DSCR LOANS · Michigan (MI) Underwriting Matrix · Stephen R. Mannenbach, J.D., MBA

Michigan DSCR Rental Loans (1–4, 5–8, 5–9, 5–10, 5–25 & 5+ Units) — 2026 Rates, LTV Caps & State Rules

Michigan DSCR Loans provide business-purpose real estate investors with Up to 80% LTV Purchase / 75% Cash-Out across loan amounts from $100,000 – $15,000,000+ at 6.375% – 8.25% (Wholesale Tier Dependent) (30-Yr Fixed, 5/1 & 7/1 ARM, 10-Yr IO, 40-Yr IO, 620 – 660+ FICO min FICO, 14 – 21 Business Days close). In Michigan (MI), lenders underwrite to a Non-Judicial (Foreclosure by Advertisement) statutory framework (60–90 days (+ redemption)-day average timeline), a 1.38% average property tax rate (~$305/mo at the $265,000 state median), and $520/$100K hazard insurance (~$115/mo).

Max Leverage / LTC
Up to 80% LTV Purchase / 75% Cash-Out
Min FICO: 620 – 660+ FICO
2026 Rate Band
6.375% – 8.25% (Wholesale Tier Dependent)
30-Yr Fixed, 5/1 & 7/1 ARM, 10-Yr IO, 40-Yr IO
MI Security Instrument
Non-Judicial (Foreclosure by Advertisement)
60–90 days (+ redemption) days avg timeline
MI Avg Tax & Ins
1.38% Tax
$520/$100K Hazard Ins

Michigan County-Level Property Tax & Insurance Hubs (3)

Wayne County, MI
Wayne County, MI · 1.95% Tax · $620/$100K Ins
Oakland County, MI
Oakland County, MI · 1.54% Tax · $560/$100K Ins
Kent County, MI
Kent County, MI · 1.38% Tax · $540/$100K Ins

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Michigan DSCR Loans (2026) — Up to 80% LTV Purchase / 75% Cash-Out, 6.375% – 8.25% (Wholesale Tier Dependent) | Stephen R. Mannenbach | Stephen Mannenbach