DSCR Loans in Olmsted County, Minnesota
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 71 lenders made 248 investment-property loans in Olmsted County, 4.1% of Minnesota's total. Dominick Prevete arranges DSCR loans across Olmsted County, Minnesota, 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 $290,000.
Olmsted County investor market at a glance
| Statistic | Olmsted County | Minnesota | County rank |
|---|---|---|---|
| Investor loans | 248 | 5,990 | 7th of 13 |
| Reporting lenders | 71 | 406 | 7th of 13 |
| Loan volume | $61.7M | $1.51B | 6th of 13 |
| Average loan | $249K | $251K | 9th of 13 |
| Median loan | $205K | $215K | 9th of 13 |
| Purchases | 67.7% | 69.5% | 10th of 13 |
| Cash-out refinances | 7.7% | 9.0% | 6th of 13 |
| 2–4 unit properties | 21.8% | 17.8% | 4th of 13 |
| Top five lenders' share | 31.5% | 14.8% | 6th of 13 |
| Reported business-purpose | 39.5% | 50.7% | 10th of 13 |
Olmsted County: closed-end loans on 1–4 unit investment properties. Olmsted County's rank is highest first, among Minnesota's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Olmsted County's investor loans.
What stands out in Olmsted County
Olmsted County's 248 investor loans ranked 7th of Minnesota's 13 counties with published data.
Does a DSCR loan pencil in Olmsted County?
At HUD's fair market rent of $1,969 for a 3-bedroom in Olmsted County, Minnesota, a rental covers its full DSCR payment up to a purchase price of about $290,000, with 20% down at the 7.25% starting rate (November 2026). Olmsted County's median home value is $331,700; at that price the payment is $2,242 a month, so the property would need $2,250 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) | $1,422 / $1,969 / $2,377 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $331,700 |
| Median property taxes and effective rate | $3,525 (1.06% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,242 |
| Rent needed to cover that payment | $2,250 |
| Coverage of a 3-bedroom at fair market rent | 0.88 |
| Highest price a 3-bedroom at fair market rent covers | about $290,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $420,000 |
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 Olmsted County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Olmsted County?
The most active investment-property lenders in Olmsted County in 2025 HMDA data were Foresight Bank, Frandsen Bank & Trust and First Alliance Credit Union, out of 71 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 and matches each file to the one most likely to fund it.
Olmsted County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 248 loans and $61.7M from 71 lenders. Foresight Bank led Olmsted County with 19 loans, 7.7% of the county's total, and the average Olmsted County loan of $249K compares with $251K across Minnesota.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Foresight Bank | 19 | $5.2M | $274K | 89.5% |
| Frandsen Bank & Trust | 19 | $3.3M | $172K | 78.9% |
| First Alliance Credit Union | 15 | $2.7M | $180K | 13.3% |
| United Wholesale Mortgage | 13 | $2.5M | $194K | 84.6% |
| Eagle Rock Bank | 12 | $4.8M | $403K | 91.7% |
| First Security Bank | 11 | $4.9M | $448K | 63.6% |
| Peoples State Bank of Plainview | 11 | $1.9M | $176K | 45.5% |
| Sterling State Bank | 9 | $2.7M | $296K | 88.9% |
| Merchants Bank, National Association | 9 | $1.9M | $213K | 55.6% |
| Premier Bank Minnesota | 8 | $2.0M | $251K | 87.5% |
| F & M Community Bank, National Association | 8 | $1.7M | $215K | 75.0% |
| MANUFACTURERS BANK & TRUST COMPANY | 8 | $1.6M | $206K | 50.0% |
| Coulee Bank | 7 | $1.7M | $245K | 71.4% |
| Alerus Financial, National Association | 5 | $1.7M | $349K | 80.0% |
| THE LOAN STORE, INC. | 5 | $1.2M | $231K | 80.0% |
| Think Mutual Bank | 5 | $0.9M | $177K | 80.0% |
| ALTRA Federal Credit Union | 4 | $0.7M | $163K | 50.0% |
| Minnwest Bank | 3 | $0.9M | $298K | 33.3% |
| Loandepot.Com, LLC | 3 | $0.8M | $265K | 100.0% |
| Blaze Credit Union | 3 | $0.7M | $228K | 33.3% |
| LENDINGONE, LLC | 3 | $0.6M | $185K | 0.0% |
| Citizens State Bank of La Crosse | 2 | $1.9M | $960K | 100.0% |
| West Bank | 2 | $0.9M | $450K | 50.0% |
| Bell Bank | 2 | $0.7M | $335K | 100.0% |
| BETTER MORTGAGE CORPORATION | 2 | $0.7M | $330K | 100.0% |
40 Minnesota loans (0.7%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Olmsted County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Olmsted County CSV, all 25 lenders
What Olmsted County's table can't show you: fit. Short-term financing is exempt from HMDA, so Olmsted County's fix-and-flip and bridge lenders barely appear among its 71 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 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 Olmsted County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Olmsted County |
|---|---|---|---|
| Dakota County, MN | 421 | 129 | About 55 miles away |
| La Crosse County, WI | 250 | 49 | About 65 miles away |
| Scott County, MN | 120 | 71 | About 70 miles away |
| Eau Claire County, WI | 172 | 38 | About 75 miles away |
Run the coverage test on your Olmsted County, Minnesota deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter an Olmsted County, Minnesota 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 — Olmsted County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 71 lenders and 248 loans: 2025 HMDA loan-level data rolled up to Olmsted County.
- Olmsted County investor-lender dataset (CSV) — All 25 lenders in the Olmsted County, Minnesota table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Olmsted 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 Rochester, MN HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Olmsted 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.