DSCR Loans in Wake County, North Carolina
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 254 lenders made 2,641 investment-property loans in Wake County, 12.3% of North Carolina's total. Dominick Prevete arranges DSCR loans across Wake County, North Carolina, 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 $325,000.
Wake County investor market at a glance
| Statistic | Wake County | North Carolina | County rank |
|---|---|---|---|
| Investor loans | 2,641 | 21,470 | 2nd of 42 |
| Reporting lenders | 254 | 601 | 2nd of 42 |
| Loan volume | $775.4M | $5.97B | 2nd of 42 |
| Average loan | $294K | $278K | 17th of 42 |
| Median loan | $265K | $225K | 12th of 42 |
| Purchases | 73.3% | 64.5% | 5th of 42 |
| Cash-out refinances | 9.2% | 15.7% | 41st of 42 |
| 2–4 unit properties | 3.4% | 6.3% | 35th of 42 |
| Top five lenders' share | 36.7% | 23.4% | 14th of 42 |
| Reported business-purpose | 55.5% | 70.9% | 41st of 42 |
Wake County: closed-end loans on 1–4 unit investment properties. Wake County's rank is highest first, among North Carolina's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Wake County's investor loans.
What stands out in Wake County
55.5% of Wake County's investor loans were reported as business-purpose, the 2nd-lowest share of North Carolina's 42 counties with published data (statewide: 70.9%).
Fewer investor loans here were reported as business-purpose than in most of North Carolina. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
9.2% of Wake County's investor loans were cash-out refinances, the 2nd-lowest share of North Carolina's 42 counties with published data (statewide: 15.7%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
73.3% of Wake County's investor loans were purchases, the 5th-highest share of North Carolina's 42 counties with published data (statewide: 64.5%).
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 Wake County?
At HUD's fair market rent of $2,103 for a 3-bedroom in Wake County, North Carolina, a rental covers its full DSCR payment up to a purchase price of about $325,000, with 20% down at the 7.25% starting rate (November 2026). Wake County's median home value is $461,300; at that price the payment is $2,981 a month, so the property would need $3,000 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) | $1,689 / $2,103 / $2,823 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $461,300 |
| Median property taxes and effective rate | $3,260 (0.71% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,981 |
| Rent needed to cover that payment | $3,000 |
| Coverage of a 3-bedroom at fair market rent | 0.71 |
| Highest price a 3-bedroom at fair market rent covers | about $325,000 |
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 Wake County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Wake County?
The most active investment-property lenders in Wake County in 2025 HMDA data were LENNAR MORTGAGE, LLC; STATE EMPLOYEES'; and PENNYMAC LOAN SERVICES, LLC, out of 254 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 Wake County, and matches each file to the one most likely to fund it.
Wake County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 2,641 loans and $775.4M from 254 lenders. LENNAR MORTGAGE, LLC led Wake County with 379 loans, 14.4% of the county's total, and the average Wake County loan of $294K compares with $278K across North Carolina.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| LENNAR MORTGAGE, LLC | 379 | $106.6M | $281K | 100.0% |
| STATE EMPLOYEES' | 195 | $54.6M | $280K | 69.7% |
| PENNYMAC LOAN SERVICES, LLC | 133 | $40.1M | $302K | 46.6% |
| PULTE MORTGAGE LLC | 132 | $38.3M | $290K | 100.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 131 | $36.3M | $277K | 35.9% |
| THE LOAN STORE, INC. | 89 | $23.7M | $266K | 52.8% |
| DHI MORTGAGE COMPANY, LTD. | 89 | $21.8M | $245K | 100.0% |
| Rocket Mortgage, LLC | 73 | $18.2M | $250K | 45.2% |
| General Mortgage Capital Corporation | 68 | $21.2M | $312K | 60.3% |
| Kiavi Funding, Inc. | 62 | $20.6M | $331K | 91.9% |
| First Heritage Mortgage, LLC | 45 | $14.0M | $312K | 97.8% |
| Loandepot.Com, LLC | 44 | $12.0M | $272K | 86.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | 44 | $10.4M | $237K | 90.9% |
| MOVEMENT MORTGAGE, LLC | 30 | $8.4M | $281K | 73.3% |
| CROSSCOUNTRY MORTGAGE, INC. | 27 | $8.6M | $319K | 81.5% |
| North State Bank | 24 | $6.0M | $251K | 79.2% |
| NFM, INC. | 22 | $4.9M | $224K | 90.9% |
| COASTAL Federal Credit Union | 21 | $6.6M | $315K | 47.6% |
| NEWREZ LLC | 20 | $7.0M | $353K | 65.0% |
| First-Citizens Bank & Trust Company | 18 | $7.8M | $434K | 72.2% |
| JPMorgan Chase Bank, National Association | 18 | $5.0M | $276K | 77.8% |
| Towne Bank | 17 | $6.5M | $380K | 88.2% |
| Alcova Mortgage LLC | 17 | $4.5M | $263K | 88.2% |
| KIND LENDING, LLC | 16 | $4.4M | $274K | 75.0% |
| AMWEST FUNDING CORP. | 15 | $5.0M | $333K | 86.7% |
846 North Carolina loans (3.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Wake County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Wake County CSV, all 25 lenders
What Wake County's table can't show you: fit. Short-term financing is exempt from HMDA, so Wake County's fix-and-flip and bridge lenders barely appear among its 254 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 Wake County, North Carolina deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Wake County, North Carolina 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 — Wake County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 254 lenders and 2,641 loans: 2025 HMDA loan-level data rolled up to Wake County.
- Wake County investor-lender dataset (CSV) — All 25 lenders in the Wake County, North Carolina table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Wake 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 Raleigh-Cary, NC MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Wake 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.