DSCR Loans in New Hanover County, North Carolina
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, 154 lenders made 662 investment-property loans in New Hanover County, 3.1% of North Carolina's total. Dominick Prevete arranges DSCR loans across New Hanover County, North Carolina, 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 $350,000.
New Hanover County investor market at a glance
| Statistic | New Hanover County | North Carolina | County rank |
|---|---|---|---|
| Investor loans | 662 | 21,470 | 8th of 42 |
| Reporting lenders | 154 | 601 | 6th of 42 |
| Loan volume | $243.2M | $5.97B | 5th of 42 |
| Average loan | $367K | $278K | 9th of 42 |
| Median loan | $275K | $225K | 11th of 42 |
| Purchases | 70.1% | 64.5% | 13th of 42 |
| Cash-out refinances | 15.0% | 15.7% | 27th of 42 |
| 2–4 unit properties | 7.7% | 6.3% | 18th of 42 |
| Top five lenders' share | 25.5% | 23.4% | 40th of 42 |
| Reported business-purpose | 71.9% | 70.9% | 25th of 42 |
New Hanover County: closed-end loans on 1–4 unit investment properties. New Hanover County's rank is highest first, among North Carolina's counties with at least 100 investor loans and 25 reporting lenders. Shares are of New Hanover County's investor loans.
What stands out in New Hanover County
The five most active lenders wrote 25.5% of New Hanover County's investor loans, the 3rd-lowest share of North Carolina's 42 counties with published data (statewide: 23.4%).
Lending here is spread across many lenders; the best fit depends on the deal more than the lender's size.
The average investor loan in New Hanover County was $367K, the 9th-highest average of North Carolina's 42 counties with published data (statewide: $278K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
Does a DSCR loan pencil in New Hanover County?
At HUD's fair market rent of $2,238 for a 3-bedroom in New Hanover County, North Carolina, a rental covers its full DSCR payment up to a purchase price of about $350,000, with 20% down at the 7.25% starting rate (November 2026). New Hanover County's median home value is $387,800; at that price the payment is $2,453 a month, so the property would need $2,475 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) | $1,705 / $2,238 / $2,241 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $387,800 |
| Median property taxes and effective rate | $2,105 (0.54% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,453 |
| Rent needed to cover that payment | $2,475 |
| Coverage of a 3-bedroom at fair market rent | 0.91 |
| Highest price a 3-bedroom at fair market rent covers | about $350,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $535,000 |
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 Hanover County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in New Hanover County?
The most active investment-property lenders in New Hanover County in 2025 HMDA data were STATE EMPLOYEES'; Kiavi Funding, Inc.; and CROSSCOUNTRY MORTGAGE, INC., out of 154 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 New Hanover County, and matches each file to the one most likely to fund it.
New Hanover County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 662 loans and $243.2M from 154 lenders. STATE EMPLOYEES' led New Hanover County with 46 loans, 6.9% of the county's total, and the average New Hanover County loan of $367K compares with $278K across North Carolina.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| STATE EMPLOYEES' | 46 | $15.0M | $326K | 84.8% |
| Kiavi Funding, Inc. | 40 | $14.0M | $350K | 77.5% |
| CROSSCOUNTRY MORTGAGE, INC. | 37 | $14.3M | $387K | 83.8% |
| NEWREZ LLC | 26 | $9.4M | $362K | 46.2% |
| Rocket Mortgage, LLC | 20 | $7.1M | $354K | 75.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 18 | $5.0M | $277K | 61.1% |
| First Bank | 17 | $7.4M | $437K | 76.5% |
| First-Citizens Bank & Trust Company | 16 | $6.7M | $416K | 68.8% |
| Loansteady LLC | 15 | $3.8M | $254K | 86.7% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 14 | $4.5M | $321K | 92.9% |
| GUARANTEED RATE, INC. | 13 | $7.2M | $554K | 53.8% |
| North State Bank | 12 | $4.3M | $354K | 50.0% |
| CORNERSTONE CAPITAL BANK, SSB | 11 | $3.6M | $330K | 90.9% |
| PENNYMAC LOAN SERVICES, LLC | 10 | $4.8M | $478K | 80.0% |
| THE LOAN STORE, INC. | 10 | $3.7M | $373K | 70.0% |
| Integrity Home Mortgage Corporation | 10 | $2.8M | $275K | 70.0% |
| DEEPHAVEN MORTGAGE LLC | 10 | $2.6M | $259K | 80.0% |
| HOMEXPRESS MORTGAGE CORP. | 9 | $2.7M | $301K | 33.3% |
| Towne Bank | 8 | $6.4M | $801K | 62.5% |
| Alcova Mortgage LLC | 8 | $4.8M | $603K | 87.5% |
| DOMINION FINANCIAL SERVICES, LLC | 8 | $4.3M | $535K | 37.5% |
| American Security Mortgage Corp. | 8 | $3.1M | $383K | 75.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | 8 | $2.3M | $290K | 62.5% |
| Luminate Bank | 7 | $5.5M | $779K | 85.7% |
| Southern Bank and Trust Company | 7 | $4.3M | $615K | 100.0% |
846 North Carolina loans (3.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for New Hanover County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · New Hanover County CSV, all 25 lenders
What New Hanover County's table can't show you: fit. Short-term financing is exempt from HMDA, so New Hanover County's fix-and-flip and bridge lenders barely appear among its 154 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 New Hanover County, North Carolina deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a New Hanover County, North Carolina 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 Hanover County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 154 lenders and 662 loans: 2025 HMDA loan-level data rolled up to New Hanover County.
- New Hanover County investor-lender dataset (CSV) — All 25 lenders in the New Hanover County, North Carolina table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — New Hanover 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 Wilmington, NC HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — New Hanover 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.