DSCR Loans in Sheboygan County, Wisconsin
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 62 lenders made 200 investment-property loans in Sheboygan County, 2.3% of Wisconsin's total. Dominick Prevete arranges DSCR loans across Sheboygan County, Wisconsin, 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 $195,000.
Sheboygan County investor market at a glance
| Statistic | Sheboygan County | Wisconsin | County rank |
|---|---|---|---|
| Investor loans | 200 | 8,874 | 11th of 17 |
| Reporting lenders | 62 | 462 | 11th of 17 |
| Loan volume | $37.6M | $1.96B | 13th of 17 |
| Average loan | $188K | $221K | 12th of 17 |
| Median loan | $165K | $175K | 9th of 17 |
| Purchases | 57.0% | 59.3% | 12th of 17 |
| Cash-out refinances | 12.0% | 16.9% | 11th of 17 |
| 2–4 unit properties | 50.0% | 41.0% | 2nd of 17 |
| Top five lenders' share | 44.0% | 14.2% | 7th of 17 |
| Reported business-purpose | 62.0% | 66.8% | 11th of 17 |
Sheboygan County: closed-end loans on 1–4 unit investment properties. Sheboygan County's rank is highest first, among Wisconsin's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Sheboygan County's investor loans.
What stands out in Sheboygan County
50.0% of Sheboygan County's investor loans financed a 2–4 unit property, the 2nd-highest share of Wisconsin's 17 counties with published data (statewide: 41.0%).
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.
Sheboygan County's 200 investor loans ranked 11th of Wisconsin's 17 counties with published data.
Does a DSCR loan pencil in Sheboygan County?
At HUD's fair market rent of $1,392 for a 3-bedroom in Sheboygan County, Wisconsin, a rental covers its full DSCR payment up to a purchase price of about $195,000, with 20% down at the 7.25% starting rate (November 2026). Sheboygan County's median home value is $232,700; at that price the payment is $1,637 a month, so the property would need $1,650 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) | $1,168 / $1,392 / $1,575 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $232,700 |
| Median property taxes and effective rate | $3,236 (1.39% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,637 |
| Rent needed to cover that payment | $1,650 |
| Coverage of a 3-bedroom at fair market rent | 0.85 |
| Highest price a 3-bedroom at fair market rent covers | about $195,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $330,000 |
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 Sheboygan County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Sheboygan County?
The most active investment-property lenders in Sheboygan County in 2025 HMDA data were Oostburg State Bank; Bank First, N.A.; and UNITEDONE Credit Union, out of 62 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 Sheboygan County, and matches each file to the one most likely to fund it.
Sheboygan County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 200 loans and $37.6M from 62 lenders. Oostburg State Bank led Sheboygan County with 25 loans, 12.5% of the county's total, and the average Sheboygan County loan of $188K compares with $221K across Wisconsin.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Oostburg State Bank | 25 | $4.3M | $174K | 52.0% |
| Bank First, N.A. | 23 | $4.0M | $175K | 87.0% |
| UNITEDONE Credit Union | 22 | $4.1M | $188K | 18.2% |
| Cleveland State Bank | 10 | $1.6M | $155K | 50.0% |
| National Exchange Bank and Trust | 8 | $1.5M | $184K | 62.5% |
| KOHLER CREDIT UNION | 8 | $0.8M | $95K | 25.0% |
| Collins State Bank | 7 | $2.5M | $359K | 100.0% |
| Cornerstone First Mortgage, Inc | 7 | $1.1M | $155K | 42.9% |
| Bank Five Nine | 5 | $0.9M | $189K | 100.0% |
| Summit Credit Union | 5 | $0.9M | $179K | 80.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 4 | $0.7M | $170K | 25.0% |
| UNION HOME MORTGAGE CORP. | 4 | $0.5M | $133K | 50.0% |
| Waldo State Bank | 3 | $1.1M | $358K | 100.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 3 | $1.0M | $335K | 33.3% |
| Hiawatha National Bank | 3 | $1.0M | $318K | 66.7% |
| SHORELINE CREDIT UNION | 3 | $0.9M | $315K | 0.0% |
| T2 FINANCIAL LLC | 3 | $0.6M | $205K | 33.3% |
| FORTE BANK | 3 | $0.5M | $182K | 0.0% |
| Rocket Mortgage, LLC | 3 | $0.4M | $125K | 100.0% |
| Bristol Morgan Bank | 2 | $0.4M | $200K | 100.0% |
| Servion, Inc. | 2 | $0.4M | $190K | 100.0% |
| PLAZA HOME MORTGAGE, INC. | 2 | $0.3M | $145K | 0.0% |
| FIRST STATE MORTGAGE SERVICES, LLC | 2 | $0.3M | $135K | 100.0% |
| Kiavi Funding, Inc. | 2 | $0.3M | $135K | 50.0% |
| Citizens State Bank | 2 | $0.3M | $130K | 0.0% |
154 Wisconsin loans (1.7%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Sheboygan County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Sheboygan County CSV, all 25 lenders
What Sheboygan County's table can't show you: fit. Short-term financing is exempt from HMDA, so Sheboygan County's fix-and-flip and bridge lenders barely appear among its 62 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 →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 Sheboygan County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Sheboygan County |
|---|---|---|---|
| Manitowoc County, WI | 186 | 50 | Borders Sheboygan County |
| Fond du Lac County, WI | 121 | 42 | Borders Sheboygan County |
| Washington County, WI | 118 | 54 | Borders Sheboygan County |
| Winnebago County, WI | 249 | 65 | About 50 miles away |
| Brown County, WI | 384 | 77 | About 50 miles away |
| Muskegon County, MI | 176 | 53 | About 70 miles away |
Run the coverage test on your Sheboygan County, Wisconsin deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Sheboygan County, Wisconsin 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 — Sheboygan County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 62 lenders and 200 loans: 2025 HMDA loan-level data rolled up to Sheboygan County.
- Sheboygan County investor-lender dataset (CSV) — All 25 lenders in the Sheboygan County, Wisconsin table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Sheboygan 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 Sheboygan, WI MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Sheboygan 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.