DSCR Loans in Rapides Parish, Louisiana
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 33 lenders made 311 investment-property loans in Rapides Parish, 3.8% of Louisiana's total. Dominick Prevete arranges DSCR loans across Rapides Parish, Louisiana, 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 $210,000.
Rapides Parish investor market at a glance
| Statistic | Rapides Parish | Louisiana | County rank |
|---|---|---|---|
| Investor loans | 311 | 8,254 | 9th of 17 |
| Reporting lenders | 33 | 337 | 13th of 17 |
| Loan volume | $40.5M | $1.46B | 9th of 17 |
| Average loan | $130K | $177K | 13th of 17 |
| Median loan | $105K | $125K | 11th of 17 |
| Purchases | 52.1% | 47.7% | 7th of 17 |
| Cash-out refinances | 9.3% | 13.1% | 11th of 17 |
| 2–4 unit properties | 26.4% | 23.6% | 5th of 17 |
| Top five lenders' share | 77.2% | 16.0% | 2nd of 17 |
| Reported business-purpose | 35.7% | 46.3% | 13th of 17 |
Rapides Parish: closed-end loans on 1–4 unit investment properties. Rapides Parish's rank is highest first, among Louisiana's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Rapides Parish's investor loans.
What stands out in Rapides Parish
The five most active lenders wrote 77.2% of Rapides Parish's investor loans, the 2nd-highest share of Louisiana's 17 counties with published data (statewide: 16.0%).
Five lenders write 77.2% of the loans here, so comparing written term sheets matters more.
The median investor loan in Rapides Parish was $105K, the 4th-lowest median of Louisiana's 17 counties with published data (statewide: $125K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
Does a DSCR loan pencil in Rapides Parish?
At HUD's fair market rent of $1,341 for a 3-bedroom in Rapides Parish, Louisiana, a rental covers its full DSCR payment up to a purchase price of about $210,000, with 20% down at the 7.25% starting rate (November 2026). Rapides Parish's median home value is $181,100; at that price the payment is $1,147 a month, so the property would need $1,150 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) | $995 / $1,341 / $1,468 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $181,100 |
| Median property taxes and effective rate | $1,000 (0.55% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,147 |
| Rent needed to cover that payment | $1,150 |
| Coverage of a 3-bedroom at fair market rent | 1.17 |
| Highest price a 3-bedroom at fair market rent covers | about $210,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $310,000 |
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 Rapides Parish's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Rapides Parish?
The most active investment-property lenders in Rapides Parish in 2025 HMDA data were Southern Heritage Bank, The Evangeline Bank & Trust Company and Exchange Bank and Trust Company, out of 33 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.
Rapides Parish's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 311 loans and $40.5M from 33 lenders. Southern Heritage Bank led Rapides Parish with 107 loans, 34.4% of the county's total, and the average Rapides Parish loan of $130K compares with $177K across Louisiana.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Southern Heritage Bank | 107 | $13.8M | $129K | 44.9% |
| The Evangeline Bank & Trust Company | 63 | $5.4M | $86K | 57.1% |
| Exchange Bank and Trust Company | 39 | $5.5M | $140K | 64.1% |
| Red River Bank | 20 | $3.1M | $154K | 40.0% |
| Colfax Banking Company | 11 | $1.5M | $140K | 36.4% |
| BOM Bank | 7 | $1.1M | $158K | 85.7% |
| CLB The Community Bank | 7 | $0.6M | $84K | 71.4% |
| First Federal Bank of Louisiana | 6 | $1.4M | $242K | 16.7% |
| First Guaranty Bank | 6 | $0.4M | $65K | 50.0% |
| BPL MORTGAGE TRUST, LLC | 5 | $0.6M | $129K | 0.0% |
| HOMELAND BANCSHARES, INC. | 5 | $0.6M | $125K | 40.0% |
| AMWEST FUNDING CORP. | 4 | $0.7M | $163K | 100.0% |
| Cadence Bank | 4 | $0.6M | $138K | 25.0% |
| United Wholesale Mortgage | 4 | $0.4M | $98K | 75.0% |
| THE LOAN STORE, INC. | 2 | $0.7M | $360K | 100.0% |
| GUILD MORTGAGE COMPANY | 2 | $0.4M | $185K | 50.0% |
| LENDINGONE, LLC | 2 | $0.2M | $120K | 0.0% |
| Sabine State Bank and Trust Company | 2 | $0.2M | $85K | 100.0% |
| Commercial Capital Bank | 1 | $1.0M | $1025K | 0.0% |
| Origin Bank | 1 | $0.8M | $785K | 100.0% |
| Century Next Bank | 1 | $0.4M | $365K | 100.0% |
| DHI MORTGAGE COMPANY, LTD. | 1 | $0.2M | $205K | 100.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 1 | $0.2M | $155K | 100.0% |
| The Cottonport Bank | 1 | $0.1M | $125K | 0.0% |
| Fairway Independent Mortgage Corporation | 1 | $0.1M | $125K | 100.0% |
136 Louisiana loans (1.6%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Rapides Parish: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Rapides Parish CSV, all 25 lenders
What Rapides Parish's table can't show you: fit. Short-term financing is exempt from HMDA, so Rapides Parish's fix-and-flip and bridge lenders barely appear among its 33 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 Rapides Parish with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Rapides Parish |
|---|---|---|---|
| Lafayette Parish, LA | 542 | 95 | About 75 miles away |
| Calcasieu Parish, LA | 346 | 58 | About 85 miles away |
| Ouachita Parish, LA | 517 | 47 | About 90 miles away |
| East Baton Rouge Parish, LA | 999 | 150 | About 95 miles away |
Run the coverage test on your Rapides Parish, Louisiana deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Rapides Parish, Louisiana 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 — Rapides Parish's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 33 lenders and 311 loans: 2025 HMDA loan-level data rolled up to Rapides Parish.
- Rapides Parish investor-lender dataset (CSV) — All 25 lenders in the Rapides Parish, Louisiana table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Rapides Parish'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 Alexandria, LA MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Rapides Parish'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.