DSCR Loans in Yellowstone County, Montana
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 47 lenders made 266 investment-property loans in Yellowstone County, 17.8% of Montana's total. Dominick Prevete arranges DSCR loans across Yellowstone County, Montana, 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.
Yellowstone County investor market at a glance
| Statistic | Yellowstone County | Montana | County rank |
|---|---|---|---|
| Investor loans | 266 | 1,497 | 1st of 5 |
| Reporting lenders | 47 | 199 | 4th of 5 |
| Loan volume | $65.1M | $626.6M | 3rd of 5 |
| Average loan | $245K | $419K | 4th of 5 |
| Median loan | $220K | $265K | 4th of 5 |
| Purchases | 62.4% | 63.4% | 4th of 5 |
| Cash-out refinances | 11.7% | 12.8% | 3rd of 5 |
| 2–4 unit properties | 27.1% | 20.4% | 2nd of 5 |
| Top five lenders' share | 45.9% | 34.6% | 2nd of 5 |
| Reported business-purpose | 62.0% | 66.9% | 4th of 5 |
Yellowstone County: closed-end loans on 1–4 unit investment properties. Yellowstone County's rank is highest first, among Montana's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Yellowstone County's investor loans.
What stands out in Yellowstone County
Yellowstone County's 266 investor loans ranked 1st of Montana's 5 counties with published data.
Does a DSCR loan pencil in Yellowstone County?
At HUD's fair market rent of $1,983 for a 3-bedroom in Yellowstone County, Montana, 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). Yellowstone County's median home value is $349,500; at that price the payment is $2,289 a month, so the property would need $2,300 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) | $1,432 / $1,983 / $2,261 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $349,500 |
| Median property taxes and effective rate | $2,832 (0.81% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,289 |
| Rent needed to cover that payment | $2,300 |
| Coverage of a 3-bedroom at fair market rent | 0.87 |
| 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 $435,000 |
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 Yellowstone County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Yellowstone County?
The most active investment-property lenders in Yellowstone County in 2025 HMDA data were Stockman Bank of Montana, The Yellowstone Bank and LITTLE HORN STATE BANK, out of 47 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 and matches each file to the one most likely to fund it.
Yellowstone County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 266 loans and $65.1M from 47 lenders. Stockman Bank of Montana led Yellowstone County with 42 loans, 15.8% of the county's total, and the average Yellowstone County loan of $245K compares with $419K across Montana.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Stockman Bank of Montana | 42 | $9.0M | $215K | 69.0% |
| The Yellowstone Bank | 26 | $6.5M | $250K | 76.9% |
| LITTLE HORN STATE BANK | 26 | $5.9M | $227K | 69.2% |
| VALLEY FINANCIAL CREDIT UNION | 14 | $3.6M | $256K | 21.4% |
| United Wholesale Mortgage | 14 | $3.0M | $216K | 35.7% |
| Glacier Bank | 11 | $2.6M | $237K | 100.0% |
| Opportunity Bank of Montana | 10 | $2.6M | $264K | 80.0% |
| First Federal Bank & Trust | 9 | $2.3M | $257K | 55.6% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | 9 | $2.1M | $231K | 88.9% |
| Altana Federal Credit Union | 8 | $1.6M | $201K | 25.0% |
| BILLINGS | 7 | $1.6M | $231K | 57.1% |
| Rocket Mortgage, LLC | 7 | $1.3M | $181K | 28.6% |
| CALCON MUTUAL MORTGAGE LLC | 6 | $2.8M | $462K | 100.0% |
| Bravera Bank | 6 | $1.7M | $285K | 33.3% |
| LENDINGONE, LLC | 5 | $2.1M | $411K | 0.0% |
| LOWER, LLC | 4 | $0.9M | $238K | 75.0% |
| HOMEXPRESS MORTGAGE CORP. | 4 | $0.9M | $235K | 75.0% |
| GUARANTEED RATE, INC. | 4 | $0.9M | $235K | 75.0% |
| U.S. Bank National Association | 4 | $0.9M | $223K | 100.0% |
| Fairway Independent Mortgage Corporation | 4 | $0.8M | $210K | 75.0% |
| KIND LENDING, LLC | 4 | $0.8M | $203K | 50.0% |
| RE INVESTMENT LOANS LLC | 3 | $1.1M | $355K | 33.3% |
| Broker Solutions, Inc. | 3 | $0.7M | $245K | 66.7% |
| Wells Fargo Bank, National Association | 3 | $0.6M | $208K | 100.0% |
| NEWREZ LLC | 3 | $0.6M | $192K | 33.3% |
15 Montana loans (1%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Yellowstone County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Yellowstone County CSV, all 25 lenders
What Yellowstone County's table can't show you: fit. Short-term financing is exempt from HMDA, so Yellowstone County's fix-and-flip and bridge lenders barely appear among its 47 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 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 Yellowstone County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Yellowstone County |
|---|---|---|---|
| Gallatin County, MT | 237 | 71 | About 140 miles away |
| Cascade County, MT | 138 | 41 | About 175 miles away |
| Natrona County, WY | 155 | 29 | About 220 miles away |
| Bonneville County, ID | 171 | 53 | About 240 miles away |
Run the coverage test on your Yellowstone County, Montana deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Yellowstone County, Montana 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 — Yellowstone County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 47 lenders and 266 loans: 2025 HMDA loan-level data rolled up to Yellowstone County.
- Yellowstone County investor-lender dataset (CSV) — All 25 lenders in the Yellowstone County, Montana table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Yellowstone 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 Billings, MT HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Yellowstone 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.