DSCR Loans in New Castle County, Delaware
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, 149 lenders made 1,037 investment-property loans in New Castle County, 57.1% of Delaware's total. Dominick Prevete arranges DSCR loans across New Castle County, Delaware, 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 $340,000.
New Castle County investor market at a glance
| Statistic | New Castle County | Delaware | County rank |
|---|---|---|---|
| Investor loans | 1,037 | 1,816 | 1st of 3 |
| Reporting lenders | 149 | 222 | 1st of 3 |
| Loan volume | $226.4M | $478.4M | 1st of 3 |
| Average loan | $218K | $263K | 3rd of 3 |
| Median loan | $195K | $215K | 3rd of 3 |
| Purchases | 54.2% | 59.4% | 3rd of 3 |
| Cash-out refinances | 30.9% | 24.3% | 1st of 3 |
| 2–4 unit properties | 12.2% | 9.4% | 1st of 3 |
| Top five lenders' share | 32.0% | 23.2% | 1st of 3 |
| Reported business-purpose | 78.0% | 74.8% | 1st of 3 |
New Castle County: closed-end loans on 1–4 unit investment properties. New Castle County's rank is highest first, among Delaware's counties with at least 100 investor loans and 25 reporting lenders. Shares are of New Castle County's investor loans.
What stands out in New Castle County
12.2% of New Castle County's investor loans financed a 2–4 unit property, the highest share of Delaware's 3 counties with published data (statewide: 9.4%).
2–4 unit properties are a larger share here than in most of Delaware. A DSCR loan on a 2–4 unit property qualifies on the rent from all of its units.
30.9% of New Castle County's investor loans were cash-out refinances, the highest share of Delaware's 3 counties with published data (statewide: 24.3%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
By share of investor loans reported as business-purpose, New Castle County ranks highest of Delaware's 3 counties with published data (statewide: 74.8%).
78.0% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
Does a DSCR loan pencil in New Castle County?
At HUD's fair market rent of $2,216 for a 3-bedroom in New Castle County, Delaware, a rental covers its full DSCR payment up to a purchase price of about $340,000, with 20% down at the 7.25% starting rate (November 2026). New Castle County's median home value is $352,200; at that price the payment is $2,277 a month, so the property would need $2,300 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) | $1,860 / $2,216 / $2,445 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $352,200 |
| Median property taxes and effective rate | $2,499 (0.71% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,277 |
| Rent needed to cover that payment | $2,300 |
| Coverage of a 3-bedroom at fair market rent | 0.97 |
| Highest price a 3-bedroom at fair market rent covers | about $340,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $575,000 |
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 New Castle County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in New Castle County?
The most active investment-property lenders in New Castle County in 2025 HMDA data were CONSTRUCTIVE LOANS, LLC; United Wholesale Mortgage; and PIKE CREEK MORTGAGE SERVICES, INC., out of 149 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 New Castle County, and matches each file to the one most likely to fund it.
New Castle County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 1,037 loans and $226.4M from 149 lenders. CONSTRUCTIVE LOANS, LLC led New Castle County with 131 loans, 12.6% of the county's total, and the average New Castle County loan of $218K compares with $263K across Delaware.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| CONSTRUCTIVE LOANS, LLC | 131 | $26.8M | $204K | 14.5% |
| United Wholesale Mortgage | 59 | $11.6M | $197K | 59.3% |
| PIKE CREEK MORTGAGE SERVICES, INC. | 57 | $11.1M | $194K | 82.5% |
| Kiavi Funding, Inc. | 46 | $10.7M | $232K | 89.1% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 39 | $8.3M | $213K | 76.9% |
| BPL MORTGAGE TRUST, LLC | 37 | $5.1M | $137K | 10.8% |
| Wilmington Savings Fund Society, FSB | 26 | $5.7M | $219K | 84.6% |
| CROSSCOUNTRY MORTGAGE, INC. | 25 | $5.7M | $230K | 76.0% |
| Rocket Mortgage, LLC | 25 | $5.0M | $201K | 56.0% |
| DEEPHAVEN MORTGAGE LLC | 20 | $4.2M | $208K | 15.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 19 | $4.1M | $216K | 21.1% |
| Loan Funder LLC | 18 | $3.5M | $195K | 50.0% |
| THE LOAN STORE, INC. | 16 | $3.5M | $217K | 87.5% |
| MERIDIAN BANK | 15 | $3.6M | $242K | 60.0% |
| AMWEST FUNDING CORP. | 15 | $3.0M | $199K | 73.3% |
| NATION ONE MORTGAGE CORPORATION | 13 | $3.0M | $232K | 30.8% |
| CHAMPIONS FUNDING, LLC | 13 | $3.0M | $227K | 0.0% |
| NVR Mortgage Finance, Inc. | 12 | $3.7M | $305K | 100.0% |
| First Citizens Community Bank | 11 | $5.3M | $486K | 63.6% |
| PENNYMAC LOAN SERVICES, LLC | 11 | $3.5M | $318K | 63.6% |
| NEXERA HOLDING LLC | 11 | $2.4M | $214K | 36.4% |
| HOMEXPRESS MORTGAGE CORP. | 11 | $2.2M | $200K | 45.5% |
| CV3 Financial Services, LLC | 11 | $1.6M | $149K | 90.9% |
| GUILD MORTGAGE COMPANY | 10 | $2.6M | $257K | 80.0% |
| Prosperity Home Mortgage, LLC | 10 | $2.2M | $217K | 70.0% |
83 Delaware loans (4.6%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for New Castle County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · New Castle County CSV, all 25 lenders
What New Castle County's table can't show you: fit. Short-term financing is exempt from HMDA, so New Castle County's fix-and-flip and bridge lenders barely appear among its 149 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 several 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 New Castle County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from New Castle County |
|---|---|---|---|
| Salem County, NJ | 175 | 53 | Borders New Castle County |
| Cecil County, MD | 124 | 58 | Borders New Castle County |
| Kent County, DE | 212 | 81 | Borders New Castle County |
| Chester County, PA | 651 | 146 | Borders New Castle County |
| Delaware County, PA | 1,099 | 164 | Borders New Castle County |
| Gloucester County, NJ | 602 | 129 | Borders New Castle County |
Run the coverage test on your New Castle County, Delaware deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a New Castle County, Delaware 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 — New Castle County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 149 lenders and 1,037 loans: 2025 HMDA loan-level data rolled up to New Castle County.
- New Castle County investor-lender dataset (CSV) — All 25 lenders in the New Castle County, Delaware table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — New Castle 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — New Castle 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.