DSCR Loans in Stearns County, Minnesota
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 57 lenders made 156 investment-property loans in Stearns County, 2.6% of Minnesota's total. Dominick Prevete arranges DSCR loans across Stearns 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.
Stearns County investor market at a glance
| Statistic | Stearns County | Minnesota | County rank |
|---|---|---|---|
| Investor loans | 156 | 5,990 | 8th of 13 |
| Reporting lenders | 57 | 406 | 9th of 13 |
| Loan volume | $30.5M | $1.51B | 9th of 13 |
| Average loan | $195K | $251K | 11th of 13 |
| Median loan | $155K | $215K | 12th of 13 |
| Purchases | 67.9% | 69.5% | 9th of 13 |
| Cash-out refinances | 11.5% | 9.0% | 1st of 13 |
| 2–4 unit properties | 14.7% | 17.8% | 8th of 13 |
| Top five lenders' share | 37.8% | 14.8% | 5th of 13 |
| Reported business-purpose | 32.7% | 50.7% | 12th of 13 |
Stearns County: closed-end loans on 1–4 unit investment properties. Stearns County's rank is highest first, among Minnesota's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Stearns County's investor loans.
What stands out in Stearns County
The median investor loan in Stearns 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.
11.5% of Stearns County's investor loans were cash-out refinances, the highest share of Minnesota's 13 counties with published data (statewide: 9.0%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
32.7% of Stearns County's investor loans were reported as business-purpose, the 2nd-lowest share of Minnesota's 13 counties with published data (statewide: 50.7%).
Fewer investor loans here were reported as business-purpose than in most of Minnesota. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
Does a DSCR loan pencil in Stearns County?
At HUD's fair market rent of $1,656 for a 3-bedroom in Stearns 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). Stearns County's median home value is $273,400; at that price the payment is $1,834 a month, so the property would need $1,850 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) | $1,233 / $1,656 / $1,961 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $273,400 |
| Median property taxes and effective rate | $2,742 (1.00% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,834 |
| Rent needed to cover that payment | $1,850 |
| Coverage of a 3-bedroom at fair market rent | 0.90 |
| Highest price a 3-bedroom at fair market rent covers | about $245,000 |
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 Stearns County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Stearns County?
The most active investment-property lenders in Stearns County in 2025 HMDA data were Sentry Bank, Minnesota National Bank and MAGNIFI FINANCIAL CREDIT UNION, out of 57 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.
Stearns County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 156 loans and $30.5M from 57 lenders. Sentry Bank led Stearns County with 16 loans, 10.3% of the county's total, and the average Stearns County loan of $195K compares with $251K across Minnesota.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Sentry Bank | 16 | $5.0M | $311K | 68.8% |
| Minnesota National Bank | 13 | $1.7M | $127K | 61.5% |
| MAGNIFI FINANCIAL CREDIT UNION | 11 | $1.9M | $172K | 45.5% |
| Freeport State Bank | 11 | $1.7M | $157K | 72.7% |
| Liberty Bank Minnesota | 8 | $1.4M | $178K | 75.0% |
| American Heritage National Bank | 5 | $1.1M | $211K | 100.0% |
| BankVista | 5 | $0.7M | $141K | 100.0% |
| Falcon National Bank | 5 | $0.4M | $89K | 40.0% |
| Bell Bank | 4 | $0.8M | $205K | 50.0% |
| Hometown Equity Mortgage, LLC | 4 | $0.6M | $153K | 25.0% |
| American National Bank of Minnesota | 3 | $1.1M | $355K | 66.7% |
| EVERETT FINANCIAL, INC. | 3 | $0.9M | $292K | 66.7% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | 3 | $0.7M | $235K | 33.3% |
| Granite Bank | 3 | $0.6M | $212K | 66.7% |
| Minnwest Bank | 3 | $0.6M | $192K | 66.7% |
| Coulee Bank | 3 | $0.5M | $175K | 100.0% |
| TRUSTONE FINANCIAL CREDIT UNION | 3 | $0.5M | $175K | 33.3% |
| ST. CLOUD FINANCIAL | 3 | $0.5M | $172K | 66.7% |
| CREDIT UNION 1 | 3 | $0.3M | $95K | 100.0% |
| Bridgewater Bank | 2 | $0.6M | $280K | 100.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 2 | $0.5M | $245K | 100.0% |
| Wings Financial Credit Union | 2 | $0.4M | $220K | 50.0% |
| Bonanza Valley State Bank | 2 | $0.4M | $215K | 50.0% |
| Farmers & Merchants Savings Bank | 2 | $0.4M | $205K | 100.0% |
| Loandepot.Com, LLC | 2 | $0.4M | $200K | 0.0% |
40 Minnesota loans (0.7%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Stearns County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Stearns County CSV, all 25 lenders
What Stearns County's table can't show you: fit. Short-term financing is exempt from HMDA, so Stearns County's fix-and-flip and bridge lenders barely appear among its 57 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 Stearns County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Stearns County |
|---|---|---|---|
| Wright County, MN | 103 | 57 | Borders Stearns County |
| Hennepin County, MN | 1,532 | 218 | About 65 miles away |
| Anoka County, MN | 306 | 104 | About 70 miles away |
| Crow Wing County, MN | 105 | 52 | About 70 miles away |
| Clay County, MN | 126 | 39 | About 130 miles away |
| Minnehaha County, SD | 316 | 55 | About 170 miles away |
| St. Louis County, MN | 283 | 78 | About 170 miles away |
Run the coverage test on your Stearns County, Minnesota deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Stearns 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 — Stearns County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 57 lenders and 156 loans: 2025 HMDA loan-level data rolled up to Stearns County.
- Stearns County investor-lender dataset (CSV) — All 25 lenders in the Stearns County, Minnesota table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Stearns 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 St. Cloud, MN MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Stearns 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.