DSCR Loans in Washtenaw County, Michigan
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 96 lenders made 349 investment-property loans in Washtenaw County, 2.8% of Michigan's total. Dominick Prevete arranges DSCR loans across Washtenaw County, Michigan, 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 $300,000.
Washtenaw County investor market at a glance
| Statistic | Washtenaw County | Michigan | County rank |
|---|---|---|---|
| Investor loans | 349 | 12,400 | 6th of 16 |
| Reporting lenders | 96 | 428 | 5th of 16 |
| Loan volume | $108.0M | $4.90B | 6th of 16 |
| Average loan | $309K | $395K | 5th of 16 |
| Median loan | $255K | $135K | 3rd of 16 |
| Purchases | 59.0% | 56.1% | 9th of 16 |
| Cash-out refinances | 19.2% | 23.9% | 12th of 16 |
| 2–4 unit properties | 16.9% | 15.4% | 10th of 16 |
| Top five lenders' share | 38.7% | 40.3% | 10th of 16 |
| Reported business-purpose | 65.0% | 76.2% | 11th of 16 |
Washtenaw County: closed-end loans on 1–4 unit investment properties. Washtenaw County's rank is highest first, among Michigan's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Washtenaw County's investor loans.
What stands out in Washtenaw County
The median investor loan in Washtenaw County was $255K, the 3rd-highest median of Michigan's 16 counties with published data (statewide: $135K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
Washtenaw County's 349 investor loans ranked 6th of Michigan's 16 counties with published data.
Does a DSCR loan pencil in Washtenaw County?
At HUD's fair market rent of $2,164 for a 3-bedroom in Washtenaw County, Michigan, a rental covers its full DSCR payment up to a purchase price of about $300,000, with 20% down at the 7.25% starting rate (November 2026). Washtenaw County's median home value is $374,100; at that price the payment is $2,671 a month, so the property would need $2,675 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) | $1,804 / $2,164 / $2,371 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $374,100 |
| Median property taxes and effective rate | $5,678 (1.52% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,671 |
| Rent needed to cover that payment | $2,675 |
| Coverage of a 3-bedroom at fair market rent | 0.81 |
| Highest price a 3-bedroom at fair market rent covers | about $300,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $505,000 |
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 Washtenaw County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Washtenaw County?
The most active investment-property lenders in Washtenaw County in 2025 HMDA data were GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION; UNITED SHORE FINANCIAL SERVICES, LLC; and Rocket Mortgage, LLC, out of 96 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 several that reported in Washtenaw County, and matches each file to the one most likely to fund it.
Washtenaw County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 349 loans and $108.0M from 96 lenders. GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION led Washtenaw County with 40 loans, 11.5% of the county's total, and the average Washtenaw County loan of $309K compares with $395K across Michigan.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | 40 | $20.2M | $505K | 55.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 35 | $7.3M | $209K | 54.3% |
| Rocket Mortgage, LLC | 29 | $6.5M | $224K | 55.2% |
| Kiavi Funding, Inc. | 17 | $4.2M | $247K | 82.4% |
| First Merchants Bank | 14 | $3.0M | $213K | 35.7% |
| University Bank | 13 | $3.3M | $253K | 76.9% |
| STAUNTON FINANCIAL, INC. | 13 | $2.2M | $166K | 100.0% |
| Old National Bank | 9 | $3.4M | $375K | 11.1% |
| PULTE MORTGAGE LLC | 9 | $3.1M | $339K | 100.0% |
| Northstar Bank | 8 | $5.6M | $700K | 62.5% |
| JPMorgan Chase Bank, National Association | 8 | $3.3M | $415K | 50.0% |
| The Dart Bank | 8 | $1.9M | $244K | 75.0% |
| THE LOAN STORE, INC. | 7 | $2.1M | $304K | 42.9% |
| CV3 FINANCIAL SERVICES, LLC | 6 | $3.7M | $617K | 100.0% |
| Bank of Ann Arbor | 5 | $3.5M | $699K | 60.0% |
| DEEPHAVEN MORTGAGE LLC | 5 | $2.2M | $443K | 20.0% |
| AMERICAN HERITAGE LENDING, LLC | 5 | $1.6M | $327K | 60.0% |
| AMWEST FUNDING CORP. | 5 | $1.5M | $309K | 40.0% |
| RUOFF MORTGAGE COMPANY, INC. | 5 | $0.7M | $145K | 20.0% |
| GUILD MORTGAGE COMPANY | 4 | $1.4M | $355K | 25.0% |
| CHAMPIONS FUNDING, LLC | 4 | $1.3M | $323K | 75.0% |
| LAKE MICHIGAN CREDIT UNION | 4 | $0.9M | $228K | 100.0% |
| Genisys Credit Union | 3 | $1.3M | $428K | 66.7% |
| A&D Mortgage LLC | 3 | $1.1M | $372K | 0.0% |
| MORTGAGE 1 INCORPORATED | 3 | $0.7M | $245K | 66.7% |
763 Michigan loans (6.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Washtenaw County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Washtenaw County CSV, all 25 lenders
What Washtenaw County's table can't show you: fit. Short-term financing is exempt from HMDA, so Washtenaw County's fix-and-flip and bridge lenders barely appear among its 96 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 several 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 Washtenaw County, Michigan deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Washtenaw County, Michigan 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 — Washtenaw County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 96 lenders and 349 loans: 2025 HMDA loan-level data rolled up to Washtenaw County.
- Washtenaw County investor-lender dataset (CSV) — All 25 lenders in the Washtenaw County, Michigan table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Washtenaw 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 Ann Arbor, MI MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Washtenaw 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.