DSCR Loans in Etowah County, Alabama
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 37 lenders made 174 investment-property loans in Etowah County, 1.7% of Alabama's total. Dominick Prevete arranges DSCR loans across Etowah 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 $195,000.
Etowah County investor market at a glance
| Statistic | Etowah County | Alabama | County rank |
|---|---|---|---|
| Investor loans | 174 | 10,035 | 15th of 23 |
| Reporting lenders | 37 | 495 | 21st of 23 |
| Loan volume | $27.8M | $1.98B | 15th of 23 |
| Average loan | $160K | $197K | 15th of 23 |
| Median loan | $125K | $145K | 13th of 23 |
| Purchases | 42.0% | 57.9% | 21st of 23 |
| Cash-out refinances | 31.0% | 16.1% | 3rd of 23 |
| 2–4 unit properties | 14.4% | 8.1% | 2nd of 23 |
| Top five lenders' share | 70.1% | 18.5% | 3rd of 23 |
| Reported business-purpose | 52.9% | 68.3% | 20th of 23 |
Etowah County: closed-end loans on 1–4 unit investment properties. Etowah County's rank is highest first, among Alabama's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Etowah County's investor loans.
What stands out in Etowah County
14.4% of Etowah County's investor loans financed a 2–4 unit property, the 2nd-highest share of Alabama's 23 counties with published data (statewide: 8.1%).
2–4 unit properties are a larger share here than in most of Alabama. A DSCR loan on a 2–4 unit property qualifies on the rent from all of its units.
31.0% of Etowah County's investor loans were cash-out refinances, the 3rd-highest share of Alabama's 23 counties with published data (statewide: 16.1%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
42.0% of Etowah County's investor loans were purchases, the 3rd-lowest share of Alabama's 23 counties with published data (statewide: 57.9%).
Most investor loans here refinance property investors already own. A DSCR refinance qualifies on the property's current rent.
Does a DSCR loan pencil in Etowah County?
At HUD's fair market rent of $1,235 for a 3-bedroom in Etowah County, Alabama, a rental covers its full DSCR payment up to a purchase price of about $195,000, with 20% down at the 7.25% starting rate (November 2026). Etowah County's median home value is $167,100; at that price the payment is $1,035 a month, so the property would need $1,050 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) | $975 / $1,235 / $1,397 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $167,100 |
| Median property taxes and effective rate | $645 (0.39% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,035 |
| Rent needed to cover that payment | $1,050 |
| Coverage of a 3-bedroom at fair market rent | 1.19 |
| Highest price a 3-bedroom at fair market rent covers | about $195,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $310,000 |
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 Etowah County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Etowah County?
The most active investment-property lenders in Etowah County in 2025 HMDA data were FAMILY SAVINGS CREDIT UNION, Emblem Credit Union and The Exchange Bank of Alabama, out of 37 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 Etowah County, and matches each file to the one most likely to fund it.
Etowah County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 174 loans and $27.8M from 37 lenders. FAMILY SAVINGS CREDIT UNION led Etowah County with 49 loans, 28.2% of the county's total, and the average Etowah County loan of $160K compares with $197K across Alabama.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| FAMILY SAVINGS CREDIT UNION | 49 | $6.4M | $130K | 14.3% |
| Emblem Credit Union | 20 | $3.1M | $157K | 65.0% |
| The Exchange Bank of Alabama | 19 | $2.3M | $123K | 52.6% |
| Metro Bank | 18 | $2.8M | $153K | 50.0% |
| Liberty Bank | 16 | $2.7M | $169K | 43.8% |
| Peoples Independent Bank | 5 | $1.0M | $191K | 40.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 5 | $0.6M | $123K | 0.0% |
| River Bank & Trust | 4 | $0.3M | $75K | 75.0% |
| Peoples Bank of Alabama | 3 | $0.5M | $172K | 33.3% |
| Wells Fargo Bank, National Association | 3 | $0.3M | $105K | 33.3% |
| First Bank of Alabama | 2 | $3.8M | $1890K | 50.0% |
| Rocket Mortgage, LLC | 2 | $0.4M | $205K | 0.0% |
| CV3 FINANCIAL SERVICES, LLC | 2 | $0.3M | $140K | 50.0% |
| TOWNE MORTGAGE COMPANY | 2 | $0.3M | $135K | 50.0% |
| LEI:98450062C847FDDA7405 | 2 | $0.1M | $50K | 100.0% |
| The Hometown Bank of Alabama | 1 | $0.3M | $265K | 100.0% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 1 | $0.2M | $215K | 100.0% |
| Kiavi Funding, Inc. | 1 | $0.2M | $205K | 100.0% |
| HOMEXPRESS MORTGAGE CORP. | 1 | $0.2M | $205K | 0.0% |
| Farmers and Merchants Bank | 1 | $0.2M | $195K | 100.0% |
| LIMA ONE CAPITAL, LLC | 1 | $0.2M | $175K | 0.0% |
| River City Bank | 1 | $0.2M | $175K | 100.0% |
| Bryant Bank | 1 | $0.2M | $165K | 100.0% |
| HUNT MORTGAGE CORPORATION | 1 | $0.1M | $145K | 100.0% |
| ALABAMA ONE | 1 | $0.1M | $145K | 100.0% |
257 Alabama loans (2.6%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Etowah County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Etowah County CSV, all 25 lenders
What Etowah County's table can't show you: fit. Short-term financing is exempt from HMDA, so Etowah County's fix-and-flip and bridge lenders barely appear among its 37 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 Etowah County, Alabama deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter an Etowah 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 — Etowah County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 37 lenders and 174 loans: 2025 HMDA loan-level data rolled up to Etowah County.
- Etowah County investor-lender dataset (CSV) — All 25 lenders in the Etowah County, Alabama table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Etowah 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 Gadsden, AL MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Etowah 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.