DSCR Loans in Allegan County, Michigan
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 58 lenders made 114 investment-property loans in Allegan County, 0.9% of Michigan's total. Dominick Prevete arranges DSCR loans across Allegan County, Michigan, 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 $230,000.
Allegan County investor market at a glance
| Statistic | Allegan County | Michigan | County rank |
|---|---|---|---|
| Investor loans | 114 | 12,400 | 15th of 16 |
| Reporting lenders | 58 | 428 | 10th of 16 |
| Loan volume | $47.4M | $4.90B | 7th of 16 |
| Average loan | $416K | $395K | 3rd of 16 |
| Median loan | $275K | $135K | 2nd of 16 |
| Purchases | 58.8% | 56.1% | 10th of 16 |
| Cash-out refinances | 21.1% | 23.9% | 7th of 16 |
| 2–4 unit properties | 14.9% | 15.4% | 12th of 16 |
| Top five lenders' share | 32.5% | 40.3% | 16th of 16 |
| Reported business-purpose | 61.4% | 76.2% | 13th of 16 |
Allegan County: closed-end loans on 1–4 unit investment properties. Allegan County's rank is highest first, among Michigan's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Allegan County's investor loans.
What stands out in Allegan County
The five most active lenders wrote 32.5% of Allegan County's investor loans, the lowest share of Michigan's 16 counties with published data (statewide: 40.3%).
Lending here is spread across many lenders; the best fit depends on the deal more than the lender's size.
The median investor loan in Allegan County was $275K, the 2nd-highest median of Michigan's 16 counties with published data (statewide: $135K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
61.4% of Allegan County's investor loans were reported as business-purpose, the 4th-lowest share of Michigan's 16 counties with published data (statewide: 76.2%).
Fewer investor loans here were reported as business-purpose than in most of Michigan. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
Does a DSCR loan pencil in Allegan County?
At HUD's fair market rent of $1,586 for a 3-bedroom in Allegan County, Michigan, a rental covers its full DSCR payment up to a purchase price of about $230,000, with 20% down at the 7.25% starting rate (November 2026). Allegan County's median home value is $267,100; at that price the payment is $1,809 a month, so the property would need $1,825 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) | $1,296 / $1,586 / $1,862 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $267,100 |
| Median property taxes and effective rate | $2,884 (1.08% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,809 |
| Rent needed to cover that payment | $1,825 |
| Coverage of a 3-bedroom at fair market rent | 0.88 |
| Highest price a 3-bedroom at fair market rent covers | about $230,000 |
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 Allegan County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Allegan County?
The most active investment-property lenders in Allegan County in 2025 HMDA data were Kiavi Funding, Inc.; UNITED SHORE FINANCIAL SERVICES, LLC; and United Bank of Michigan, out of 58 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 Allegan County, and matches each file to the one most likely to fund it.
Allegan County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 114 loans and $47.4M from 58 lenders. Kiavi Funding, Inc. led Allegan County with 13 loans, 11.4% of the county's total, and the average Allegan County loan of $416K compares with $395K across Michigan.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 13 | $2.9M | $224K | 100.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 7 | $4.1M | $585K | 28.6% |
| United Bank of Michigan | 7 | $1.6M | $225K | 14.3% |
| Rocket Mortgage, LLC | 6 | $2.0M | $335K | 50.0% |
| NEWREZ LLC | 4 | $1.5M | $383K | 75.0% |
| HOMEXPRESS MORTGAGE CORP. | 3 | $4.2M | $1408K | 0.0% |
| Mercantile Bank | 3 | $2.5M | $825K | 33.3% |
| CROSSCOUNTRY MORTGAGE, INC. | 3 | $1.5M | $508K | 100.0% |
| ChoiceOne Bank | 3 | $1.1M | $352K | 66.7% |
| LAKE MICHIGAN CREDIT UNION | 3 | $1.0M | $338K | 100.0% |
| West Michigan Community Bank | 3 | $0.7M | $218K | 66.7% |
| LEI:5493001I9VOT1BTB5V75 | 3 | $0.3M | $92K | 33.3% |
| Horizon Bank | 2 | $1.3M | $635K | 50.0% |
| Barrington Bank & Trust Company, National Association | 2 | $1.2M | $620K | 100.0% |
| Fifth Third Bank, National Association | 2 | $1.1M | $545K | 100.0% |
| Grand River Bank | 2 | $1.1M | $540K | 50.0% |
| Macatawa Bank, N. A. | 2 | $0.5M | $245K | 100.0% |
| CARRINGTON MORTGAGE SERVICES, LLC | 2 | $0.4M | $215K | 50.0% |
| CONSUMERS CREDIT UNION | 2 | $0.4M | $210K | 50.0% |
| The Huntington National Bank | 2 | $0.4M | $205K | 0.0% |
| NORTHERN MORTGAGE SERVICES, LLC | 2 | $0.4M | $195K | 50.0% |
| UNION HOME MORTGAGE CORP. | 2 | $0.4M | $195K | 50.0% |
| Honor Credit Union | 1 | $2.0M | $2005K | 100.0% |
| VISTA POINT MORTGAGE, LLC | 1 | $1.2M | $1225K | 100.0% |
| Commerce Home Mortgage, Inc. | 1 | $1.0M | $965K | 0.0% |
763 Michigan loans (6.2%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Allegan County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Allegan County CSV, all 25 lenders
What Allegan County's table can't show you: fit. Short-term financing is exempt from HMDA, so Allegan County's fix-and-flip and bridge lenders barely appear among its 58 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 Allegan County, Michigan deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter an Allegan County, Michigan 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 — Allegan County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 58 lenders and 114 loans: 2025 HMDA loan-level data rolled up to Allegan County.
- Allegan County investor-lender dataset (CSV) — All 25 lenders in the Allegan County, Michigan table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Allegan 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 Allegan County, MI.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Allegan 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.