DSCR Loans in Okaloosa County, Florida
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 156 lenders made 531 investment-property loans in Okaloosa County, 1.1% of Florida's total. Dominick Prevete arranges DSCR loans across Okaloosa County, Florida, 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 $410,000.
Okaloosa County investor market at a glance
| Statistic | Okaloosa County | Florida | County rank |
|---|---|---|---|
| Investor loans | 531 | 49,114 | 26th of 39 |
| Reporting lenders | 156 | 1,090 | 24th of 39 |
| Loan volume | $213.4M | $18.15B | 25th of 39 |
| Average loan | $402K | $370K | 9th of 39 |
| Median loan | $255K | $265K | 19th of 39 |
| Purchases | 68.2% | 64.1% | 14th of 39 |
| Cash-out refinances | 13.7% | 20.8% | 31st of 39 |
| 2–4 unit properties | 4.3% | 7.8% | 28th of 39 |
| Top five lenders' share | 30.7% | 23.8% | 15th of 39 |
| Reported business-purpose | 75.9% | 79.8% | 23rd of 39 |
Okaloosa County: closed-end loans on 1–4 unit investment properties. Okaloosa County's rank is highest first, among Florida's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Okaloosa County's investor loans.
What stands out in Okaloosa County
13.7% of Okaloosa County's investor loans were cash-out refinances, the 9th-lowest share of Florida's 39 counties with published data (statewide: 20.8%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
The average investor loan in Okaloosa County was $402K, the 9th-highest average of Florida's 39 counties with published data (statewide: $370K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
Does a DSCR loan pencil in Okaloosa County?
At HUD's fair market rent of $2,616 for a 3-bedroom in Okaloosa County, Florida, a rental covers its full DSCR payment up to a purchase price of about $410,000, with 20% down at the 7.25% starting rate (November 2026). Okaloosa County's median home value is $351,200; at that price the payment is $2,231 a month, so the property would need $2,250 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) | $1,908 / $2,616 / $3,189 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $351,200 |
| Median property taxes and effective rate | $2,011 (0.57% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,231 |
| Rent needed to cover that payment | $2,250 |
| Coverage of a 3-bedroom at fair market rent | 1.17 |
| Highest price a 3-bedroom at fair market rent covers | about $410,000 |
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 Okaloosa County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Okaloosa County?
The most active investment-property lenders in Okaloosa County in 2025 HMDA data were Kiavi Funding, Inc.; CROSSCOUNTRY MORTGAGE, INC.; and UNITED SHORE FINANCIAL SERVICES, LLC, out of 156 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 Okaloosa County, and matches each file to the one most likely to fund it.
Okaloosa County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 531 loans and $213.4M from 156 lenders. Kiavi Funding, Inc. led Okaloosa County with 52 loans, 9.8% of the county's total, and the average Okaloosa County loan of $402K compares with $370K across Florida.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 52 | $13.7M | $263K | 78.8% |
| CROSSCOUNTRY MORTGAGE, INC. | 38 | $17.0M | $448K | 94.7% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 35 | $8.9M | $254K | 60.0% |
| MOVEMENT MORTGAGE, LLC | 19 | $6.1M | $322K | 78.9% |
| Rocket Mortgage, LLC | 19 | $5.0M | $262K | 26.3% |
| Community Bank of Mississippi | 17 | $4.8M | $280K | 52.9% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 15 | $5.2M | $348K | 66.7% |
| LENDSURE MORTGAGE CORP. | 14 | $3.6M | $256K | 100.0% |
| Northpointe Bank | 13 | $3.3M | $255K | 84.6% |
| HOMEXPRESS MORTGAGE CORP. | 12 | $3.9M | $326K | 75.0% |
| Hometown Equity Mortgage, LLC | 11 | $4.6M | $418K | 54.5% |
| NEWREZ LLC | 11 | $4.1M | $369K | 72.7% |
| Trustmark National Bank | 9 | $3.6M | $402K | 100.0% |
| Waterstone Mortgage Corporation | 8 | $3.0M | $370K | 100.0% |
| Cadence Bank | 7 | $3.6M | $521K | 57.1% |
| PENNYMAC LOAN SERVICES, LLC | 6 | $2.1M | $358K | 33.3% |
| A&D Mortgage LLC | 6 | $1.6M | $258K | 100.0% |
| Loan Funder LLC | 5 | $2.3M | $469K | 20.0% |
| CHAMPIONS FUNDING, LLC | 5 | $2.2M | $439K | 60.0% |
| DEEPHAVEN MORTGAGE LLC | 5 | $1.5M | $297K | 60.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 5 | $1.0M | $193K | 100.0% |
| Emporium TPO LLC | 4 | $4.5M | $1120K | 0.0% |
| LIMA ONE CAPITAL, LLC | 4 | $3.8M | $948K | 75.0% |
| GUARANTEED RATE, INC. | 4 | $2.2M | $553K | 100.0% |
| THE LOAN STORE, INC. | 4 | $1.5M | $368K | 50.0% |
1,098 Florida loans (2.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Okaloosa County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Okaloosa County CSV, all 25 lenders
What Okaloosa County's table can't show you: fit. Short-term financing is exempt from HMDA, so Okaloosa County's fix-and-flip and bridge lenders barely appear among its 156 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 →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 Okaloosa County, Florida deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter an Okaloosa County, Florida 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 — Okaloosa County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 156 lenders and 531 loans: 2025 HMDA loan-level data rolled up to Okaloosa County.
- Okaloosa County investor-lender dataset (CSV) — All 25 lenders in the Okaloosa County, Florida table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Okaloosa 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 Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Okaloosa 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.