DSCR Loans in St. Clair County, Michigan
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 53 lenders made 126 investment-property loans in St. Clair County, 1.0% of Michigan's total. Dominick Prevete arranges DSCR loans across St. Clair County, Michigan, 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 $260,000.
St. Clair County investor market at a glance
| Statistic | St. Clair County | Michigan | County rank |
|---|---|---|---|
| Investor loans | 126 | 12,400 | 13th of 16 |
| Reporting lenders | 53 | 428 | 12th of 16 |
| Loan volume | $19.4M | $4.90B | 15th of 16 |
| Average loan | $154K | $395K | 11th of 16 |
| Median loan | $125K | $135K | 11th of 16 |
| Purchases | 63.5% | 56.1% | 3rd of 16 |
| Cash-out refinances | 19.8% | 23.9% | 9th of 16 |
| 2–4 unit properties | 28.6% | 15.4% | 3rd of 16 |
| Top five lenders' share | 38.9% | 40.3% | 9th of 16 |
| Reported business-purpose | 67.5% | 76.2% | 7th of 16 |
St. Clair County: closed-end loans on 1–4 unit investment properties. St. Clair County's rank is highest first, among Michigan's counties with at least 100 investor loans and 25 reporting lenders. Shares are of St. Clair County's investor loans.
What stands out in St. Clair County
28.6% of St. Clair County's investor loans financed a 2–4 unit property, the 3rd-highest share of Michigan's 16 counties with published data (statewide: 15.4%).
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.
63.5% of St. Clair County's investor loans were purchases, the 3rd-highest share of Michigan's 16 counties with published data (statewide: 56.1%).
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 St. Clair County?
At HUD's fair market rent of $1,777 for a 3-bedroom in St. Clair County, Michigan, a rental covers its full DSCR payment up to a purchase price of about $260,000, with 20% down at the 7.25% starting rate (November 2026). St. Clair County's median home value is $224,600; at that price the payment is $1,533 a month, so the property would need $1,550 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) | $1,459 / $1,777 / $1,929 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $224,600 |
| Median property taxes and effective rate | $2,562 (1.14% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,533 |
| Rent needed to cover that payment | $1,550 |
| Coverage of a 3-bedroom at fair market rent | 1.16 |
| Highest price a 3-bedroom at fair market rent covers | about $260,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $425,000 |
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 St. Clair County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in St. Clair County?
The most active investment-property lenders in St. Clair County in 2025 HMDA data were UNITED SHORE FINANCIAL SERVICES, LLC; ChoiceOne Bank; and Eastern Michigan Bank, out of 53 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.
St. Clair County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 126 loans and $19.4M from 53 lenders. UNITED SHORE FINANCIAL SERVICES, LLC led St. Clair County with 23 loans, 18.3% of the county's total, and the average St. Clair County loan of $154K compares with $395K across Michigan.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| UNITED SHORE FINANCIAL SERVICES, LLC | 23 | $3.1M | $135K | 65.2% |
| ChoiceOne Bank | 8 | $1.4M | $173K | 62.5% |
| Eastern Michigan Bank | 8 | $1.0M | $130K | 62.5% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 5 | $1.2M | $249K | 20.0% |
| DOMINION FINANCIAL SERVICES, LLC | 5 | $0.7M | $145K | 80.0% |
| Tri-County Bank | 4 | $0.9M | $223K | 25.0% |
| UNION HOME MORTGAGE CORP. | 4 | $0.8M | $200K | 100.0% |
| THE LOAN STORE, INC. | 3 | $0.7M | $245K | 66.7% |
| Rocket Mortgage, LLC | 3 | $0.6M | $195K | 33.3% |
| EVERETT FINANCIAL, INC. | 3 | $0.4M | $148K | 66.7% |
| AMERICAN HERITAGE LENDING, LLC | 3 | $0.4M | $132K | 0.0% |
| MICHIGAN MUTUAL, INC. | 3 | $0.4M | $122K | 66.7% |
| BPL MORTGAGE TRUST, LLC | 3 | $0.4M | $118K | 0.0% |
| Northstar Bank | 3 | $0.2M | $82K | 66.7% |
| JPMorgan Chase Bank, National Association | 2 | $0.5M | $250K | 100.0% |
| Citizens Bank, National Association | 2 | $0.5M | $240K | 100.0% |
| CMG MORTGAGE, INC. | 2 | $0.3M | $140K | 50.0% |
| The Huntington National Bank | 2 | $0.2M | $120K | 100.0% |
| Commerce Home Mortgage, Inc. | 2 | $0.2M | $120K | 100.0% |
| NFM, INC. | 2 | $0.2M | $120K | 50.0% |
| MICHIGAN SCHOOLS AND GOVERNMENT | 2 | $0.2M | $120K | 100.0% |
| Archwest Funding | 2 | $0.2M | $85K | 0.0% |
| Loan Funder LLC | 2 | $0.1M | $60K | 100.0% |
| Genisys Credit Union | 1 | $0.4M | $445K | 100.0% |
| Bank of America, National Association | 1 | $0.4M | $375K | 100.0% |
763 Michigan loans (6.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for St. Clair County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · St. Clair County CSV, all 25 lenders
What St. Clair County's table can't show you: fit. Short-term financing is exempt from HMDA, so St. Clair County's fix-and-flip and bridge lenders barely appear among its 53 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 St. Clair County, Michigan deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a St. Clair County, Michigan 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 — St. Clair County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 53 lenders and 126 loans: 2025 HMDA loan-level data rolled up to St. Clair County.
- St. Clair County investor-lender dataset (CSV) — All 25 lenders in the St. Clair County, Michigan table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — St. Clair 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 Detroit-Warren-Livonia, MI HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — St. Clair 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.