DSCR Loans in Tippecanoe County, Indiana
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
LinkedIn35 closed transactionsNLPI LLC, NJ entity ID 0451062247 (verify on the NJ business search)
In 2025 HMDA data, 79 lenders made 311 investment-property loans in Tippecanoe County, 2.8% of Indiana's total. Dominick Prevete arranges DSCR loans across Tippecanoe County, Indiana, 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 $235,000.
Tippecanoe County investor market at a glance
| Statistic | Tippecanoe County | Indiana | County rank |
|---|---|---|---|
| Investor loans | 311 | 10,971 | 7th of 21 |
| Reporting lenders | 79 | 497 | 8th of 21 |
| Loan volume | $57.5M | $2.81B | 8th of 21 |
| Average loan | $185K | $256K | 12th of 21 |
| Median loan | $165K | $145K | 8th of 21 |
| Purchases | 71.4% | 56.9% | 5th of 21 |
| Cash-out refinances | 12.9% | 19.4% | 15th of 21 |
| 2–4 unit properties | 20.9% | 16.6% | 5th of 21 |
| Top five lenders' share | 35.7% | 20.0% | 12th of 21 |
| Reported business-purpose | 54.3% | 71.5% | 19th of 21 |
Tippecanoe County: closed-end loans on 1–4 unit investment properties. Tippecanoe County's rank is highest first, among Indiana's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Tippecanoe County's investor loans.
What stands out in Tippecanoe County
54.3% of Tippecanoe County's investor loans were reported as business-purpose, the 3rd-lowest share of Indiana's 21 counties with published data (statewide: 71.5%).
Fewer investor loans here were reported as business-purpose than in most of Indiana. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
71.4% of Tippecanoe County's investor loans were purchases, the 5th-highest share of Indiana's 21 counties with published data (statewide: 56.9%).
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.
20.9% of Tippecanoe County's investor loans financed a 2–4 unit property, the 5th-highest share of Indiana's 21 counties with published data (statewide: 16.6%).
2–4 unit properties are a larger share here than in most of Indiana. A DSCR loan on a 2–4 unit property qualifies on the rent from all of its units.
Does a DSCR loan pencil in Tippecanoe County?
At HUD's fair market rent of $1,517 for a 3-bedroom in Tippecanoe County, Indiana, a rental covers its full DSCR payment up to a purchase price of about $235,000, with 20% down at the 7.25% starting rate (November 2026). Tippecanoe County's median home value is $239,300; at that price the payment is $1,528 a month, so the property would need $1,550 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) | $1,273 / $1,517 / $2,128 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $239,300 |
| Median property taxes and effective rate | $1,474 (0.62% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,528 |
| Rent needed to cover that payment | $1,550 |
| Coverage of a 3-bedroom at fair market rent | 0.99 |
| Highest price a 3-bedroom at fair market rent covers | about $235,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $395,000 |
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 Tippecanoe County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Tippecanoe County?
The most active investment-property lenders in Tippecanoe County in 2025 HMDA data were PURDUE; The Fountain Trust Company; and CMG MORTGAGE, INC., out of 79 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 Tippecanoe County, and matches each file to the one most likely to fund it.
Tippecanoe County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 311 loans and $57.5M from 79 lenders. PURDUE led Tippecanoe County with 34 loans, 10.9% of the county's total, and the average Tippecanoe County loan of $185K compares with $256K across Indiana.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| PURDUE | 34 | $6.2M | $182K | 70.6% |
| The Fountain Trust Company | 28 | $5.4M | $192K | 85.7% |
| CMG MORTGAGE, INC. | 17 | $3.1M | $183K | 70.6% |
| Security Federal Savings Bank | 17 | $2.7M | $157K | 76.5% |
| Rocket Mortgage, LLC | 15 | $2.8M | $190K | 66.7% |
| Old National Bank | 14 | $1.8M | $126K | 21.4% |
| Kentland Bank | 9 | $1.5M | $164K | 88.9% |
| JPMorgan Chase Bank, National Association | 8 | $1.6M | $203K | 87.5% |
| First Merchants Bank | 8 | $1.6M | $201K | 62.5% |
| OCMBC, INC. | 8 | $1.4M | $176K | 62.5% |
| Centier Bank | 7 | $1.4M | $198K | 85.7% |
| GUILD MORTGAGE COMPANY | 6 | $1.4M | $230K | 100.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 6 | $1.2M | $198K | 83.3% |
| Kiavi Funding, Inc. | 6 | $1.0M | $173K | 100.0% |
| Loan Funder LLC | 6 | $0.9M | $150K | 16.7% |
| Citadel Servicing Corporation | 5 | $0.8M | $157K | 80.0% |
| Alliance Bank | 5 | $0.8M | $153K | 80.0% |
| BPL MORTGAGE TRUST, LLC | 5 | $0.7M | $139K | 0.0% |
| AMERICAN HERITAGE LENDING, LLC | 5 | $0.5M | $95K | 100.0% |
| Fairway Independent Mortgage Corporation | 4 | $0.7M | $178K | 75.0% |
| The Huntington National Bank | 4 | $0.6M | $150K | 75.0% |
| First Farmers Bank & Trust Co. | 3 | $1.2M | $392K | 33.3% |
| LEI:549300DLBRGR2O0VNZ96 | 3 | $0.8M | $282K | 100.0% |
| General Mortgage Capital Corporation | 3 | $0.8M | $255K | 66.7% |
| CROSSCOUNTRY MORTGAGE, INC. | 3 | $0.7M | $222K | 66.7% |
387 Indiana loans (3.5%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Tippecanoe County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Tippecanoe County CSV, all 25 lenders
What Tippecanoe County's table can't show you: fit. Short-term financing is exempt from HMDA, so Tippecanoe County's fix-and-flip and bridge lenders barely appear among its 79 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 Tippecanoe County, Indiana deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Tippecanoe County, Indiana 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 — Tippecanoe County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 79 lenders and 311 loans: 2025 HMDA loan-level data rolled up to Tippecanoe County.
- Tippecanoe County investor-lender dataset (CSV) — All 25 lenders in the Tippecanoe County, Indiana table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Tippecanoe 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 Lafayette-West Lafayette, IN HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Tippecanoe 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.