DSCR Loans in Spokane County, Washington
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 118 lenders made 635 investment-property loans in Spokane County, 6.4% of Washington's total. Dominick Prevete arranges DSCR loans across Spokane 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 $310,000.
Spokane County investor market at a glance
| Statistic | Spokane County | Washington | County rank |
|---|---|---|---|
| Investor loans | 635 | 9,950 | 4th of 17 |
| Reporting lenders | 118 | 382 | 5th of 17 |
| Loan volume | $191.4M | $4.66B | 5th of 17 |
| Average loan | $301K | $468K | 14th of 17 |
| Median loan | $275K | $395K | 13th of 17 |
| Purchases | 55.0% | 53.8% | 10th of 17 |
| Cash-out refinances | 24.4% | 18.8% | 4th of 17 |
| 2–4 unit properties | 29.8% | 13.9% | 2nd of 17 |
| Top five lenders' share | 27.1% | 20.1% | 12th of 17 |
| Reported business-purpose | 76.9% | 74.8% | 4th of 17 |
Spokane County: closed-end loans on 1–4 unit investment properties. Spokane County's rank is highest first, among Washington's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Spokane County's investor loans.
What stands out in Spokane County
29.8% of Spokane County's investor loans financed a 2–4 unit property, the 2nd-highest share of Washington's 17 counties with published data (statewide: 13.9%).
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.
The average investor loan in Spokane County was $301K, the 4th-lowest average of Washington's 17 counties with published data (statewide: $468K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
24.4% of Spokane County's investor loans were cash-out refinances, the 4th-highest share of Washington's 17 counties with published data (statewide: 18.8%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
Does a DSCR loan pencil in Spokane County?
At HUD's fair market rent of $2,047 for a 3-bedroom in Spokane County, Washington, a rental covers its full DSCR payment up to a purchase price of about $310,000, with 20% down at the 7.25% starting rate (November 2026). Spokane County's median home value is $410,700; at that price the payment is $2,699 a month, so the property would need $2,700 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) | $1,494 / $2,047 / $2,497 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $410,700 |
| Median property taxes and effective rate | $3,434 (0.84% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,699 |
| Rent needed to cover that payment | $2,700 |
| Coverage of a 3-bedroom at fair market rent | 0.76 |
| Highest price a 3-bedroom at fair market rent covers | about $310,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $450,000 |
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 Spokane County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Spokane County?
The most active investment-property lenders in Spokane County in 2025 HMDA data were Sunflower Bank, National Association; UNITED SHORE FINANCIAL SERVICES, LLC; and Kiavi Funding, Inc., out of 118 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 Spokane County, and matches each file to the one most likely to fund it.
Spokane County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 635 loans and $191.4M from 118 lenders. Sunflower Bank, National Association led Spokane County with 40 loans, 6.3% of the county's total, and the average Spokane County loan of $301K compares with $468K across Washington.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Sunflower Bank, National Association | 40 | $14.9M | $373K | 72.5% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 40 | $12.4M | $311K | 47.5% |
| Kiavi Funding, Inc. | 35 | $8.9M | $256K | 82.9% |
| SPOKANE TEACHERS | 33 | $6.1M | $186K | 27.3% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 24 | $7.6M | $317K | 70.8% |
| Rocket Mortgage, LLC | 24 | $6.7M | $279K | 37.5% |
| GUARANTEED RATE, INC. | 21 | $6.7M | $321K | 42.9% |
| CMG MORTGAGE, INC. | 18 | $4.8M | $269K | 66.7% |
| Washington Trust Bank | 17 | $7.0M | $413K | 47.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 17 | $4.9M | $290K | 58.8% |
| DHI MORTGAGE COMPANY, LTD. | 16 | $4.3M | $269K | 100.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 14 | $4.6M | $326K | 57.1% |
| HOMEXPRESS MORTGAGE CORP. | 14 | $4.3M | $309K | 7.1% |
| JPMorgan Chase Bank, National Association | 13 | $3.9M | $301K | 76.9% |
| Glacier Bank | 11 | $5.0M | $455K | 72.7% |
| Boeing Employees Credit Union | 11 | $3.1M | $279K | 81.8% |
| KIND LENDING, LLC | 10 | $2.8M | $278K | 40.0% |
| NUMERICA CREDIT UNION | 9 | $2.5M | $283K | 33.3% |
| GUILD MORTGAGE COMPANY | 9 | $2.4M | $263K | 11.1% |
| CANOPY MORTGAGE, LLC | 9 | $2.2M | $242K | 55.6% |
| NEWREZ LLC | 8 | $3.0M | $381K | 50.0% |
| LEI:984500RF83EA742B5589 | 8 | $2.7M | $336K | 0.0% |
| IDAHO CENTRAL CREDIT UNION | 7 | $2.2M | $316K | 42.9% |
| NEXERA HOLDING LLC | 7 | $2.1M | $294K | 42.9% |
| PENNYMAC LOAN SERVICES, LLC | 7 | $1.8M | $255K | 85.7% |
505 Washington loans (5.1%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Spokane County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Spokane County CSV, all 25 lenders
What Spokane County's table can't show you: fit. Short-term financing is exempt from HMDA, so Spokane County's fix-and-flip and bridge lenders barely appear among its 118 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 Spokane County, Washington deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Spokane 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 — Spokane County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 118 lenders and 635 loans: 2025 HMDA loan-level data rolled up to Spokane County.
- Spokane County investor-lender dataset (CSV) — All 25 lenders in the Spokane County, Washington table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Spokane 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 Spokane, WA HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Spokane 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.