DSCR Loans in Russell County, Alabama
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
LinkedIn35 closed transactionsNLPI LLC, NJ entity ID 0451062247 (verify on the NJ business search)
In 2025 HMDA data, 46 lenders made 123 investment-property loans in Russell County, 1.2% of Alabama's total. Dominick Prevete arranges DSCR loans across Russell 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 $260,000.
Russell County investor market at a glance
| Statistic | Russell County | Alabama | County rank |
|---|---|---|---|
| Investor loans | 123 | 10,035 | 20th of 23 |
| Reporting lenders | 46 | 495 | 17th of 23 |
| Loan volume | $26.8M | $1.98B | 17th of 23 |
| Average loan | $218K | $197K | 7th of 23 |
| Median loan | $115K | $145K | 18th of 23 |
| Purchases | 57.7% | 57.9% | 13th of 23 |
| Cash-out refinances | 15.4% | 16.1% | 7th of 23 |
| 2–4 unit properties | 7.3% | 8.1% | 15th of 23 |
| Top five lenders' share | 48.8% | 18.5% | 10th of 23 |
| Reported business-purpose | 83.7% | 68.3% | 1st of 23 |
Russell County: closed-end loans on 1–4 unit investment properties. Russell County's rank is highest first, among Alabama's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Russell County's investor loans.
What stands out in Russell County
By share of investor loans reported as business-purpose, Russell County ranks highest of Alabama's 23 counties with published data (statewide: 68.3%).
83.7% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
The median investor loan in Russell County was $115K, the 4th-lowest median of Alabama's 23 counties with published data (statewide: $145K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
Does a DSCR loan pencil in Russell County?
At HUD's fair market rent of $1,611 for a 3-bedroom in Russell County, Alabama, a rental covers its full DSCR payment up to a purchase price of about $260,000, with 20% down at the 7.25% starting rate (November 2026). Russell County's median home value is $165,700; at that price the payment is $1,026 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) | $1,212 / $1,611 / $1,876 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $165,700 |
| Median property taxes and effective rate | $629 (0.38% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,026 |
| Rent needed to cover that payment | $1,050 |
| Coverage of a 3-bedroom at fair market rent | 1.57 |
| Highest price a 3-bedroom at fair market rent covers | about $260,000 |
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 Russell County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Russell County?
The most active investment-property lenders in Russell County in 2025 HMDA data were Phenix-Girard Bank; Kiavi Funding, Inc.; and OCMBC, INC., out of 46 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 Russell County, and matches each file to the one most likely to fund it.
Russell County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 123 loans and $26.8M from 46 lenders. Phenix-Girard Bank led Russell County with 29 loans, 23.6% of the county's total, and the average Russell County loan of $218K compares with $197K across Alabama.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Phenix-Girard Bank | 29 | $2.2M | $75K | 51.7% |
| Kiavi Funding, Inc. | 14 | $2.1M | $153K | 92.9% |
| OCMBC, INC. | 8 | $1.2M | $150K | 87.5% |
| UNITED SHORE FINANCIAL SERVICES, LLC | 6 | $1.0M | $167K | 16.7% |
| CV3 FINANCIAL SERVICES, LLC | 3 | $0.8M | $255K | 33.3% |
| DOMINION FINANCIAL SERVICES, LLC | 3 | $0.5M | $178K | 100.0% |
| Hometown Equity Mortgage, LLC | 3 | $0.5M | $168K | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | 3 | $0.4M | $148K | 0.0% |
| Rocket Mortgage, LLC | 3 | $0.4M | $142K | 33.3% |
| Ameris Bank | 3 | $0.4M | $118K | 100.0% |
| LIMA ONE CAPITAL, LLC | 2 | $0.4M | $190K | 50.0% |
| FirstBank | 2 | $0.3M | $160K | 50.0% |
| First Peoples Bank | 2 | $0.3M | $155K | 100.0% |
| ServisFirst Bank | 2 | $0.3M | $150K | 100.0% |
| Renasant Bank | 2 | $0.3M | $145K | 100.0% |
| THE LOAN STORE, INC. | 2 | $0.3M | $140K | 100.0% |
| Navy Federal Credit Union | 2 | $0.3M | $125K | 50.0% |
| CMG MORTGAGE, INC. | 2 | $0.2M | $120K | 50.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 2 | $0.2M | $110K | 50.0% |
| AuburnBank | 2 | $0.2M | $95K | 50.0% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 2 | $0.1M | $55K | 100.0% |
| SPRING EQ, LLC | 2 | $0.1M | $45K | 50.0% |
| COREVEST AMERICAN FINANCE LENDER LLC | 1 | $11.5M | $11505K | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | $0.3M | $305K | 0.0% |
| COLONY BANK | 1 | $0.2M | $205K | 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 Russell County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Russell County CSV, all 25 lenders
What Russell County's table can't show you: fit. Short-term financing is exempt from HMDA, so Russell County's fix-and-flip and bridge lenders barely appear among its 46 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 Russell County, Alabama deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Russell 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 — Russell County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 46 lenders and 123 loans: 2025 HMDA loan-level data rolled up to Russell County.
- Russell County investor-lender dataset (CSV) — All 25 lenders in the Russell County, Alabama table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Russell 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 Columbus, GA-AL HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Russell 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.