DSCR Loans in St. Louis County, Minnesota
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 78 lenders made 283 investment-property loans in St. Louis County, 4.7% of Minnesota's total. Dominick Prevete arranges DSCR loans across St. Louis County, Minnesota, 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 $245,000.
St. Louis County investor market at a glance
| Statistic | St. Louis County | Minnesota | County rank |
|---|---|---|---|
| Investor loans | 283 | 5,990 | 5th of 13 |
| Reporting lenders | 78 | 406 | 6th of 13 |
| Loan volume | $53.2M | $1.51B | 7th of 13 |
| Average loan | $188K | $251K | 12th of 13 |
| Median loan | $155K | $215K | 12th of 13 |
| Purchases | 61.1% | 69.5% | 12th of 13 |
| Cash-out refinances | 9.5% | 9.0% | 5th of 13 |
| 2–4 unit properties | 28.6% | 17.8% | 2nd of 13 |
| Top five lenders' share | 45.9% | 14.8% | 3rd of 13 |
| Reported business-purpose | 64.0% | 50.7% | 2nd of 13 |
St. Louis County: closed-end loans on 1–4 unit investment properties. St. Louis County's rank is highest first, among Minnesota's counties with at least 100 investor loans and 25 reporting lenders. Shares are of St. Louis County's investor loans.
What stands out in St. Louis County
The median investor loan in St. Louis County was $155K, the lowest median of Minnesota's 13 counties with published data (statewide: $215K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
28.6% of St. Louis County's investor loans financed a 2–4 unit property, the 2nd-highest share of Minnesota's 13 counties with published data (statewide: 17.8%).
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.
61.1% of St. Louis County's investor loans were purchases, the 2nd-lowest share of Minnesota's 13 counties with published data (statewide: 69.5%).
Refinances are a larger share here than in most of Minnesota. A DSCR refinance qualifies on the property's current rent.
Does a DSCR loan pencil in St. Louis County?
At HUD's fair market rent of $1,671 for a 3-bedroom in St. Louis County, Minnesota, a rental covers its full DSCR payment up to a purchase price of about $245,000, with 20% down at the 7.25% starting rate (November 2026). St. Louis County's median home value is $221,400; at that price the payment is $1,490 a month, so the property would need $1,500 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) | $1,207 / $1,671 / $2,017 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $221,400 |
| Median property taxes and effective rate | $2,271 (1.03% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,490 |
| Rent needed to cover that payment | $1,500 |
| Coverage of a 3-bedroom at fair market rent | 1.12 |
| Highest price a 3-bedroom at fair market rent covers | about $245,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $355,000 |
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. Louis County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in St. Louis County?
The most active investment-property lenders in St. Louis County in 2025 HMDA data were National Bank of Commerce, Harbor Pointe Credit Union and North Shore Bank of Commerce, out of 78 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. Louis County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 283 loans and $53.2M from 78 lenders. National Bank of Commerce led St. Louis County with 33 loans, 11.7% of the county's total, and the average St. Louis County loan of $188K compares with $251K across Minnesota.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| National Bank of Commerce | 33 | $6.3M | $192K | 30.3% |
| Harbor Pointe Credit Union | 32 | $5.5M | $173K | 34.4% |
| North Shore Bank of Commerce | 30 | $6.8M | $226K | 86.7% |
| Frandsen Bank & Trust | 19 | $2.7M | $143K | 52.6% |
| CENTRICITY Credit Union | 16 | $3.0M | $185K | 56.2% |
| Park State Bank | 9 | $0.8M | $85K | 33.3% |
| Members Cooperative Credit Union | 8 | $1.4M | $180K | 50.0% |
| Bell Bank | 7 | $2.0M | $286K | 100.0% |
| Minnesota Power Employees Credit Union | 7 | $1.9M | $274K | 85.7% |
| United Wholesale Mortgage | 6 | $1.0M | $172K | 33.3% |
| NORTH STAR CREDIT UNION | 6 | $0.7M | $122K | 100.0% |
| REGENT FINANCIAL GROUP, INC. | 4 | $1.0M | $243K | 75.0% |
| U.S. Bank National Association | 4 | $0.5M | $135K | 75.0% |
| Northview Bank | 4 | $0.4M | $103K | 25.0% |
| NEWREZ LLC | 3 | $0.8M | $282K | 100.0% |
| Luminate Bank | 3 | $0.7M | $228K | 100.0% |
| Broker Solutions, Inc. | 3 | $0.7M | $225K | 100.0% |
| HOMEXPRESS MORTGAGE CORP. | 3 | $0.6M | $205K | 66.7% |
| Superior Savings Bank | 3 | $0.6M | $202K | 33.3% |
| Rocket Mortgage, LLC | 3 | $0.5M | $178K | 66.7% |
| Superior Choice Credit Union | 3 | $0.5M | $155K | 0.0% |
| TRUSTONE FINANCIAL CREDIT UNION | 3 | $0.5M | $155K | 66.7% |
| NATIONSTAR MORTGAGE LLC | 3 | $0.4M | $142K | 100.0% |
| COMPEER FINANCIAL, FLCA | 3 | $0.3M | $105K | 66.7% |
| BPL MORTGAGE TRUST, LLC | 3 | $0.3M | $98K | 100.0% |
40 Minnesota loans (0.7%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for St. Louis County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · St. Louis County CSV, all 25 lenders
What St. Louis County's table can't show you: fit. Short-term financing is exempt from HMDA, so St. Louis County's fix-and-flip and bridge lenders barely appear among its 78 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 →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 St. Louis County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from St. Louis County |
|---|---|---|---|
| Crow Wing County, MN | 105 | 52 | About 105 miles away |
| Anoka County, MN | 306 | 104 | About 165 miles away |
| Stearns County, MN | 156 | 57 | About 170 miles away |
| Washington County, MN | 271 | 86 | About 175 miles away |
Run the coverage test on your St. Louis County, Minnesota deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a St. Louis County, Minnesota 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. Louis County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 78 lenders and 283 loans: 2025 HMDA loan-level data rolled up to St. Louis County.
- St. Louis County investor-lender dataset (CSV) — All 25 lenders in the St. Louis County, Minnesota table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — St. Louis 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 Duluth, MN-WI MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — St. Louis 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.