DSCR Loans in Whatcom County, Washington
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, 82 lenders made 262 investment-property loans in Whatcom County, 2.6% of Washington's total. Dominick Prevete arranges DSCR loans across Whatcom County, Washington, 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 $390,000.
Whatcom County investor market at a glance
| Statistic | Whatcom County | Washington | County rank |
|---|---|---|---|
| Investor loans | 262 | 9,950 | 8th of 17 |
| Reporting lenders | 82 | 382 | 8th of 17 |
| Loan volume | $123.1M | $4.66B | 7th of 17 |
| Average loan | $470K | $468K | 3rd of 17 |
| Median loan | $405K | $395K | 3rd of 17 |
| Purchases | 54.6% | 53.8% | 11th of 17 |
| Cash-out refinances | 18.7% | 18.8% | 11th of 17 |
| 2–4 unit properties | 19.5% | 13.9% | 5th of 17 |
| Top five lenders' share | 30.2% | 20.1% | 8th of 17 |
| Reported business-purpose | 70.2% | 74.8% | 15th of 17 |
Whatcom County: closed-end loans on 1–4 unit investment properties. Whatcom County's rank is highest first, among Washington's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Whatcom County's investor loans.
What stands out in Whatcom County
70.2% of Whatcom County's investor loans were reported as business-purpose, the 3rd-lowest share of Washington's 17 counties with published data (statewide: 74.8%).
Fewer investor loans here were reported as business-purpose than in most of Washington. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
The median investor loan in Whatcom County was $405K, the 3rd-highest median of Washington's 17 counties with published data (statewide: $395K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
Does a DSCR loan pencil in Whatcom County?
At HUD's fair market rent of $2,545 for a 3-bedroom in Whatcom County, Washington, a rental covers its full DSCR payment up to a purchase price of about $390,000, with 20% down at the 7.25% starting rate (November 2026). Whatcom County's median home value is $585,800; at that price the payment is $3,782 a month, so the property would need $3,800 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) | $1,872 / $2,545 / $3,129 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $585,800 |
| Median property taxes and effective rate | $4,087 (0.70% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $3,782 |
| Rent needed to cover that payment | $3,800 |
| Coverage of a 3-bedroom at fair market rent | 0.67 |
| Highest price a 3-bedroom at fair market rent covers | about $390,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $575,000 |
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 Whatcom County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Whatcom County?
The most active investment-property lenders in Whatcom County in 2025 HMDA data were WHATCOM EDUCATIONAL CREDIT UNION; PENNYMAC LOAN SERVICES, LLC; and EVERGREEN MONEYSOURCE MORTGAGE COMPANY, out of 82 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 Whatcom County, and matches each file to the one most likely to fund it.
Whatcom County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 262 loans and $123.1M from 82 lenders. WHATCOM EDUCATIONAL CREDIT UNION led Whatcom County with 29 loans, 11.1% of the county's total, and the average Whatcom County loan of $470K compares with $468K across Washington.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| WHATCOM EDUCATIONAL CREDIT UNION | 29 | $23.2M | $801K | 27.6% |
| PENNYMAC LOAN SERVICES, LLC | 13 | $6.3M | $487K | 69.2% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | 13 | $4.9M | $378K | 84.6% |
| Eastside Funding LLC | 13 | $4.0M | $311K | 61.5% |
| Peoples Bank | 11 | $6.2M | $560K | 72.7% |
| THE LOAN STORE, INC. | 11 | $4.4M | $398K | 63.6% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 10 | $4.6M | $464K | 60.0% |
| GUILD MORTGAGE COMPANY | 9 | $3.8M | $423K | 88.9% |
| MOVEMENT MORTGAGE, LLC | 8 | $4.4M | $545K | 87.5% |
| CMG MORTGAGE, INC. | 7 | $4.3M | $614K | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | 7 | $2.7M | $389K | 71.4% |
| Fairway Independent Mortgage Corporation | 6 | $2.9M | $487K | 83.3% |
| NORTH COAST CREDIT UNION | 6 | $2.4M | $400K | 66.7% |
| KIND LENDING, LLC | 5 | $2.2M | $431K | 60.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 5 | $1.8M | $363K | 40.0% |
| Banner Bank | 5 | $1.4M | $275K | 60.0% |
| U.S. Bank National Association | 4 | $2.9M | $728K | 50.0% |
| FIRST FED BANK | 4 | $2.3M | $583K | 50.0% |
| HOMEXPRESS MORTGAGE CORP. | 4 | $1.5M | $378K | 0.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 4 | $1.5M | $373K | 75.0% |
| Kiavi Funding, Inc. | 3 | $1.7M | $552K | 100.0% |
| AMERICAN FINANCIAL NETWORK, INC. | 3 | $1.3M | $448K | 0.0% |
| Rocket Mortgage, LLC | 3 | $1.3M | $432K | 33.3% |
| Citadel Servicing Corporation | 3 | $1.3M | $428K | 33.3% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | 3 | $1.2M | $415K | 66.7% |
505 Washington loans (5.1%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Whatcom County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Whatcom County CSV, all 25 lenders
What Whatcom County's table can't show you: fit. Short-term financing is exempt from HMDA, so Whatcom County's fix-and-flip and bridge lenders barely appear among its 82 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 Whatcom County, Washington deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Whatcom County, Washington 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 — Whatcom County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 82 lenders and 262 loans: 2025 HMDA loan-level data rolled up to Whatcom County.
- Whatcom County investor-lender dataset (CSV) — All 25 lenders in the Whatcom County, Washington table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Whatcom 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 Bellingham, WA MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Whatcom 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.