DSCR Loans in Watauga 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, 91 lenders made 227 investment-property loans in Watauga County, 1.1% of North Carolina's total. Dominick Prevete arranges DSCR loans across Watauga 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 $280,000.
Watauga County investor market at a glance
| Statistic | Watauga County | North Carolina | County rank |
|---|---|---|---|
| Investor loans | 227 | 21,470 | 23rd of 42 |
| Reporting lenders | 91 | 601 | 18th of 42 |
| Loan volume | $89.7M | $5.97B | 20th of 42 |
| Average loan | $395K | $278K | 6th of 42 |
| Median loan | $345K | $225K | 3rd of 42 |
| Purchases | 64.3% | 64.5% | 21st of 42 |
| Cash-out refinances | 14.5% | 15.7% | 28th of 42 |
| 2–4 unit properties | 11.5% | 6.3% | 11th of 42 |
| Top five lenders' share | 28.6% | 23.4% | 32nd of 42 |
| Reported business-purpose | 56.4% | 70.9% | 39th of 42 |
Watauga County: closed-end loans on 1–4 unit investment properties. Watauga County's rank is highest first, among North Carolina's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Watauga County's investor loans.
What stands out in Watauga County
The median investor loan in Watauga County was $345K, the 3rd-highest median of North Carolina's 42 counties with published data (statewide: $225K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
56.4% of Watauga County's investor loans were reported as business-purpose, the 4th-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.
Does a DSCR loan pencil in Watauga County?
At HUD's fair market rent of $1,737 for a 3-bedroom in Watauga County, North Carolina, a rental covers its full DSCR payment up to a purchase price of about $280,000, with 20% down at the 7.25% starting rate (November 2026). Watauga County's median home value is $358,900; at that price the payment is $2,224 a month, so the property would need $2,225 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) | $1,311 / $1,737 / $2,191 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $358,900 |
| Median property taxes and effective rate | $1,386 (0.39% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,224 |
| Rent needed to cover that payment | $2,225 |
| Coverage of a 3-bedroom at fair market rent | 0.78 |
| Highest price a 3-bedroom at fair market rent covers | about $280,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $420,000 |
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 Watauga County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Watauga County?
The most active investment-property lenders in Watauga County in 2025 HMDA data were SKYLINE NATIONAL BANK; STATE EMPLOYEES'; and Rocket Mortgage, LLC, out of 91 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 Watauga County, and matches each file to the one most likely to fund it.
Watauga County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 227 loans and $89.7M from 91 lenders. SKYLINE NATIONAL BANK led Watauga County with 21 loans, 9.3% of the county's total, and the average Watauga County loan of $395K compares with $278K across North Carolina.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| SKYLINE NATIONAL BANK | 21 | $5.0M | $239K | 57.1% |
| STATE EMPLOYEES' | 17 | $5.9M | $349K | 70.6% |
| Rocket Mortgage, LLC | 12 | $5.8M | $483K | 58.3% |
| LIMA ONE CAPITAL, LLC | 8 | $3.5M | $435K | 0.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 7 | $4.3M | $616K | 57.1% |
| MOVEMENT MORTGAGE, LLC | 7 | $2.4M | $344K | 85.7% |
| Liberty | 7 | $1.0M | $144K | 100.0% |
| GUILD MORTGAGE COMPANY | 6 | $3.0M | $500K | 83.3% |
| PENNYMAC LOAN SERVICES, LLC | 6 | $2.8M | $468K | 66.7% |
| New Peoples Bank, Inc. | 6 | $2.5M | $425K | 50.0% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 6 | $2.4M | $398K | 100.0% |
| American Security Mortgage Corp. | 6 | $2.3M | $388K | 33.3% |
| CROSSCOUNTRY MORTGAGE, INC. | 5 | $1.6M | $325K | 80.0% |
| Fairway Independent Mortgage Corporation | 4 | $1.7M | $415K | 100.0% |
| THE LOAN STORE, INC. | 4 | $1.4M | $360K | 100.0% |
| Bank of Tennessee | 4 | $1.0M | $240K | 75.0% |
| United Community Bank | 4 | $0.9M | $228K | 25.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 3 | $1.4M | $458K | 100.0% |
| Pinnacle Bank | 3 | $1.1M | $375K | 66.7% |
| Loan Funder LLC | 3 | $0.9M | $308K | 66.7% |
| DEEPHAVEN MORTGAGE LLC | 2 | $1.5M | $735K | 50.0% |
| Bank of America, National Association | 2 | $1.1M | $575K | 100.0% |
| First National Bank of Pennsylvania | 2 | $0.9M | $475K | 50.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 2 | $0.9M | $450K | 0.0% |
| First-Citizens Bank & Trust Company | 2 | $0.9M | $440K | 50.0% |
846 North Carolina loans (3.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Watauga County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Watauga County CSV, all 25 lenders
What Watauga County's table can't show you: fit. Short-term financing is exempt from HMDA, so Watauga County's fix-and-flip and bridge lenders barely appear among its 91 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 Watauga County, North Carolina deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Watauga 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 — Watauga County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 91 lenders and 227 loans: 2025 HMDA loan-level data rolled up to Watauga County.
- Watauga County investor-lender dataset (CSV) — All 25 lenders in the Watauga County, North Carolina table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Watauga 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 Watauga County, NC.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Watauga 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.