DSCR Loans in Sangamon County, Illinois
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 65 lenders made 682 investment-property loans in Sangamon County, 3.6% of Illinois's total. Dominick Prevete arranges DSCR loans across Sangamon County, Illinois, 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 $215,000.
Sangamon County investor market at a glance
| Statistic | Sangamon County | Illinois | County rank |
|---|---|---|---|
| Investor loans | 682 | 19,010 | 6th of 20 |
| Reporting lenders | 65 | 610 | 13th of 20 |
| Loan volume | $82.1M | $5.59B | 8th of 20 |
| Average loan | $120K | $294K | 16th of 20 |
| Median loan | $95K | $175K | 16th of 20 |
| Purchases | 71.0% | 61.9% | 4th of 20 |
| Cash-out refinances | 4.7% | 18.5% | 20th of 20 |
| 2–4 unit properties | 21.7% | 22.4% | 10th of 20 |
| Top five lenders' share | 58.5% | 20.7% | 3rd of 20 |
| Reported business-purpose | 58.2% | 68.0% | 16th of 20 |
Sangamon County: closed-end loans on 1–4 unit investment properties. Sangamon County's rank is highest first, among Illinois's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Sangamon County's investor loans.
What stands out in Sangamon County
4.7% of Sangamon County's investor loans were cash-out refinances, the lowest share of Illinois's 20 counties with published data (statewide: 18.5%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
The five most active lenders wrote 58.5% of Sangamon County's investor loans, the 3rd-highest share of Illinois's 20 counties with published data (statewide: 20.7%).
Five lenders write 58.5% of the loans here, so comparing written term sheets matters more.
71.0% of Sangamon County's investor loans were purchases, the 4th-highest share of Illinois's 20 counties with published data (statewide: 61.9%).
Most investor loans here are purchases. A DSCR purchase qualifies on the property's rent, so you can get written terms before you make an offer with the Instant Term Sheet.
Does a DSCR loan pencil in Sangamon County?
At HUD's fair market rent of $1,631 for a 3-bedroom in Sangamon County, Illinois, a rental covers its full DSCR payment up to a purchase price of about $215,000, with 20% down at the 7.25% starting rate (November 2026). Sangamon County's median home value is $176,300; at that price the payment is $1,328 a month, so the property would need $1,350 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) | $1,237 / $1,631 / $1,728 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $176,300 |
| Median property taxes and effective rate | $3,512 (1.99% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,328 |
| Rent needed to cover that payment | $1,350 |
| Coverage of a 3-bedroom at fair market rent | 1.23 |
| Highest price a 3-bedroom at fair market rent covers | about $215,000 |
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 Sangamon County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Sangamon County?
The most active investment-property lenders in Sangamon County in 2025 HMDA data were Alliance Community Bank; INB, National Association; and Bank of Springfield, out of 65 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.
Sangamon County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 682 loans and $82.1M from 65 lenders. Alliance Community Bank led Sangamon County with 133 loans, 19.5% of the county's total, and the average Sangamon County loan of $120K compares with $294K across Illinois.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Alliance Community Bank | 133 | $16.3M | $122K | 91.7% |
| INB, National Association | 109 | $11.1M | $102K | 59.6% |
| Bank of Springfield | 69 | $7.8M | $113K | 63.8% |
| United Community Bank | 49 | $5.8M | $118K | 83.7% |
| Security Bank, s.b. | 39 | $4.6M | $119K | 53.8% |
| Carrollton Bank | 29 | $4.3M | $147K | 82.8% |
| Prairie State Bank and Trust | 26 | $3.2M | $123K | 80.8% |
| Warren-Boynton State Bank | 26 | $3.1M | $120K | 50.0% |
| Morton Community Bank | 24 | $3.4M | $143K | 87.5% |
| West Central Bank | 17 | $3.5M | $207K | 35.3% |
| Bank & Trust Company | 17 | $2.0M | $117K | 52.9% |
| CITIZENS EQUITY FIRST | 15 | $1.1M | $75K | 60.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 12 | $1.2M | $98K | 50.0% |
| Heartland Bank and Trust Company | 11 | $1.0M | $89K | 81.8% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | 10 | $1.1M | $107K | 40.0% |
| GUARANTEED RATE, INC. | 8 | $0.5M | $59K | 100.0% |
| Buena Vista National Bank | 6 | $1.1M | $188K | 50.0% |
| Williamsville State Bank & Trust | 6 | $0.8M | $132K | 66.7% |
| First Bankers Trust Company, National Association | 6 | $0.4M | $72K | 66.7% |
| HEARTLAND | 4 | $0.4M | $90K | 100.0% |
| Bank of Gibson City | 3 | $0.8M | $255K | 0.0% |
| Loan Funder LLC | 3 | $0.6M | $195K | 100.0% |
| CV3 FINANCIAL SERVICES, LLC | 3 | $0.4M | $122K | 100.0% |
| Hickory Point Bank and Trust | 3 | $0.3M | $112K | 100.0% |
| Tomo Mortgage, LLC | 3 | $0.3M | $85K | 100.0% |
388 Illinois loans (2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Sangamon County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Sangamon County CSV, all 25 lenders
What Sangamon County's table can't show you: fit. Short-term financing is exempt from HMDA, so Sangamon County's fix-and-flip and bridge lenders barely appear among its 65 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 →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 Sangamon County, Illinois deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Sangamon County, Illinois 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 — Sangamon County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 65 lenders and 682 loans: 2025 HMDA loan-level data rolled up to Sangamon County.
- Sangamon County investor-lender dataset (CSV) — All 25 lenders in the Sangamon County, Illinois table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Sangamon 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 Springfield, IL MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Sangamon 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.