DSCR Loans in Minnesota
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 Minnesota, 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. In 2025 HMDA data, 406 lenders made 5,990 investment-property loans in Minnesota; the most active are in the table below, and 13 counties have their own page.
Minnesota investor market at a glance
| Statistic | Minnesota | National | State rank |
|---|---|---|---|
| Investor loans | 5,990 | 553,332 | 29th of 51 |
| Reporting lenders | 406 | 4,120 | 23rd of 51 |
| Loan volume | $1.51B | $190.57B | 32nd of 51 |
| Average loan | $251K | $344K | 34th of 51 |
| Median loan | $215K | — | 26th of 51 |
| Purchases | 69.5% | 59.2% | 1st of 51 |
| Cash-out refinances | 9.0% | 18.8% | 44th of 51 |
| 2–4 unit properties | 17.8% | 17.3% | 25th of 51 |
| Top five lenders' share | 14.8% | 21.9% | 49th of 51 |
| Reported business-purpose | 50.7% | 70.8% | 49th of 51 |
Minnesota: closed-end loans on 1–4 unit investment properties. Rank is highest first among the 50 states and DC. The national 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 Minnesota
69.5% of Minnesota's investor loans were purchases, the highest share of the 50 states and DC (national figure: 59.2%).
Most investor loans here are purchases. A DSCR purchase qualifies on the property's rent, so you can get written terms before you make an offer with the Instant Term Sheet.
50.7% of Minnesota's investor loans were reported as business-purpose, the 3rd-lowest share of the 50 states and DC (national figure: 70.8%).
Fewer investor loans here were reported as business-purpose than in most of the 50 states and DC. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
The five most active lenders wrote 14.8% of Minnesota's investor loans, the 3rd-lowest share of the 50 states and DC (national figure: 21.9%).
Lending here is spread across many lenders; the best fit depends on the deal more than the lender's size.
Who are the DSCR and investment-property lenders in Minnesota?
The most active investment-property lenders in Minnesota in 2025 HMDA data were Kiavi Funding, Inc.; United Wholesale Mortgage; and Bridgewater Bank, out of 406 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 Minnesota, 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 Minnesota's 2025 filings to closed-end loans on 1–4 unit investment properties: 5,990 loans totaling $1.51B across 406 lenders. These were the most active.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 245 | $64.0M | $261K | 89.0% |
| United Wholesale Mortgage | 234 | $53.5M | $229K | 59.0% |
| Bridgewater Bank | 149 | $45.9M | $308K | 91.3% |
| Bell Bank | 146 | $35.4M | $242K | 82.2% |
| Rocket Mortgage, LLC | 112 | $26.9M | $240K | 60.7% |
| Frandsen Bank & Trust | 108 | $23.9M | $222K | 67.6% |
| CROSSCOUNTRY MORTGAGE, INC. | 102 | $24.7M | $242K | 77.5% |
| PENNYMAC LOAN SERVICES, LLC | 101 | $31.6M | $313K | 77.2% |
| Coulee Bank | 94 | $21.3M | $227K | 95.7% |
| LENNAR MORTGAGE, LLC | 79 | $21.6M | $273K | 100.0% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 79 | $20.2M | $256K | 84.8% |
| Luminate Bank | 77 | $23.2M | $302K | 71.4% |
| Old National Bank | 71 | $17.1M | $241K | 36.6% |
| Granite Bank | 66 | $20.2M | $307K | 78.8% |
| Royal Credit Union | 64 | $17.5M | $274K | 59.4% |
| National Bank of Commerce | 63 | $12.9M | $205K | 46.0% |
| TRUSTONE FINANCIAL CREDIT UNION | 62 | $10.7M | $173K | 37.1% |
| Merchants Bank, National Association | 60 | $12.9M | $215K | 60.0% |
| MAGNIFI FINANCIAL CREDIT UNION | 59 | $14.1M | $240K | 44.1% |
| U.S. Bank National Association | 58 | $13.7M | $237K | 72.4% |
| HomeTown Bank | 53 | $15.8M | $297K | 64.2% |
| THE LOAN STORE, INC. | 53 | $14.4M | $273K | 52.8% |
| Sunrise Banks, National Association | 53 | $9.9M | $187K | 88.7% |
| Security Bank & Trust Company | 49 | $15.0M | $306K | 57.1% |
| Alerus Financial, National Association | 49 | $12.0M | $245K | 77.6% |
Source: 2025 HMDA loan-level data (CFPB/FFIEC Data Browser), retrieved November 11, 2026. Updated annually. See how this data is built or download the full dataset (CSV) — all 406 reporting lenders with every underlying figure. Researching the market rather than financing a property? The Minnesota 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 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.
DSCR loans by county in Minnesota
Each county page compares the county's 2025 HMDA investor-lending figures with Minnesota's and names its most active lenders. Counties are listed by investor loan count.
13 Minnesota counties have their own page so far.
- Hennepin County1,532 loans
- Ramsey County583 loans
- Dakota County421 loans
- Anoka County306 loans
- St. Louis County283 loans
- Washington County271 loans
- Olmsted County248 loans
- Stearns County156 loans
- Clay County126 loans
- Scott County120 loans
- Blue Earth County107 loans
- Crow Wing County105 loans
- Wright County103 loans
- Carver County (fewer than 100 investor loans in 2025)98 loans
- Winona County (fewer than 100 investor loans in 2025)71 loans
- Sherburne County (fewer than 100 investor loans in 2025)62 loans
- Rice County (fewer than 100 investor loans in 2025)57 loans
- Mower County (fewer than 100 investor loans in 2025)53 loans
- Otter Tail County (fewer than 100 investor loans in 2025)53 loans
- Cass County (fewer than 100 investor loans in 2025)49 loans
- Mille Lacs County (fewer than 100 investor loans in 2025)49 loans
- Becker County (fewer than 100 investor loans in 2025)45 loans
- Isanti County (fewer than 100 investor loans in 2025)42 loans
- Carlton County (fewer than 100 investor loans in 2025)38 loans
- Chisago County (fewer than 100 investor loans in 2025)38 loans
- Goodhue County (fewer than 100 investor loans in 2025)38 loans
- Benton County (fewer than 100 investor loans in 2025)37 loans
- Nicollet County (fewer than 100 investor loans in 2025)35 loans
- McLeod County (fewer than 100 investor loans in 2025)34 loans
- Kandiyohi County (fewer than 100 investor loans in 2025)33 loans
- Douglas County (fewer than 100 investor loans in 2025)32 loans
- Freeborn County (fewer than 100 investor loans in 2025)32 loans
- Steele County (fewer than 100 investor loans in 2025)31 loans
- Le Sueur County (fewer than 100 investor loans in 2025)30 loans
- Polk County (fewer than 100 investor loans in 2025)30 loans
- Meeker County (fewer than 100 investor loans in 2025)27 loans
- Morrison County (fewer than 100 investor loans in 2025)26 loans
- Brown County (fewer than 100 investor loans in 2025)25 loans
- Itasca County (fewer than 100 investor loans in 2025)25 loans
- Nobles County (fewer than 100 investor loans in 2025)25 loans
- Houston County (fewer than 100 investor loans in 2025)24 loans
- Pine County (fewer than 100 investor loans in 2025)24 loans
- Todd County (fewer than 100 investor loans in 2025)23 loans
- Cook County (fewer than 100 investor loans in 2025)21 loans
- Beltrami County (fewer than 100 investor loans in 2025)20 loans
- Fillmore County (fewer than 100 investor loans in 2025)19 loans
- Lyon County (fewer than 100 investor loans in 2025)19 loans
- Pennington County (fewer than 100 investor loans in 2025)18 loans
- Hubbard County (fewer than 100 investor loans in 2025)16 loans
- Pipestone County (fewer than 100 investor loans in 2025)16 loans
- Wabasha County (fewer than 100 investor loans in 2025)16 loans
- Lake County (fewer than 100 investor loans in 2025)15 loans
- Martin County (fewer than 100 investor loans in 2025)15 loans
- Renville County (fewer than 100 investor loans in 2025)15 loans
- Dodge County (fewer than 100 investor loans in 2025)14 loans
- Sibley County (fewer than 100 investor loans in 2025)14 loans
- Waseca County (fewer than 100 investor loans in 2025)14 loans
- Rock County (fewer than 100 investor loans in 2025)12 loans
- Kanabec County (fewer than 100 investor loans in 2025)11 loans
- Wadena County (fewer than 100 investor loans in 2025)11 loans
- Aitkin County (fewer than 100 investor loans in 2025)10 loans
- Watonwan County (fewer than 100 investor loans in 2025)10 loans
- Faribault County (fewer than 100 investor loans in 2025)9 loans
- Big Stone County (fewer than 100 investor loans in 2025)8 loans
- Pope County (fewer than 100 investor loans in 2025)8 loans
- Redwood County (fewer than 100 investor loans in 2025)8 loans
- Cottonwood County (fewer than 100 investor loans in 2025)7 loans
- Lake of the Woods County (fewer than 100 investor loans in 2025)7 loans
- Koochiching County (fewer than 100 investor loans in 2025)6 loans
- Stevens County (fewer than 100 investor loans in 2025)6 loans
- Swift County (fewer than 100 investor loans in 2025)6 loans
- Yellow Medicine County (fewer than 100 investor loans in 2025)6 loans
- Clearwater County (fewer than 100 investor loans in 2025)5 loans
- Grant County (fewer than 100 investor loans in 2025)5 loans
- Mahnomen County (fewer than 100 investor loans in 2025)5 loans
- Murray County (fewer than 100 investor loans in 2025)5 loans
- Chippewa County (fewer than 100 investor loans in 2025)4 loans
- Jackson County (fewer than 100 investor loans in 2025)4 loans
- Lincoln County (fewer than 100 investor loans in 2025)3 loans
- Roseau County (fewer than 100 investor loans in 2025)3 loans
- Kittson County (fewer than 100 investor loans in 2025)2 loans
- Lac qui Parle County (fewer than 100 investor loans in 2025)2 loans
- Marshall County (fewer than 100 investor loans in 2025)2 loans
- Norman County (fewer than 100 investor loans in 2025)2 loans
- Wilkin County (fewer than 100 investor loans in 2025)2 loans
- Red Lake County (fewer than 100 investor loans in 2025)1 loans
- Traverse County (fewer than 100 investor loans in 2025)1 loans
Run the coverage test on your Minnesota deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Minnesota 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 — Minnesota's at-a-glance figures, its rank among the 50 states and DC, its observations and the Quick Read's 406 lenders and 5,990 loans: 2025 HMDA loan-level data.
- Minnesota investor-lender dataset (CSV) — Every Minnesota lender behind the table above, with volume, average loan and purchase share for each.
- Minnesota investor lending data, Dominick Prevete — The Minnesota 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 7.25%, as of November 2026: the Instant Term Sheet's best-case scenario on the current rate sheets.