DSCR Loans in San Mateo County, California
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)
In 2025 HMDA data, 132 lenders made 818 investment-property loans in San Mateo County, 1.5% of California's total. Dominick Prevete arranges DSCR loans across San Mateo County, California, 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 $755,000.
San Mateo County investor market at a glance
| Statistic | San Mateo County | California | County rank |
|---|---|---|---|
| Investor loans | 818 | 54,410 | 16th of 39 |
| Reporting lenders | 132 | 630 | 16th of 39 |
| Loan volume | $940.4M | $37.12B | 9th of 39 |
| Average loan | $1,150K | $682K | 2nd of 39 |
| Median loan | $875K | $485K | 1st of 39 |
| Purchases | 48.5% | 51.1% | 28th of 39 |
| Cash-out refinances | 22.9% | 25.6% | 26th of 39 |
| 2–4 unit properties | 17.2% | 16.6% | 13th of 39 |
| Top five lenders' share | 35.2% | 23.2% | 10th of 39 |
| Reported business-purpose | 69.7% | 71.2% | 22nd of 39 |
San Mateo County: closed-end loans on 1–4 unit investment properties. San Mateo County's rank is highest first, among California's counties with at least 100 investor loans and 25 reporting lenders. Shares are of San Mateo County's investor loans.
What stands out in San Mateo County
The median investor loan in San Mateo County was $875K, the highest median of California's 39 counties with published data (statewide: $485K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
San Mateo County's 818 investor loans ranked 16th of California's 39 counties with published data.
Does a DSCR loan pencil in San Mateo County?
At HUD's fair market rent of $4,832 for a 3-bedroom in San Mateo County, California, a rental covers its full DSCR payment up to a purchase price of about $755,000, with 20% down at the 7.25% starting rate (November 2026). San Mateo County's median home value is $1,559,600; at that price the payment is $9,954 a month, so the property would need $9,975 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) | $3,697 / $4,832 / $5,439 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $1,559,600 |
| Median property taxes and effective rate | $9,519 (0.61% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $9,954 |
| Rent needed to cover that payment | $9,975 |
| Coverage of a 3-bedroom at fair market rent | 0.49 |
| Highest price a 3-bedroom at fair market rent covers | about $755,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $1,155,000 |
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 San Mateo County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in San Mateo County?
The most active investment-property lenders in San Mateo County in 2025 HMDA data were CONVENTUS LLC; General Mortgage Capital Corporation; and Rocket Mortgage, LLC, out of 132 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 one that reported in San Mateo County, and matches each file to the one most likely to fund it.
San Mateo County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 818 loans and $940.4M from 132 lenders. CONVENTUS LLC led San Mateo County with 117 loans, 14.3% of the county's total, and the average San Mateo County loan of $1150K compares with $682K across California.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| CONVENTUS LLC | 117 | $236.9M | $2025K | 82.1% |
| General Mortgage Capital Corporation | 48 | $39.0M | $813K | 45.8% |
| Rocket Mortgage, LLC | 48 | $30.1M | $628K | 35.4% |
| Kiavi Funding, Inc. | 43 | $68.1M | $1584K | 90.7% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 32 | $20.6M | $642K | 28.1% |
| East West Bank | 30 | $30.7M | $1022K | 40.0% |
| JPMorgan Chase Bank, National Association | 26 | $27.1M | $1042K | 46.2% |
| U.S. Bank National Association | 25 | $27.9M | $1117K | 32.0% |
| THE LOAN STORE, INC. | 24 | $16.5M | $686K | 20.8% |
| Wells Fargo Bank, National Association | 23 | $21.0M | $914K | 69.6% |
| NexBank | 16 | $13.6M | $849K | 31.2% |
| GOOGAIN, INC. | 16 | $12.2M | $760K | 18.8% |
| Genesis Capital, LLC | 13 | $37.4M | $2876K | 92.3% |
| Bank of America, National Association | 12 | $17.7M | $1474K | 16.7% |
| AMWEST FUNDING CORP. | 12 | $6.5M | $541K | 16.7% |
| Charles Schwab Bank, SSB | 11 | $12.7M | $1157K | 72.7% |
| Commerce Home Mortgage, Inc. | 9 | $9.3M | $1035K | 44.4% |
| HSBC BANK USA, NATIONAL ASSOCIATION | 9 | $9.0M | $995K | 22.2% |
| GUARANTEED RATE, INC. | 9 | $7.7M | $856K | 55.6% |
| Morgan Stanley Private Bank, National Association | 8 | $12.9M | $1615K | 37.5% |
| Fidelity Lending Solutions, Inc. | 8 | $7.2M | $904K | 62.5% |
| PENNYMAC LOAN SERVICES, LLC | 8 | $6.1M | $765K | 75.0% |
| Citadel Servicing Corporation | 8 | $5.3M | $659K | 37.5% |
| DEEPHAVEN MORTGAGE LLC | 8 | $3.9M | $491K | 0.0% |
| NEXERA HOLDING LLC | 7 | $7.2M | $1024K | 14.3% |
1,726 California loans (3.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for San Mateo County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · San Mateo County CSV, all 25 lenders
What San Mateo County's table can't show you: fit. Short-term financing is exempt from HMDA, so San Mateo County's fix-and-flip and bridge lenders barely appear among its 132 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 some 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 San Mateo County, California deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a San Mateo County, California 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 — San Mateo County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 132 lenders and 818 loans: 2025 HMDA loan-level data rolled up to San Mateo County.
- San Mateo County investor-lender dataset (CSV) — All 25 lenders in the San Mateo County, California table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — San Mateo 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 San Francisco, CA HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — San Mateo 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.