Alabama DSCR Loan Lenders for Long-Term Rentals
Are you seeking long-term private financing for a residential rental property in Alabama? On this page you'll find a list of lenders that offer these “DSCR” loans for single family homes, condos, and 2-4 unit rental properties in Alabama’s urban areas. Some lenders consider vacation rentals (aka short-term rental or STR). The maximum loan-to-value is 80%. For a purchase, investors need a minimum down payment of 20%, and it could be higher depending on the debt service coverage ratio (DSCR), borrower’s credit score and location. The minimum credit score is 680 for most lenders. The loans terms range from 5 to 30 years.Searching...
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RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Coastal Equity Group
Direct Private Lender for Real Estate Investors in the Southeast
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
i Fund Cities
Great F#*%ing Loans, Built By Investors For Investors
Alabama DSCR Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Alabama DSCR long-term rental loans in the 1st quarter of 2024 was 8.30%. The average loan amount was $156,538. These stats are the average of 57 loans funded for residential rental properties in Alabama between January 1, 2024 and March 31, 2024 by multiple lenders that use Lightning Docs as their preferred software provider to prepare loan documents.