DSCR Loans in Washington County, Minnesota
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, 86 lenders made 271 investment-property loans in Washington County, 4.5% of Minnesota's total. Dominick Prevete arranges DSCR loans across Washington 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 $335,000.
Washington County investor market at a glance
| Statistic | Washington County | Minnesota | County rank |
|---|---|---|---|
| Investor loans | 271 | 5,990 | 6th of 13 |
| Reporting lenders | 86 | 406 | 5th of 13 |
| Loan volume | $81.0M | $1.51B | 4th of 13 |
| Average loan | $299K | $251K | 1st of 13 |
| Median loan | $255K | $215K | 1st of 13 |
| Purchases | 74.2% | 69.5% | 5th of 13 |
| Cash-out refinances | 7.7% | 9.0% | 6th of 13 |
| 2–4 unit properties | 6.3% | 17.8% | 12th of 13 |
| Top five lenders' share | 24.4% | 14.8% | 9th of 13 |
| Reported business-purpose | 49.1% | 50.7% | 8th of 13 |
Washington County: closed-end loans on 1–4 unit investment properties. Washington County's rank is highest first, among Minnesota's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Washington County's investor loans.
What stands out in Washington County
The average investor loan in Washington County was $299K, the highest average of Minnesota's 13 counties with published data (statewide: $251K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
6.3% of Washington County's investor loans financed a 2–4 unit property, the 2nd-lowest share of Minnesota's 13 counties with published data (statewide: 17.8%).
Single-family rentals dominate here. A DSCR loan qualifies a single-family rental on its market rent, not your income.
Does a DSCR loan pencil in Washington County?
At HUD's fair market rent of $2,264 for a 3-bedroom in Washington County, Minnesota, a rental covers its full DSCR payment up to a purchase price of about $335,000, with 20% down at the 7.25% starting rate (November 2026). Washington County's median home value is $422,000; at that price the payment is $2,826 a month, so the property would need $2,850 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) | $1,734 / $2,264 / $2,538 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $422,000 |
| Median property taxes and effective rate | $4,164 (0.99% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,826 |
| Rent needed to cover that payment | $2,850 |
| Coverage of a 3-bedroom at fair market rent | 0.80 |
| Highest price a 3-bedroom at fair market rent covers | about $335,000 |
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 Washington County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Washington County?
The most active investment-property lenders in Washington County in 2025 HMDA data were First State Bank and Trust; LENNAR MORTGAGE, LLC; and DHI MORTGAGE COMPANY, LTD., out of 86 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 Washington County, and matches each file to the one most likely to fund it.
Washington County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 271 loans and $81.0M from 86 lenders. First State Bank and Trust led Washington County with 17 loans, 6.3% of the county's total, and the average Washington County loan of $299K compares with $251K across Minnesota.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| First State Bank and Trust | 17 | $4.6M | $270K | 82.4% |
| LENNAR MORTGAGE, LLC | 15 | $4.0M | $266K | 100.0% |
| DHI MORTGAGE COMPANY, LTD. | 12 | $3.6M | $300K | 100.0% |
| Bridgewater Bank | 11 | $4.5M | $407K | 72.7% |
| Kiavi Funding, Inc. | 11 | $3.0M | $276K | 90.9% |
| Royal Credit Union | 9 | $2.4M | $268K | 44.4% |
| Bell Bank | 9 | $2.2M | $249K | 100.0% |
| Lake Elmo Bank | 8 | $4.2M | $529K | 62.5% |
| United Wholesale Mortgage | 8 | $2.1M | $265K | 87.5% |
| Rocket Mortgage, LLC | 8 | $2.1M | $258K | 62.5% |
| First Resource Bank | 6 | $1.9M | $313K | 83.3% |
| PENNYMAC LOAN SERVICES, LLC | 6 | $1.7M | $278K | 66.7% |
| Security Financial Bank | 5 | $2.3M | $467K | 100.0% |
| Luminate Bank | 5 | $1.4M | $279K | 60.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 5 | $1.2M | $237K | 80.0% |
| Fairway Independent Mortgage Corporation | 5 | $1.1M | $221K | 80.0% |
| CCM Finance, LLC | 4 | $1.9M | $488K | 100.0% |
| Coulee Bank | 4 | $1.4M | $343K | 100.0% |
| TOPLINE FINANCIAL CREDIT UNION | 4 | $1.1M | $285K | 100.0% |
| GUARANTEED RATE, INC. | 4 | $1.0M | $240K | 75.0% |
| OCMBC, INC. | 4 | $0.9M | $228K | 25.0% |
| Blaze Credit Union | 4 | $0.6M | $148K | 50.0% |
| CorTrust Bank National Association | 3 | $1.5M | $512K | 0.0% |
| Granite Bank | 3 | $1.1M | $355K | 100.0% |
| MidWestOne Bank | 3 | $1.0M | $325K | 66.7% |
40 Minnesota loans (0.7%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Washington County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Washington County CSV, all 25 lenders
What Washington County's table can't show you: fit. Short-term financing is exempt from HMDA, so Washington County's fix-and-flip and bridge lenders barely appear among its 86 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 →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 Washington County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Washington County |
|---|---|---|---|
| Dakota County, MN | 421 | 129 | Borders Washington County |
| Ramsey County, MN | 583 | 139 | Borders Washington County |
| Anoka County, MN | 306 | 104 | Borders Washington County |
| Hennepin County, MN | 1,532 | 218 | About 30 miles away |
| Scott County, MN | 120 | 71 | About 40 miles away |
| Eau Claire County, WI | 172 | 38 | About 80 miles away |
| St. Louis County, MN | 283 | 78 | About 175 miles away |
Run the coverage test on your Washington County, Minnesota deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Washington 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 — Washington County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 86 lenders and 271 loans: 2025 HMDA loan-level data rolled up to Washington County.
- Washington County investor-lender dataset (CSV) — All 25 lenders in the Washington County, Minnesota table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Washington 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 Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Washington 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.