DSCR Loans in Elmore County, Alabama
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 40 lenders made 120 investment-property loans in Elmore County, 1.2% of Alabama's total. Dominick Prevete arranges DSCR loans across Elmore County, Alabama, 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 $240,000.
Elmore County investor market at a glance
| Statistic | Elmore County | Alabama | County rank |
|---|---|---|---|
| Investor loans | 120 | 10,035 | 21st of 23 |
| Reporting lenders | 40 | 495 | 20th of 23 |
| Loan volume | $25.6M | $1.98B | 18th of 23 |
| Average loan | $213K | $197K | 8th of 23 |
| Median loan | $140K | $145K | 11th of 23 |
| Purchases | 71.7% | 57.9% | 5th of 23 |
| Cash-out refinances | 8.3% | 16.1% | 16th of 23 |
| 2–4 unit properties | 4.2% | 8.1% | 21st of 23 |
| Top five lenders' share | 50.8% | 18.5% | 7th of 23 |
| Reported business-purpose | 62.5% | 68.3% | 11th of 23 |
Elmore County: closed-end loans on 1–4 unit investment properties. Elmore County's rank is highest first, among Alabama's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Elmore County's investor loans.
What stands out in Elmore County
4.2% of Elmore County's investor loans financed a 2–4 unit property, the 3rd-lowest share of Alabama's 23 counties with published data (statewide: 8.1%).
Single-family rentals dominate here. A DSCR loan qualifies a single-family rental on its market rent, not your income.
71.7% of Elmore County's investor loans were purchases, the 5th-highest share of Alabama's 23 counties with published data (statewide: 57.9%).
Most investor loans here are purchases. A DSCR purchase qualifies on the property's rent, so you can get written terms before you make an offer with the Instant Term Sheet.
Does a DSCR loan pencil in Elmore County?
At HUD's fair market rent of $1,476 for a 3-bedroom in Elmore County, Alabama, a rental covers its full DSCR payment up to a purchase price of about $240,000, with 20% down at the 7.25% starting rate (November 2026). Elmore County's median home value is $223,900; at that price the payment is $1,366 a month, so the property would need $1,375 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) | $1,150 / $1,476 / $1,708 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $223,900 |
| Median property taxes and effective rate | $610 (0.27% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,366 |
| Rent needed to cover that payment | $1,375 |
| Coverage of a 3-bedroom at fair market rent | 1.08 |
| Highest price a 3-bedroom at fair market rent covers | about $240,000 |
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 Elmore County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Elmore County?
The most active investment-property lenders in Elmore County in 2025 HMDA data were First Community Bank of Central Alabama; Kiavi Funding, Inc.; and 21st Mortgage Corporation, out of 40 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 Elmore County, and matches each file to the one most likely to fund it.
Elmore County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 120 loans and $25.6M from 40 lenders. First Community Bank of Central Alabama led Elmore County with 18 loans, 15.0% of the county's total, and the average Elmore County loan of $213K compares with $197K across Alabama.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| First Community Bank of Central Alabama | 18 | $3.2M | $178K | 55.6% |
| Kiavi Funding, Inc. | 16 | $2.3M | $145K | 75.0% |
| 21st Mortgage Corporation | 12 | $0.5M | $42K | 100.0% |
| River Bank & Trust | 8 | $1.5M | $191K | 50.0% |
| Marion Bank & Trust Company | 7 | $2.6M | $375K | 100.0% |
| AmeriFirst Bank | 5 | $0.8M | $161K | 100.0% |
| Renasant Bank | 4 | $0.8M | $203K | 50.0% |
| GUILD MORTGAGE COMPANY | 4 | $0.7M | $165K | 75.0% |
| Synovus Bank | 3 | $1.3M | $418K | 100.0% |
| ServisFirst Bank | 3 | $1.0M | $335K | 100.0% |
| Trustmark National Bank | 3 | $0.5M | $162K | 100.0% |
| Rocket Mortgage, LLC | 3 | $0.4M | $145K | 0.0% |
| FirstBank | 2 | $2.5M | $1250K | 50.0% |
| Cadence Bank | 2 | $1.8M | $905K | 50.0% |
| PHH Mortgage Corporation | 2 | $0.8M | $425K | 100.0% |
| MAX Credit Union | 2 | $0.3M | $170K | 100.0% |
| LENDINGONE, LLC | 2 | $0.3M | $150K | 50.0% |
| CB&S Bank, Inc. | 2 | $0.3M | $135K | 100.0% |
| Loan Funder LLC | 1 | $0.4M | $395K | 0.0% |
| MORIA DEVELOPMENT, INC. | 1 | $0.4M | $395K | 100.0% |
| ALL IN FEDERAL CREDIT UNION | 1 | $0.3M | $345K | 100.0% |
| Citadel Servicing Corporation | 1 | $0.3M | $315K | 100.0% |
| SouthState Bank, National Association | 1 | $0.3M | $305K | 100.0% |
| Citibank, National Association | 1 | $0.3M | $295K | 100.0% |
| LIMA ONE CAPITAL, LLC | 1 | $0.3M | $265K | 0.0% |
257 Alabama loans (2.6%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Elmore County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Elmore County CSV, all 25 lenders
What Elmore County's table can't show you: fit. Short-term financing is exempt from HMDA, so Elmore County's fix-and-flip and bridge lenders barely appear among its 40 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 Elmore County, Alabama deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter an Elmore County, Alabama 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 — Elmore County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 40 lenders and 120 loans: 2025 HMDA loan-level data rolled up to Elmore County.
- Elmore County investor-lender dataset (CSV) — All 25 lenders in the Elmore County, Alabama table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Elmore 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 Montgomery, AL MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Elmore 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.