders. Kiavi Funding, Inc. led Milwaukee County with 192 loans, 8.5% of the county's total, and the average Milwaukee County loan of $180K compares with $221K across Wisconsin.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 192 | $31.0M | $161K | 59.4% |
| United Wholesale Mortgage | 111 | $15.7M | $141K | 44.1% |
| Summit Credit Union | 105 | $18.9M | $180K | 45.7% |
| EDUCATORS CREDIT UNION | 82 | $16.5M | $201K | 32.9% |
| BPL MORTGAGE TRUST, LLC | 80 | $8.5M | $106K | 51.2% |
| T2 FINANCIAL LLC | 66 | $11.3M | $170K | 16.7% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 65 | $8.5M | $131K | 24.6% |
| Landmark Credit Union | 56 | $11.6M | $208K | 67.9% |
| AMERICAN HERITAGE LENDING, LLC | 53 | $7.7M | $146K | 52.8% |
| Nations Lending Corporation | 50 | $8.0M | $160K | 72.0% |
| Fairway Independent Mortgage Corporation | 46 | $9.4M | $205K | 73.9% |
| Ixonia Bank | 43 | $9.6M | $223K | 51.2% |
| HOMEXPRESS MORTGAGE CORP. | 42 | $7.5M | $178K | 9.5% |
| OCMBC, INC. | 39 | $7.1M | $182K | 76.9% |
| Loan Funder LLC | 36 | $5.8M | $161K | 58.3% |
| Rocket Mortgage, LLC | 35 | $5.8M | $165K | 60.0% |
| Peoples State Bank | 34 | $7.6M | $223K | 58.8% |
| CONSTRUCTIVE LOANS, LLC | 34 | $2.9M | $86K | 11.8% |
| Bank Five Nine | 31 | $6.6M | $214K | 67.7% |
| FIRST COLONY MORTGAGE CORPORATION | 29 | $6.1M | $209K | 69.0% |
| GUILD MORTGAGE COMPANY | 29 | $4.2M | $145K | 58.6% |
| DOMINION FINANCIAL SERVICES, LLC | 28 | $6.1M | $216K | 64.3% |
| University of Wisconsin Credit Union | 28 | $5.9M | $211K | 71.4% |
| A + MORTGAGE SERVICES, INC. | 26 | $5.8M | $222K | 80.8% |
| CV3 Financial Services, LLC | 26 | $3.5M | $133K | 92.3% |
154 Wisconsin loans (1.7%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Milwaukee County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Milwaukee County CSV, all 25 lenders
What Milwaukee County's table can't show you: fit. Short-term financing is exempt from HMDA, so Milwaukee County's fix-and-flip and bridge lenders barely appear among its 203 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 Milwaukee County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Milwaukee County |
|---|---|---|---|
| Racine County, WI | 375 | 107 | Borders Milwaukee County |
| Waukesha County, WI | 287 | 104 | Borders Milwaukee County |
| Ottawa County, MI | 155 | 55 | Borders Milwaukee County |
| Muskegon County, MI | 176 | 53 | Borders Milwaukee County |
| Washington County, WI | 118 | 54 | Borders Milwaukee County |
Run the coverage test on your Milwaukee County, Wisconsin deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Milwaukee 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 — Milwaukee County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 203 lenders and 2,253 loans: 2025 HMDA loan-level data rolled up to Milwaukee County.
- Milwaukee County investor-lender dataset (CSV) — All 25 lenders in the Milwaukee County, Wisconsin table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Milwaukee 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 Milwaukee-Waukesha, WI MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Milwaukee 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.