DSCR Loans in Will County, Illinois
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, 164 lenders made 923 investment-property loans in Will County, 4.9% of Illinois's total. Dominick Prevete arranges DSCR loans across Will County, Illinois, 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 $330,000.
Will County investor market at a glance
| Statistic | Will County | Illinois | County rank |
|---|---|---|---|
| Investor loans | 923 | 19,010 | 3rd of 20 |
| Reporting lenders | 164 | 610 | 4th of 20 |
| Loan volume | $210.6M | $5.59B | 5th of 20 |
| Average loan | $228K | $294K | 7th of 20 |
| Median loan | $215K | $175K | 3rd of 20 |
| Purchases | 67.9% | 61.9% | 9th of 20 |
| Cash-out refinances | 17.9% | 18.5% | 5th of 20 |
| 2–4 unit properties | 9.6% | 22.4% | 18th of 20 |
| Top five lenders' share | 34.7% | 20.7% | 14th of 20 |
| Reported business-purpose | 66.2% | 68.0% | 9th of 20 |
Will County: closed-end loans on 1–4 unit investment properties. Will County's rank is highest first, among Illinois's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Will County's investor loans.
What stands out in Will County
9.6% of Will County's investor loans financed a 2–4 unit property, the 3rd-lowest share of Illinois's 20 counties with published data (statewide: 22.4%).
Single-family rentals dominate here. A DSCR loan qualifies a single-family rental on its market rent, not your income.
The median investor loan in Will County was $215K, the 3rd-highest median of Illinois's 20 counties with published data (statewide: $175K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
17.9% of Will County's investor loans were cash-out refinances, the 5th-highest share of Illinois's 20 counties with published data (statewide: 18.5%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
Does a DSCR loan pencil in Will County?
At HUD's fair market rent of $2,586 for a 3-bedroom in Will County, Illinois, a rental covers its full DSCR payment up to a purchase price of about $330,000, with 20% down at the 7.25% starting rate (November 2026). Will County's median home value is $319,600; at that price the payment is $2,475 a month, so the property would need $2,500 in rent to cover it.
At that price, the rent covers the full payment, which is the test a standard DSCR loan qualifies on.
| HUD fair market rent, 2 / 3 / 4 bedroom (FY2027) | $2,011 / $2,586 / $2,954 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $319,600 |
| Median property taxes and effective rate | $7,173 (2.24% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,475 |
| Rent needed to cover that payment | $2,500 |
| Coverage of a 3-bedroom at fair market rent | 1.04 |
| Highest price a 3-bedroom at fair market rent covers | about $330,000 |
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 Will County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Will County?
The most active investment-property lenders in Will County in 2025 HMDA data were THE LOAN STORE, INC.; Loan Funder LLC; and UNITED SHORE FINANCIAL SERVICES, LLC, out of 164 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 Will County, and matches each file to the one most likely to fund it.
Will County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 923 loans and $210.6M from 164 lenders. THE LOAN STORE, INC. led Will County with 111 loans, 12.0% of the county's total, and the average Will County loan of $228K compares with $294K across Illinois.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| THE LOAN STORE, INC. | 111 | $26.7M | $240K | 64.9% |
| Loan Funder LLC | 77 | $16.6M | $215K | 58.4% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 51 | $10.6M | $208K | 68.6% |
| GUARANTEED RATE, INC. | 47 | $10.4M | $221K | 63.8% |
| RF RENOVO MANAGEMENT COMPANY, LLC | 34 | $7.5M | $220K | 82.4% |
| LENNAR MORTGAGE, LLC | 26 | $7.2M | $278K | 100.0% |
| PULTE MORTGAGE LLC | 20 | $6.3M | $315K | 100.0% |
| Kiavi Funding, Inc. | 19 | $4.0M | $211K | 63.2% |
| CROSSCOUNTRY MORTGAGE, INC. | 17 | $3.9M | $230K | 82.4% |
| Fairway Independent Mortgage Corporation | 15 | $2.8M | $188K | 100.0% |
| JPMorgan Chase Bank, National Association | 14 | $2.2M | $158K | 42.9% |
| PENNYMAC LOAN SERVICES, LLC | 13 | $4.0M | $309K | 61.5% |
| Republic Bank of Chicago | 12 | $1.6M | $135K | 100.0% |
| Homeland Mortgage Company | 11 | $3.1M | $282K | 81.8% |
| American Commercial Bank & Trust, National Association | 11 | $2.9M | $267K | 9.1% |
| Grundy Bank | 11 | $2.8M | $253K | 72.7% |
| BPL MORTGAGE TRUST, LLC | 10 | $2.3M | $228K | 50.0% |
| Barrington Bank & Trust Company, National Association | 10 | $2.3M | $226K | 90.0% |
| DEEPHAVEN MORTGAGE LLC | 10 | $2.1M | $210K | 50.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 10 | $1.8M | $178K | 50.0% |
| GREENSTATE Credit Union | 9 | $1.5M | $165K | 88.9% |
| HOMEXPRESS MORTGAGE CORP. | 8 | $1.7M | $208K | 12.5% |
| PANORAMA MORTGAGE GROUP, LLC | 8 | $1.1M | $140K | 100.0% |
| CNB Bank And Trust, N.A. | 7 | $3.2M | $455K | 100.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 7 | $1.6M | $226K | 57.1% |
388 Illinois loans (2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Will County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Will County CSV, all 25 lenders
What Will County's table can't show you: fit. Short-term financing is exempt from HMDA, so Will County's fix-and-flip and bridge lenders barely appear among its 164 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 Will County, Illinois deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Will County, Illinois 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 — Will County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 164 lenders and 923 loans: 2025 HMDA loan-level data rolled up to Will County.
- Will County investor-lender dataset (CSV) — All 25 lenders in the Will County, Illinois table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Will 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 Chicago-Joliet-Naperville, IL HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Will 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.