DSCR Loans in Muskegon County, Michigan
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 53 lenders made 176 investment-property loans in Muskegon County, 1.4% of Michigan's total. Dominick Prevete arranges DSCR loans across Muskegon County, Michigan, 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 $220,000.
Muskegon County investor market at a glance
| Statistic | Muskegon County | Michigan | County rank |
|---|---|---|---|
| Investor loans | 176 | 12,400 | 11th of 16 |
| Reporting lenders | 53 | 428 | 12th of 16 |
| Loan volume | $28.7M | $4.90B | 13th of 16 |
| Average loan | $163K | $395K | 10th of 16 |
| Median loan | $135K | $135K | 9th of 16 |
| Purchases | 50.0% | 56.1% | 14th of 16 |
| Cash-out refinances | 26.7% | 23.9% | 3rd of 16 |
| 2–4 unit properties | 26.1% | 15.4% | 6th of 16 |
| Top five lenders' share | 38.6% | 40.3% | 11th of 16 |
| Reported business-purpose | 61.9% | 76.2% | 12th of 16 |
Muskegon County: closed-end loans on 1–4 unit investment properties. Muskegon County's rank is highest first, among Michigan's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Muskegon County's investor loans.
What stands out in Muskegon County
50.0% of Muskegon County's investor loans were purchases, the 3rd-lowest share of Michigan's 16 counties with published data (statewide: 56.1%).
Refinances are a larger share here than in most of Michigan. A DSCR refinance qualifies on the property's current rent.
26.7% of Muskegon County's investor loans were cash-out refinances, the 3rd-highest share of Michigan's 16 counties with published data (statewide: 23.9%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
Does a DSCR loan pencil in Muskegon County?
At HUD's fair market rent of $1,534 for a 3-bedroom in Muskegon County, Michigan, a rental covers its full DSCR payment up to a purchase price of about $220,000, with 20% down at the 7.25% starting rate (November 2026). Muskegon County's median home value is $198,300; at that price the payment is $1,360 a month, so the property would need $1,375 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) | $1,285 / $1,534 / $1,689 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $198,300 |
| Median property taxes and effective rate | $2,348 (1.18% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,360 |
| Rent needed to cover that payment | $1,375 |
| Coverage of a 3-bedroom at fair market rent | 1.13 |
| Highest price a 3-bedroom at fair market rent covers | about $220,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $370,000 |
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 Muskegon County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Muskegon County?
The most active investment-property lenders in Muskegon County in 2025 HMDA data were UNITED SHORE FINANCIAL SERVICES, LLC; Kiavi Funding, Inc.; and The Shelby State Bank, out of 53 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 one that reported in Muskegon County, and matches each file to the one most likely to fund it.
Muskegon County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 176 loans and $28.7M from 53 lenders. UNITED SHORE FINANCIAL SERVICES, LLC led Muskegon County with 22 loans, 12.5% of the county's total, and the average Muskegon County loan of $163K compares with $395K across Michigan.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| UNITED SHORE FINANCIAL SERVICES, LLC | 22 | $2.4M | $107K | 68.2% |
| Kiavi Funding, Inc. | 20 | $3.1M | $156K | 70.0% |
| The Shelby State Bank | 9 | $1.8M | $201K | 22.2% |
| MORTGAGE 1 INCORPORATED | 9 | $1.4M | $151K | 55.6% |
| United Bank of Michigan | 8 | $1.8M | $228K | 100.0% |
| LAKE MICHIGAN CREDIT UNION | 8 | $1.5M | $183K | 62.5% |
| Loan Funder LLC | 7 | $0.8M | $118K | 57.1% |
| Rocket Mortgage, LLC | 6 | $1.2M | $197K | 83.3% |
| VAN DYK MORTGAGE CORPORATION | 6 | $1.1M | $178K | 33.3% |
| DEEPHAVEN MORTGAGE LLC | 5 | $0.5M | $101K | 0.0% |
| The Huntington National Bank | 5 | $0.4M | $89K | 80.0% |
| CONSUMERS CREDIT UNION | 4 | $0.7M | $178K | 75.0% |
| ChoiceOne Bank | 4 | $0.7M | $173K | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | 4 | $0.4M | $103K | 0.0% |
| Adventure Credit Union | 4 | $0.4M | $100K | 25.0% |
| BPL MORTGAGE TRUST, LLC | 4 | $0.3M | $75K | 0.0% |
| LEI:254900UYC52VIJUZ5X82 | 3 | $2.2M | $722K | 33.3% |
| PENNYMAC LOAN SERVICES, LLC | 3 | $0.7M | $248K | 0.0% |
| LENDINGONE, LLC | 3 | $0.6M | $208K | 33.3% |
| NATIONSTAR MORTGAGE LLC | 2 | $0.4M | $195K | 50.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 2 | $0.4M | $190K | 50.0% |
| TOWNE MORTGAGE COMPANY | 2 | $0.4M | $190K | 100.0% |
| UNION HOME MORTGAGE CORP. | 2 | $0.3M | $165K | 0.0% |
| Mercantile Bank | 2 | $0.3M | $165K | 50.0% |
| Citadel Servicing Corporation | 2 | $0.3M | $140K | 50.0% |
763 Michigan loans (6.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Muskegon County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Muskegon County CSV, all 25 lenders
What Muskegon County's table can't show you: fit. Short-term financing is exempt from HMDA, so Muskegon County's fix-and-flip and bridge lenders barely appear among its 53 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 Muskegon County, Michigan deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Muskegon County, 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 — Muskegon County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 53 lenders and 176 loans: 2025 HMDA loan-level data rolled up to Muskegon County.
- Muskegon County investor-lender dataset (CSV) — All 25 lenders in the Muskegon County, Michigan table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Muskegon 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 Muskegon-Norton Shores, MI MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Muskegon 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.