DSCR Loans in Waukesha County, Wisconsin
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 104 lenders made 287 investment-property loans in Waukesha County, 3.2% of Wisconsin's total. Dominick Prevete arranges DSCR loans across Waukesha County, Wisconsin, 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 $225,000.
Waukesha County investor market at a glance
| Statistic | Waukesha County | Wisconsin | County rank |
|---|---|---|---|
| Investor loans | 287 | 8,874 | 5th of 17 |
| Reporting lenders | 104 | 462 | 3rd of 17 |
| Loan volume | $92.1M | $1.96B | 4th of 17 |
| Average loan | $321K | $221K | 3rd of 17 |
| Median loan | $285K | $175K | 2nd of 17 |
| Purchases | 65.5% | 59.3% | 5th of 17 |
| Cash-out refinances | 17.1% | 16.9% | 6th of 17 |
| 2–4 unit properties | 30.7% | 41.0% | 16th of 17 |
| Top five lenders' share | 20.6% | 14.2% | 16th of 17 |
| Reported business-purpose | 72.8% | 66.8% | 6th of 17 |
Waukesha County: closed-end loans on 1–4 unit investment properties. Waukesha County's rank is highest first, among Wisconsin's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Waukesha County's investor loans.
What stands out in Waukesha County
The median investor loan in Waukesha County was $285K, the 2nd-highest median of Wisconsin's 17 counties with published data (statewide: $175K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
30.7% of Waukesha County's investor loans financed a 2–4 unit property, the 2nd-lowest share of Wisconsin's 17 counties with published data (statewide: 41.0%).
Single-family rentals dominate here. A DSCR loan qualifies a single-family rental on its market rent, not your income.
The five most active lenders wrote 20.6% of Waukesha County's investor loans, the 2nd-lowest share of Wisconsin's 17 counties with published data (statewide: 14.2%).
Lending here is spread across many lenders; the best fit depends on the deal more than the lender's size.
Does a DSCR loan pencil in Waukesha County?
At HUD's fair market rent of $1,553 for a 3-bedroom in Waukesha County, Wisconsin, a rental covers its full DSCR payment up to a purchase price of about $225,000, with 20% down at the 7.25% starting rate (November 2026). Waukesha County's median home value is $398,200; at that price the payment is $2,719 a month, so the property would need $2,725 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) | $1,263 / $1,553 / $1,664 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $398,200 |
| Median property taxes and effective rate | $4,554 (1.14% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,719 |
| Rent needed to cover that payment | $2,725 |
| Coverage of a 3-bedroom at fair market rent | 0.57 |
| Highest price a 3-bedroom at fair market rent covers | about $225,000 |
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 Waukesha County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Waukesha County?
The most active investment-property lenders in Waukesha County in 2025 HMDA data were Kiavi Funding, Inc.; Summit Credit Union; and Waukesha State Bank, out of 104 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 two that reported in Waukesha County, and matches each file to the one most likely to fund it.
Waukesha County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 287 loans and $92.1M from 104 lenders. Kiavi Funding, Inc. led Waukesha County with 16 loans, 5.6% of the county's total, and the average Waukesha County loan of $321K compares with $221K across Wisconsin.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 16 | $5.1M | $319K | 93.8% |
| Summit Credit Union | 12 | $4.8M | $404K | 83.3% |
| Waukesha State Bank | 11 | $2.9M | $265K | 45.5% |
| EDUCATORS CREDIT UNION | 10 | $3.6M | $365K | 50.0% |
| United Wholesale Mortgage | 10 | $3.2M | $316K | 80.0% |
| Fairway Independent Mortgage Corporation | 8 | $2.9M | $358K | 87.5% |
| Ixonia Bank | 8 | $2.8M | $354K | 87.5% |
| Tri City National Bank | 8 | $1.9M | $240K | 75.0% |
| Landmark Credit Union | 7 | $1.9M | $272K | 85.7% |
| PENNYMAC LOAN SERVICES, LLC | 6 | $2.9M | $482K | 66.7% |
| BPL MORTGAGE TRUST, LLC | 6 | $1.9M | $310K | 100.0% |
| GUILD MORTGAGE COMPANY | 6 | $1.8M | $302K | 50.0% |
| Associated Bank, National Association | 5 | $1.9M | $377K | 60.0% |
| Peoples State Bank | 5 | $1.5M | $291K | 100.0% |
| Bank Five Nine | 5 | $1.3M | $265K | 60.0% |
| HOMEXPRESS MORTGAGE CORP. | 5 | $1.3M | $265K | 20.0% |
| A + MORTGAGE SERVICES, INC. | 5 | $1.3M | $261K | 80.0% |
| Westbury Bank | 5 | $1.3M | $257K | 40.0% |
| Republic Bank of Chicago | 5 | $0.9M | $189K | 100.0% |
| National Exchange Bank and Trust | 4 | $2.3M | $568K | 50.0% |
| Great Midwest Bank, S.S.B. | 4 | $1.5M | $383K | 100.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 4 | $1.2M | $303K | 25.0% |
| Citizens Bank | 4 | $0.9M | $233K | 75.0% |
| WaterStone Bank, SSB | 4 | $0.8M | $198K | 75.0% |
| AMERICAN HERITAGE LENDING, LLC | 4 | $0.7M | $183K | 75.0% |
154 Wisconsin loans (1.7%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Waukesha County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Waukesha County CSV, all 25 lenders
What Waukesha County's table can't show you: fit. Short-term financing is exempt from HMDA, so Waukesha County's fix-and-flip and bridge lenders barely appear among its 104 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 Waukesha County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Waukesha County |
|---|---|---|---|
| Milwaukee County, WI | 2,253 | 203 | Borders Waukesha County |
| Washington County, WI | 118 | 54 | Borders Waukesha County |
| Racine County, WI | 375 | 107 | Borders Waukesha County |
| Walworth County, WI | 157 | 87 | Borders Waukesha County |
| Dane County, WI | 637 | 103 | About 55 miles away |
Run the coverage test on your Waukesha County, Wisconsin deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Waukesha County, Wisconsin 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 — Waukesha County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 104 lenders and 287 loans: 2025 HMDA loan-level data rolled up to Waukesha County.
- Waukesha County investor-lender dataset (CSV) — All 25 lenders in the Waukesha County, Wisconsin table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Waukesha 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 Milwaukee-Waukesha, WI MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Waukesha 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.