DSCR Loans in Skagit County, Washington
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 52 lenders made 129 investment-property loans in Skagit County, 1.3% of Washington's total. Dominick Prevete arranges DSCR loans across Skagit County, Washington, 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 $350,000.
Skagit County investor market at a glance
| Statistic | Skagit County | Washington | County rank |
|---|---|---|---|
| Investor loans | 129 | 9,950 | 13th of 17 |
| Reporting lenders | 52 | 382 | 13th of 17 |
| Loan volume | $51.2M | $4.66B | 11th of 17 |
| Average loan | $397K | $468K | 5th of 17 |
| Median loan | $365K | $395K | 6th of 17 |
| Purchases | 65.9% | 53.8% | 1st of 17 |
| Cash-out refinances | 16.3% | 18.8% | 14th of 17 |
| 2–4 unit properties | 14.7% | 13.9% | 11th of 17 |
| Top five lenders' share | 33.3% | 20.1% | 6th of 17 |
| Reported business-purpose | 70.5% | 74.8% | 14th of 17 |
Skagit County: closed-end loans on 1–4 unit investment properties. Skagit County's rank is highest first, among Washington's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Skagit County's investor loans.
What stands out in Skagit County
65.9% of Skagit County's investor loans were purchases, the highest share of Washington's 17 counties with published data (statewide: 53.8%).
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.
70.5% of Skagit County's investor loans were reported as business-purpose, the 4th-lowest share of Washington's 17 counties with published data (statewide: 74.8%).
Fewer investor loans here were reported as business-purpose than in most of Washington. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
16.3% of Skagit County's investor loans were cash-out refinances, the 4th-lowest share of Washington's 17 counties with published data (statewide: 18.8%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
Does a DSCR loan pencil in Skagit County?
At HUD's fair market rent of $2,310 for a 3-bedroom in Skagit County, Washington, a rental covers its full DSCR payment up to a purchase price of about $350,000, with 20% down at the 7.25% starting rate (November 2026). Skagit County's median home value is $545,100; at that price the payment is $3,561 a month, so the property would need $3,575 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) | $1,668 / $2,310 / $2,578 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $545,100 |
| Median property taxes and effective rate | $4,308 (0.79% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $3,561 |
| Rent needed to cover that payment | $3,575 |
| Coverage of a 3-bedroom at fair market rent | 0.65 |
| Highest price a 3-bedroom at fair market rent covers | about $350,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $510,000 |
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 Skagit County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Skagit County?
The most active investment-property lenders in Skagit County in 2025 HMDA data were Peoples Bank, Eastside Funding LLC and Banner Bank, out of 52 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.
Skagit County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 129 loans and $51.2M from 52 lenders. Peoples Bank led Skagit County with 12 loans, 9.3% of the county's total, and the average Skagit County loan of $397K compares with $468K across Washington.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Peoples Bank | 12 | $4.7M | $392K | 83.3% |
| Eastside Funding LLC | 12 | $2.8M | $230K | 75.0% |
| Banner Bank | 7 | $4.6M | $659K | 57.1% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | 6 | $2.8M | $462K | 66.7% |
| Rocket Mortgage, LLC | 6 | $2.0M | $337K | 50.0% |
| CMG MORTGAGE, INC. | 5 | $2.0M | $401K | 80.0% |
| GUILD MORTGAGE COMPANY | 5 | $1.8M | $365K | 40.0% |
| NEWREZ LLC | 4 | $2.1M | $538K | 75.0% |
| SaviBank | 4 | $1.8M | $458K | 75.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 4 | $1.6M | $400K | 50.0% |
| KIND LENDING, LLC | 4 | $1.3M | $335K | 25.0% |
| NFM, INC. | 4 | $1.3M | $330K | 50.0% |
| Citadel Servicing Corporation | 4 | $1.1M | $280K | 50.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 3 | $1.5M | $508K | 100.0% |
| THE LOAN STORE, INC. | 3 | $1.5M | $488K | 100.0% |
| PENNYMAC LOAN SERVICES, LLC | 3 | $1.3M | $435K | 33.3% |
| CROSSCOUNTRY MORTGAGE, INC. | 2 | $1.5M | $755K | 100.0% |
| NORTH COAST CREDIT UNION | 2 | $1.1M | $560K | 50.0% |
| CORNERSTONE CAPITAL BANK, SSB | 2 | $1.1M | $530K | 100.0% |
| U.S. Bank National Association | 2 | $0.7M | $355K | 100.0% |
| RAIN CITY CAPITAL, LLC | 2 | $0.7M | $335K | 0.0% |
| City Lending Inc. | 2 | $0.5M | $235K | 100.0% |
| Boeing Employees Credit Union | 2 | $0.4M | $195K | 50.0% |
| HOMEXPRESS MORTGAGE CORP. | 1 | $0.9M | $875K | 0.0% |
| Heritage Bank | 1 | $0.6M | $645K | 0.0% |
505 Washington loans (5.1%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Skagit County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Skagit County CSV, all 25 lenders
What Skagit County's table can't show you: fit. Short-term financing is exempt from HMDA, so Skagit County's fix-and-flip and bridge lenders barely appear among its 52 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 Skagit County, Washington deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Skagit County, Washington 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 — Skagit County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 52 lenders and 129 loans: 2025 HMDA loan-level data rolled up to Skagit County.
- Skagit County investor-lender dataset (CSV) — All 25 lenders in the Skagit County, Washington table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Skagit 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 Mount Vernon-Anacortes, WA MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Skagit 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.