Conventus for Michigan investors
Conventus is a direct DSCR lender with a short-term rental underwriting focus, licensed in California plus 44 other states (45 total). The company does not publish minimum credit score, DSCR, loan size, or rate figures in the sources reviewed; borrowers should request current terms directly.
Michigan context
Michigan strongest cash flow markets in country. Detroit and Flint produce 1%+ rent-to-price ratios. End-buyer market thin in some submarkets.
How Conventus positions in Michigan
Within Michigan, Conventus competes alongside other DSCR lenders. Conventus strengths: Short-term rental DSCR underwriting focus, Direct lender. The high aggregate DSCR economics of Michigan create demand for Conventus programs in Detroit and Grand Rapids particularly.
City-level coverage in Michigan
Conventus provides DSCR coverage across Michigan metros including Detroit, Grand Rapids, and Lansing. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Conventus program terms apply uniformly across Michigan metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR, STR DSCR |
| Loan size | — - — |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | Not publicly published |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| Michigan property tax | 1.4% |
| Michigan state income tax | 4.25% |
Conventus strengths in Michigan
- Short-term rental DSCR underwriting focus
- Direct lender
- Licensed in California plus 44 other states (45 total)
Ideal borrower: Short-term rental investor seeking a DSCR lender that specializes in STR underwriting.
FAQ
Yes, operates nationally including Michigan. Conventus is based in an undisclosed location and operates nationally.
Detroit is the top investor market in Michigan and falls within Conventus national coverage. Detroit property tax follows the Michigan state rate of 1.4 percent. Conventus typically underwrites Detroit acquisitions at standard rate sheets.
Yes. Grand Rapids ranks among the larger Michigan investor metros and sees consistent DSCR loan volume from Conventus. Submarket variation within Grand Rapids matters for property selection.
Conventus applies the same rate sheet across Michigan metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Detroit, Grand Rapids, and Lansing all qualify for the same Conventus program.
Conventus does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
Michigan strongest cash flow markets in country. Detroit and Flint produce 1%+ rent-to-price ratios. End-buyer market thin in some submarkets. Conventus follows standard business-purpose loan structures.
Conventus funds rental DSCR, STR DSCR in Michigan.
Michigan allows standard DSCR prepay structures; Conventus typically uses 3-5 year step down.
Conventus typical close: Not publicly published.
Bottom line
For Michigan DSCR borrowers, Conventus is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Conventus.