DSCR Loans in Newport County, Rhode Island
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, 68 lenders made 161 investment-property loans in Newport County, 10.4% of Rhode Island's total. Dominick Prevete arranges DSCR loans across Newport County, Rhode Island, 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 $500,000.
Newport County investor market at a glance
| Statistic | Newport County | Rhode Island | County rank |
|---|---|---|---|
| Investor loans | 161 | 1,548 | 4th of 4 |
| Reporting lenders | 68 | 194 | 4th of 4 |
| Loan volume | $117.1M | $689.3M | 2nd of 4 |
| Average loan | $728K | $445K | 1st of 4 |
| Median loan | $565K | $395K | 1st of 4 |
| Purchases | 52.8% | 49.8% | 2nd of 4 |
| Cash-out refinances | 25.5% | 31.2% | 3rd of 4 |
| 2–4 unit properties | 28.0% | 55.2% | 3rd of 4 |
| Top five lenders' share | 31.1% | 20.2% | 1st of 4 |
| Reported business-purpose | 75.2% | 77.6% | 3rd of 4 |
Newport County: closed-end loans on 1–4 unit investment properties. Newport County's rank is highest first, among Rhode Island's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Newport County's investor loans.
What stands out in Newport County
The average investor loan in Newport County was $728K, the highest average of Rhode Island's 4 counties with published data (statewide: $445K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
The five most active lenders wrote 31.1% of Newport County's investor loans, the highest share of Rhode Island's 4 counties with published data (statewide: 20.2%).
Five lenders write 31.1% of the loans here, so comparing written term sheets matters more.
Does a DSCR loan pencil in Newport County?
At HUD's fair market rent of $3,327 for a 3-bedroom in Newport County, Rhode Island, a rental covers its full DSCR payment up to a purchase price of about $500,000, with 20% down at the 7.25% starting rate (November 2026). Newport County's median home value is $609,700; at that price the payment is $4,033 a month, so the property would need $4,050 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) | $2,507 / $3,327 / $3,981 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $609,700 |
| Median property taxes and effective rate | $5,414 (0.89% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $4,033 |
| Rent needed to cover that payment | $4,050 |
| Coverage of a 3-bedroom at fair market rent | 0.83 |
| Highest price a 3-bedroom at fair market rent covers | about $500,000 |
| HUD area | Newport-Middleton-Portsmouth, RI HUD Metro FMR Area |
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 Newport County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Newport County?
The most active investment-property lenders in Newport County in 2025 HMDA data were BAYCOAST MORTGAGE COMPANY, LLC; GUARANTEED RATE, INC.; and RF RENOVO MANAGEMENT COMPANY, LLC, out of 68 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 Newport County, and matches each file to the one most likely to fund it.
Newport County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 161 loans and $117.1M from 68 lenders. BAYCOAST MORTGAGE COMPANY, LLC led Newport County with 12 loans, 7.5% of the county's total, and the average Newport County loan of $728K compares with $445K across Rhode Island.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| BAYCOAST MORTGAGE COMPANY, LLC | 12 | $7.0M | $587K | 33.3% |
| GUARANTEED RATE, INC. | 11 | $5.5M | $501K | 63.6% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 10 | $14.7M | $1470K | 80.0% |
| BankNewport | 10 | $6.7M | $666K | 90.0% |
| Rocket Mortgage, LLC | 7 | $2.8M | $399K | 57.1% |
| CMG MORTGAGE, INC. | 6 | $3.7M | $620K | 33.3% |
| MOVEMENT MORTGAGE, LLC | 5 | $4.0M | $807K | 80.0% |
| PENNYMAC LOAN SERVICES, LLC | 5 | $2.5M | $503K | 40.0% |
| TOTAL MORTGAGE SERVICES, LLC | 4 | $3.3M | $833K | 75.0% |
| Centreville Bank | 4 | $1.8M | $445K | 100.0% |
| CCG Fund 1, LLC | 3 | $5.2M | $1732K | 0.0% |
| Fall River Five Cents Savings Bank | 3 | $3.2M | $1078K | 0.0% |
| Loan Funder LLC | 3 | $2.9M | $952K | 33.3% |
| Emporium TPO LLC | 3 | $1.8M | $602K | 0.0% |
| bankESB | 3 | $1.6M | $522K | 66.7% |
| EMBRACE HOME LOANS, INC. | 3 | $1.5M | $508K | 33.3% |
| Home Loan Investment Bank, F.S.B. | 3 | $1.4M | $462K | 33.3% |
| GUILD MORTGAGE COMPANY | 3 | $1.3M | $442K | 66.7% |
| A&D Mortgage LLC | 2 | $6.0M | $2980K | 50.0% |
| GREENWOOD CREDIT UNION | 2 | $2.4M | $1205K | 50.0% |
| CHAMPIONS FUNDING, LLC | 2 | $2.0M | $1020K | 50.0% |
| HARBORONE MORTGAGE, LLC | 2 | $1.6M | $825K | 100.0% |
| T2 FINANCIAL LLC | 2 | $1.6M | $790K | 0.0% |
| JPMorgan Chase Bank, National Association | 2 | $1.1M | $550K | 100.0% |
| RADIUS FINANCIAL GROUP INC. | 2 | $1.0M | $495K | 0.0% |
12 Rhode Island loans (0.8%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Newport County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Newport County CSV, all 25 lenders
What Newport County's table can't show you: fit. Short-term financing is exempt from HMDA, so Newport County's fix-and-flip and bridge lenders barely appear among its 68 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 Newport County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Newport County |
|---|---|---|---|
| Washington County, RI | 195 | 82 | Borders Newport County |
| Bristol County, MA | 693 | 155 | Borders Newport County |
| Kent County, RI | 188 | 70 | Borders Newport County |
| Providence County, RI | 925 | 156 | About 30 miles away |
| Barnstable County, MA | 507 | 143 | About 60 miles away |
Run the coverage test on your Newport County, Rhode Island deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Newport County, Rhode Island 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 — Newport County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 68 lenders and 161 loans: 2025 HMDA loan-level data rolled up to Newport County.
- Newport County investor-lender dataset (CSV) — All 25 lenders in the Newport County, Rhode Island table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Newport 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 Newport-Middleton-Portsmouth, RI HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Newport 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.