DSCR Loans in Pierce County, Washington
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 169 lenders made 1,197 investment-property loans in Pierce County, 12.0% of Washington's total. Dominick Prevete arranges DSCR loans across Pierce County, Washington, 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 $425,000.
Pierce County investor market at a glance
| Statistic | Pierce County | Washington | County rank |
|---|---|---|---|
| Investor loans | 1,197 | 9,950 | 2nd of 17 |
| Reporting lenders | 169 | 382 | 2nd of 17 |
| Loan volume | $455.0M | $4.66B | 3rd of 17 |
| Average loan | $380K | $468K | 7th of 17 |
| Median loan | $365K | $395K | 6th of 17 |
| Purchases | 57.2% | 53.8% | 7th of 17 |
| Cash-out refinances | 17.5% | 18.8% | 13th of 17 |
| 2–4 unit properties | 15.9% | 13.9% | 9th of 17 |
| Top five lenders' share | 29.2% | 20.1% | 10th of 17 |
| Reported business-purpose | 75.4% | 74.8% | 8th of 17 |
Pierce County: closed-end loans on 1–4 unit investment properties. Pierce County's rank is highest first, among Washington's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Pierce County's investor loans.
What stands out in Pierce County
Pierce County's 1,197 investor loans ranked 2nd of Washington's 17 counties with published data.
Does a DSCR loan pencil in Pierce County?
At HUD's fair market rent of $2,849 for a 3-bedroom in Pierce County, Washington, a rental covers its full DSCR payment up to a purchase price of about $425,000, with 20% down at the 7.25% starting rate (November 2026). Pierce County's median home value is $526,600; at that price the payment is $3,491 a month, so the property would need $3,500 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) | $2,064 / $2,849 / $3,219 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $526,600 |
| Median property taxes and effective rate | $4,770 (0.91% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $3,491 |
| Rent needed to cover that payment | $3,500 |
| Coverage of a 3-bedroom at fair market rent | 0.82 |
| Highest price a 3-bedroom at fair market rent covers | about $425,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $620,000 |
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 Pierce County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Pierce County?
The most active investment-property lenders in Pierce County in 2025 HMDA data were Eastside Funding LLC; Kiavi Funding, Inc.; and THE LOAN STORE, INC., out of 169 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 Pierce County, and matches each file to the one most likely to fund it.
Pierce County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 1,197 loans and $455.0M from 169 lenders. Eastside Funding LLC led Pierce County with 164 loans, 13.7% of the county's total, and the average Pierce County loan of $380K compares with $468K across Washington.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Eastside Funding LLC | 164 | $38.9M | $237K | 70.1% |
| Kiavi Funding, Inc. | 49 | $21.1M | $430K | 93.9% |
| THE LOAN STORE, INC. | 49 | $20.7M | $423K | 40.8% |
| CROSSCOUNTRY MORTGAGE, INC. | 44 | $17.7M | $403K | 61.4% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 44 | $15.7M | $357K | 43.2% |
| PENNYMAC LOAN SERVICES, LLC | 42 | $17.5M | $418K | 59.5% |
| MOVEMENT MORTGAGE, LLC | 34 | $15.3M | $449K | 52.9% |
| MERCHANTS MORTGAGE & TRUST CORPORATION, LLC | 31 | $12.4M | $401K | 96.8% |
| NFM, INC. | 30 | $12.8M | $427K | 46.7% |
| Rocket Mortgage, LLC | 30 | $10.9M | $365K | 50.0% |
| CHAMPIONS FUNDING, LLC | 23 | $10.6M | $462K | 43.5% |
| GUILD MORTGAGE COMPANY | 20 | $8.3M | $413K | 70.0% |
| CONVENTUS LLC | 17 | $8.2M | $480K | 52.9% |
| CMG MORTGAGE, INC. | 17 | $7.7M | $452K | 82.4% |
| NEWREZ LLC | 16 | $8.4M | $524K | 62.5% |
| DHI MORTGAGE COMPANY, LTD. | 15 | $5.5M | $368K | 100.0% |
| Fairway Independent Mortgage Corporation | 14 | $6.4M | $457K | 85.7% |
| SAMMAMISH MORTGAGE COMPANY | 14 | $6.0M | $427K | 71.4% |
| LENNAR MORTGAGE, LLC | 14 | $5.6M | $403K | 100.0% |
| U.S. Bank National Association | 13 | $4.9M | $380K | 38.5% |
| KIND LENDING, LLC | 13 | $4.5M | $348K | 38.5% |
| A&D Mortgage LLC | 13 | $4.3M | $330K | 23.1% |
| JPMorgan Chase Bank, National Association | 12 | $5.1M | $423K | 66.7% |
| Hometown Equity Mortgage, LLC | 11 | $6.4M | $580K | 36.4% |
| Loandepot.Com, LLC | 11 | $4.9M | $447K | 45.5% |
505 Washington loans (5.1%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Pierce County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Pierce County CSV, all 25 lenders
What Pierce County's table can't show you: fit. Short-term financing is exempt from HMDA, so Pierce County's fix-and-flip and bridge lenders barely appear among its 169 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 Pierce County, Washington deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Pierce County, Washington 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 — Pierce County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 169 lenders and 1,197 loans: 2025 HMDA loan-level data rolled up to Pierce County.
- Pierce County investor-lender dataset (CSV) — All 25 lenders in the Pierce County, Washington table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Pierce 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 Tacoma, WA HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Pierce 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.