DSCR Loans in 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)
Dominick Prevete arranges DSCR loans across 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. In 2025 HMDA data, 194 lenders made 1,548 investment-property loans in Rhode Island; the most active are in the table below, and 4 counties have their own page.
Rhode Island investor market at a glance
| Statistic | Rhode Island | National | State rank |
|---|---|---|---|
| Investor loans | 1,548 | 553,332 | 43rd of 51 |
| Reporting lenders | 194 | 4,120 | 45th of 51 |
| Loan volume | $689.3M | $190.57B | 39th of 51 |
| Average loan | $445K | $344K | 9th of 51 |
| Median loan | $395K | — | 6th of 51 |
| Purchases | 49.8% | 59.2% | 49th of 51 |
| Cash-out refinances | 31.2% | 18.8% | 1st of 51 |
| 2–4 unit properties | 55.2% | 17.3% | 1st of 51 |
| Top five lenders' share | 20.2% | 21.9% | 32nd of 51 |
| Reported business-purpose | 77.6% | 70.8% | 5th of 51 |
Rhode Island: closed-end loans on 1–4 unit investment properties. Rank is highest first among the 50 states and DC. The national figures are totals for loans and volume, distinct filers for lenders, and loan-weighted averages for every share; a median does not combine across states.
What stands out in Rhode Island
55.2% of Rhode Island's investor loans financed a 2–4 unit property, the highest share of the 50 states and DC (national figure: 17.3%).
2–4 unit properties are common here. A DSCR loan on a 2–4 unit property qualifies on the rent from all of its units.
31.2% of Rhode Island's investor loans were cash-out refinances, the highest share of the 50 states and DC (national figure: 18.8%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
49.8% of Rhode Island's investor loans were purchases, the 3rd-lowest share of the 50 states and DC (national figure: 59.2%).
Most investor loans here refinance property investors already own. A DSCR refinance qualifies on the property's current rent.
Who are the DSCR and investment-property lenders in Rhode Island?
The most active investment-property lenders in Rhode Island in 2025 HMDA data were RF RENOVO MANAGEMENT COMPANY, LLC; BAYCOAST MORTGAGE COMPANY, LLC; and NFM, INC., out of 194 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 Rhode Island, and matches each file to the one most likely to fund it.
Every year, lenders report their originations under the Home Mortgage Disclosure Act. We filtered Rhode Island's 2025 filings to closed-end loans on 1–4 unit investment properties: 1,548 loans totaling $0.69B across 194 lenders. These were the most active.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| RF RENOVO MANAGEMENT COMPANY, LLC | 97 | $57.1M | $589K | 81.4% |
| BAYCOAST MORTGAGE COMPANY, LLC | 61 | $26.7M | $437K | 60.7% |
| NFM, INC. | 56 | $23.2M | $415K | 33.9% |
| MOVEMENT MORTGAGE, LLC | 52 | $24.4M | $469K | 51.9% |
| Centreville Bank | 47 | $20.6M | $438K | 66.0% |
| BankNewport | 41 | $19.7M | $482K | 73.2% |
| ARC HOME LLC | 40 | $16.3M | $407K | 32.5% |
| United Wholesale Mortgage | 38 | $14.0M | $368K | 50.0% |
| CMG MORTGAGE, INC. | 36 | $16.7M | $463K | 47.2% |
| Rocket Mortgage, LLC | 36 | $10.5M | $291K | 30.6% |
| OCMBC, INC. | 32 | $12.4M | $389K | 28.1% |
| BPL MORTGAGE TRUST, LLC | 30 | $13.3M | $443K | 3.3% |
| GUARANTEED RATE, INC. | 28 | $15.3M | $546K | 75.0% |
| Loan Funder LLC | 27 | $12.2M | $451K | 40.7% |
| HOMEXPRESS MORTGAGE CORP. | 26 | $11.0M | $425K | 26.9% |
| CROSSCOUNTRY MORTGAGE, INC. | 26 | $10.3M | $398K | 73.1% |
| The Washington Trust Company, of Westerly | 25 | $7.6M | $303K | 72.0% |
| Fall River Five Cents Savings Bank | 24 | $10.2M | $425K | 37.5% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 23 | $9.7M | $421K | 17.4% |
| GUILD MORTGAGE COMPANY | 23 | $9.3M | $402K | 56.5% |
| AMERICAN HERITAGE LENDING, LLC | 23 | $8.3M | $362K | 21.7% |
| NAVIGANT CREDIT UNION | 22 | $7.7M | $350K | 45.5% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 20 | $8.3M | $414K | 75.0% |
| Leader Bank, National Association | 19 | $7.0M | $368K | 84.2% |
| CHAMPIONS FUNDING, LLC | 18 | $9.0M | $498K | 27.8% |
Source: 2025 HMDA loan-level data (CFPB/FFIEC Data Browser), retrieved November 11, 2026. Updated annually. See how this data is built or download the full dataset (CSV) — all 194 reporting lenders with every underlying figure. Researching the market rather than financing a property? The Rhode Island lending data page covers this table on its own.
What this table can't show you: fit. HMDA exempts short-term financing, so fix-and-flip and bridge lenders barely appear here — and no federal dataset knows which lender's 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.
DSCR loans by county in Rhode Island
Each county page compares the county's 2025 HMDA investor-lending figures with Rhode Island's and names its most active lenders. Counties are listed by investor loan count.
4 Rhode Island counties have their own page so far.
- Providence County925 loans
- Washington County195 loans
- Kent County188 loans
- Newport County161 loans
- Bristol County (fewer than 100 investor loans in 2025)67 loans
Run the coverage test on your Rhode Island deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a 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 — Rhode Island's at-a-glance figures, its rank among the 50 states and DC, its observations and the Quick Read's 194 lenders and 1,548 loans: 2025 HMDA loan-level data.
- Rhode Island investor-lender dataset (CSV) — Every Rhode Island lender behind the table above, with volume, average loan and purchase share for each.
- Rhode Island investor lending data, Dominick Prevete — The Rhode Island table on its own, with the state's concentration figures and the method behind them.
- 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.