DSCR Loans in Lee County, Alabama
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 116 lenders made 398 investment-property loans in Lee County, 4.0% of Alabama's total. Dominick Prevete arranges DSCR loans across Lee 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 $245,000.
Lee County investor market at a glance
| Statistic | Lee County | Alabama | County rank |
|---|---|---|---|
| Investor loans | 398 | 10,035 | 7th of 23 |
| Reporting lenders | 116 | 495 | 5th of 23 |
| Loan volume | $90.3M | $1.98B | 6th of 23 |
| Average loan | $227K | $197K | 6th of 23 |
| Median loan | $205K | $145K | 2nd of 23 |
| Purchases | 74.9% | 57.9% | 2nd of 23 |
| Cash-out refinances | 6.3% | 16.1% | 20th of 23 |
| 2–4 unit properties | 8.5% | 8.1% | 12th of 23 |
| Top five lenders' share | 27.4% | 18.5% | 22nd of 23 |
| Reported business-purpose | 58.3% | 68.3% | 15th of 23 |
Lee County: closed-end loans on 1–4 unit investment properties. Lee County's rank is highest first, among Alabama's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Lee County's investor loans.
What stands out in Lee County
The median investor loan in Lee County was $205K, the 2nd-highest median of Alabama's 23 counties with published data (statewide: $145K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
74.9% of Lee County's investor loans were purchases, the 2nd-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.
The five most active lenders wrote 27.4% of Lee County's investor loans, the 2nd-lowest share of Alabama's 23 counties with published data (statewide: 18.5%).
Lending here is spread across many lenders; the best fit depends on the deal more than the lender's size.
Does a DSCR loan pencil in Lee County?
At HUD's fair market rent of $1,548 for a 3-bedroom in Lee County, Alabama, a rental covers its full DSCR payment up to a purchase price of about $245,000, with 20% down at the 7.25% starting rate (November 2026). Lee County's median home value is $262,200; at that price the payment is $1,645 a month, so the property would need $1,650 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) | $1,277 / $1,548 / $1,794 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $262,200 |
| Median property taxes and effective rate | $1,252 (0.48% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,645 |
| Rent needed to cover that payment | $1,650 |
| Coverage of a 3-bedroom at fair market rent | 0.94 |
| Highest price a 3-bedroom at fair market rent covers | about $245,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $405,000 |
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 Lee County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Lee County?
The most active investment-property lenders in Lee County in 2025 HMDA data were AuburnBank; River Bank & Trust; and CMG MORTGAGE, INC., out of 116 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 Lee County, and matches each file to the one most likely to fund it.
Lee County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 398 loans and $90.3M from 116 lenders. AuburnBank led Lee County with 37 loans, 9.3% of the county's total, and the average Lee County loan of $227K compares with $197K across Alabama.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| AuburnBank | 37 | $5.8M | $156K | 40.5% |
| River Bank & Trust | 25 | $5.4M | $216K | 88.0% |
| CMG MORTGAGE, INC. | 20 | $5.2M | $260K | 95.0% |
| Renasant Bank | 14 | $2.9M | $210K | 57.1% |
| Phenix-Girard Bank | 13 | $2.0M | $153K | 76.9% |
| Rocket Mortgage, LLC | 12 | $2.3M | $191K | 50.0% |
| PENNYMAC LOAN SERVICES, LLC | 11 | $3.0M | $273K | 90.9% |
| CROSSCOUNTRY MORTGAGE, INC. | 11 | $2.3M | $213K | 72.7% |
| MAX Credit Union | 9 | $2.6M | $294K | 88.9% |
| ServisFirst Bank | 9 | $2.1M | $236K | 88.9% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 9 | $1.6M | $176K | 66.7% |
| MidSouth Bank | 8 | $3.8M | $471K | 75.0% |
| AmeriFirst Bank | 8 | $2.0M | $248K | 87.5% |
| EMM LOANS LLC | 8 | $1.9M | $231K | 62.5% |
| Trustmark National Bank | 8 | $1.7M | $210K | 100.0% |
| FirstBank | 7 | $2.3M | $326K | 71.4% |
| Filo Mortgage, L.L.C. | 7 | $1.8M | $261K | 71.4% |
| Kiavi Funding, Inc. | 7 | $1.1M | $161K | 100.0% |
| PHH Mortgage Corporation | 6 | $1.3M | $210K | 100.0% |
| OCMBC, INC. | 6 | $1.2M | $207K | 66.7% |
| SouthState Bank, National Association | 5 | $1.8M | $359K | 80.0% |
| KEYSTONE FUNDING, INC. | 5 | $1.2M | $231K | 80.0% |
| First Southern National Bank | 5 | $0.6M | $127K | 80.0% |
| First Community Bank of Central Alabama | 4 | $2.0M | $490K | 25.0% |
| HOMEXPRESS MORTGAGE CORP. | 4 | $1.3M | $320K | 50.0% |
257 Alabama loans (2.6%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Lee County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Lee County CSV, all 25 lenders
What Lee County's table can't show you: fit. Short-term financing is exempt from HMDA, so Lee County's fix-and-flip and bridge lenders barely appear among its 116 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 Lee County, Alabama deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Lee 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 — Lee County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 116 lenders and 398 loans: 2025 HMDA loan-level data rolled up to Lee County.
- Lee County investor-lender dataset (CSV) — All 25 lenders in the Lee County, Alabama table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Lee 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 Auburn-Opelika, AL HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Lee 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.