DSCR Loans in Washington County, Tennessee
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, 73 lenders made 238 investment-property loans in Washington County, 1.5% of Tennessee's total. Dominick Prevete arranges DSCR loans across Washington County, Tennessee, 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 $230,000.
Washington County investor market at a glance
| Statistic | Washington County | Tennessee | County rank |
|---|---|---|---|
| Investor loans | 238 | 15,845 | 15th of 24 |
| Reporting lenders | 73 | 634 | 13th of 24 |
| Loan volume | $51.8M | $4.51B | 14th of 24 |
| Average loan | $217K | $285K | 15th of 24 |
| Median loan | $195K | $205K | 13th of 24 |
| Purchases | 63.4% | 57.0% | 9th of 24 |
| Cash-out refinances | 16.4% | 15.4% | 6th of 24 |
| 2–4 unit properties | 16.4% | 12.2% | 8th of 24 |
| Top five lenders' share | 33.6% | 14.7% | 13th of 24 |
| Reported business-purpose | 62.6% | 66.4% | 13th of 24 |
Washington County: closed-end loans on 1–4 unit investment properties. Washington County's rank is highest first, among Tennessee'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
16.4% of Washington County's investor loans were cash-out refinances, the 6th-highest share of Tennessee's 24 counties with published data (statewide: 15.4%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
Washington County's 238 investor loans ranked 15th of Tennessee's 24 counties with published data.
Does a DSCR loan pencil in Washington County?
At HUD's fair market rent of $1,461 for a 3-bedroom in Washington County, Tennessee, a rental covers its full DSCR payment up to a purchase price of about $230,000, with 20% down at the 7.25% starting rate (November 2026). Washington County's median home value is $249,000; at that price the payment is $1,571 a month, so the property would need $1,575 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) | $1,211 / $1,461 / $1,609 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $249,000 |
| Median property taxes and effective rate | $1,302 (0.52% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,571 |
| Rent needed to cover that payment | $1,575 |
| Coverage of a 3-bedroom at fair market rent | 0.93 |
| Highest price a 3-bedroom at fair market rent covers | about $230,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $380,000 |
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 EASTMAN CREDIT UNION, CONSUMER Credit Union and Elizabethton Federal Savings Bank, out of 73 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: 238 loans and $51.8M from 73 lenders. EASTMAN CREDIT UNION led Washington County with 26 loans, 10.9% of the county's total, and the average Washington County loan of $217K compares with $285K across Tennessee.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| EASTMAN CREDIT UNION | 26 | $5.0M | $193K | 69.2% |
| CONSUMER Credit Union | 16 | $6.3M | $394K | 31.2% |
| Elizabethton Federal Savings Bank | 14 | $3.1M | $223K | 50.0% |
| TRUPoint Bank | 12 | $2.7M | $227K | 83.3% |
| Citizens Bank | 12 | $1.9M | $158K | 100.0% |
| DHI MORTGAGE COMPANY, LTD. | 11 | $2.3M | $206K | 100.0% |
| Bank of Tennessee | 9 | $2.4M | $267K | 66.7% |
| Renasant Bank | 9 | $1.1M | $117K | 22.2% |
| Kiavi Funding, Inc. | 8 | $1.5M | $189K | 87.5% |
| FIRST BANCORP, INC. | 8 | $1.4M | $180K | 62.5% |
| LEI:894500QC0C65HO7V5165 | 7 | $1.2M | $171K | 0.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 6 | $1.2M | $193K | 50.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 5 | $1.5M | $295K | 100.0% |
| Sierra Pacific Mortgage Company, Inc. | 5 | $1.0M | $205K | 60.0% |
| DOMINION FINANCIAL SERVICES, LLC | 5 | $1.0M | $195K | 40.0% |
| AMWEST FUNDING CORP. | 4 | $1.0M | $255K | 75.0% |
| Rocket Mortgage, LLC | 4 | $0.7M | $185K | 0.0% |
| Andrew Johnson Bank | 3 | $0.6M | $195K | 66.7% |
| MORTGAGE INVESTORS GROUP, INC. | 3 | $0.6M | $195K | 100.0% |
| AMERICAN HERITAGE LENDING, LLC | 3 | $0.6M | $192K | 66.7% |
| First Horizon Bank | 3 | $0.5M | $172K | 100.0% |
| NEWREZ LLC | 3 | $0.5M | $162K | 33.3% |
| Oconee State Bank | 2 | $1.0M | $520K | 50.0% |
| New Peoples Bank, Inc. | 2 | $0.7M | $355K | 100.0% |
| MOVEMENT MORTGAGE, LLC | 2 | $0.4M | $220K | 100.0% |
451 Tennessee loans (2.8%) 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 October 31, 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 73 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 Washington County, Tennessee deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Washington County, Tennessee 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 73 lenders and 238 loans: 2025 HMDA loan-level data rolled up to Washington County.
- Washington County investor-lender dataset (CSV) — All 25 lenders in the Washington County, Tennessee 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 Johnson City, TN MSA.
- 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.