DSCR Loans in Morgan County, Alabama
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 70 lenders made 252 investment-property loans in Morgan County, 2.5% of Alabama's total. Dominick Prevete arranges DSCR loans across Morgan 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 $210,000.
Morgan County investor market at a glance
| Statistic | Morgan County | Alabama | County rank |
|---|---|---|---|
| Investor loans | 252 | 10,035 | 9th of 23 |
| Reporting lenders | 70 | 495 | 9th of 23 |
| Loan volume | $39.0M | $1.98B | 11th of 23 |
| Average loan | $155K | $197K | 17th of 23 |
| Median loan | $135K | $145K | 12th of 23 |
| Purchases | 56.7% | 57.9% | 15th of 23 |
| Cash-out refinances | 14.3% | 16.1% | 9th of 23 |
| 2–4 unit properties | 10.3% | 8.1% | 10th of 23 |
| Top five lenders' share | 37.7% | 18.5% | 17th of 23 |
| Reported business-purpose | 77.0% | 68.3% | 5th of 23 |
Morgan County: closed-end loans on 1–4 unit investment properties. Morgan County's rank is highest first, among Alabama's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Morgan County's investor loans.
What stands out in Morgan County
By share of investor loans reported as business-purpose, Morgan County ranks 5th-highest of Alabama's 23 counties with published data (statewide: 68.3%).
77.0% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
Morgan County's 252 investor loans ranked 9th of Alabama's 23 counties with published data.
Does a DSCR loan pencil in Morgan County?
At HUD's fair market rent of $1,315 for a 3-bedroom in Morgan County, Alabama, a rental covers its full DSCR payment up to a purchase price of about $210,000, with 20% down at the 7.25% starting rate (November 2026). Morgan County's median home value is $212,000; at that price the payment is $1,305 a month, so the property would need $1,325 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) | $1,023 / $1,315 / $1,686 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $212,000 |
| Median property taxes and effective rate | $718 (0.34% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,305 |
| Rent needed to cover that payment | $1,325 |
| Coverage of a 3-bedroom at fair market rent | 1.01 |
| Highest price a 3-bedroom at fair market rent covers | about $210,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $330,000 |
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 Morgan County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Morgan County?
The most active investment-property lenders in Morgan County in 2025 HMDA data were Kiavi Funding, Inc.; River Bank & Trust; and Renasant Bank, out of 70 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 Morgan County, and matches each file to the one most likely to fund it.
Morgan County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 252 loans and $39.0M from 70 lenders. Kiavi Funding, Inc. led Morgan County with 33 loans, 13.1% of the county's total, and the average Morgan County loan of $155K compares with $197K across Alabama.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Kiavi Funding, Inc. | 33 | $5.1M | $154K | 81.8% |
| River Bank & Trust | 18 | $2.2M | $123K | 72.2% |
| Renasant Bank | 17 | $2.1M | $124K | 23.5% |
| HOMEXPRESS MORTGAGE CORP. | 14 | $2.3M | $165K | 21.4% |
| Premier Bank of the South | 13 | $1.4M | $109K | 23.1% |
| OCMBC, INC. | 12 | $2.2M | $183K | 100.0% |
| LENDINGONE, LLC | 11 | $1.5M | $135K | 27.3% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 9 | $1.9M | $207K | 66.7% |
| REDSTONE Federal Credit Union | 6 | $0.9M | $145K | 83.3% |
| Cadence Bank | 6 | $0.7M | $122K | 66.7% |
| SmartBank | 6 | $0.6M | $102K | 100.0% |
| Bank Independent | 6 | $0.5M | $78K | 33.3% |
| Peoples Bank of Alabama | 5 | $0.8M | $163K | 40.0% |
| Rocket Mortgage, LLC | 5 | $0.8M | $159K | 40.0% |
| Traditions Bank | 5 | $0.7M | $147K | 60.0% |
| Bryant Bank | 5 | $0.7M | $137K | 60.0% |
| EvaBank | 5 | $0.6M | $113K | 60.0% |
| THE LOAN STORE, INC. | 4 | $0.7M | $170K | 100.0% |
| NEWREZ LLC | 4 | $0.6M | $145K | 50.0% |
| DOMINION FINANCIAL SERVICES, LLC | 3 | $0.6M | $212K | 66.7% |
| BPL MORTGAGE TRUST, LLC | 3 | $0.5M | $152K | 33.3% |
| Commerce Home Mortgage, Inc. | 2 | $0.6M | $320K | 100.0% |
| Citizens Bank & Trust | 2 | $0.5M | $260K | 100.0% |
| MORTGAGE INVESTORS GROUP, INC. | 2 | $0.5M | $250K | 50.0% |
| AMERICAN HERITAGE LENDING, LLC | 2 | $0.5M | $245K | 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 Morgan County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Morgan County CSV, all 25 lenders
What Morgan County's table can't show you: fit. Short-term financing is exempt from HMDA, so Morgan County's fix-and-flip and bridge lenders barely appear among its 70 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 Morgan County, Alabama deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Morgan 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 — Morgan County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 70 lenders and 252 loans: 2025 HMDA loan-level data rolled up to Morgan County.
- Morgan County investor-lender dataset (CSV) — All 25 lenders in the Morgan County, Alabama table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Morgan 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 Decatur, AL MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Morgan 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.