DSCR up to 8 units in Akron, AL

DSCR loan in Akron, AL is based on the property's cash flow without the borrower's income verification.

DSCR stands for “long-term debt service coverage ratio.” These loans are for real estate investors who wish to grow their property portfolio in Akron, AL, and many other cities throughout Texas and the US.

Basic DSCR Loan Terms in Akron, AL

  • Property types: residential 1-8 units
  • Loan amounts from $75,000
  • 80% LTV purchase/75% Cashout
  • 30-year fixed or 5/7/10 ARM (I/O)
  • Rates from 6.5%
  • Minimum FICO 660
  • No income verification
  • Low fees and costs

Buy-and-hold investors in Akron, AL can be assured that by working with Horizon Lending Services, we will always provide the best opportunities at the best possible rates.

If you are looking at a single-family home, condo, townhome, or multiplex, our Akron, AL real estate investors have you covered.

Investment Opportunities in Akron, AL

Exploring the Benefits of DSCR Loans in Akron, Alabama

Benefits of DSCR Loans:

DSCR (Debt Service Coverage Ratio) loans offer borrowers in Akron, Alabama, the advantage of securing financing based on the property's income potential rather than personal income. This type of loan is particularly beneficial for real estate investors looking to acquire income-generating properties.

Demographics:

Akron, Alabama, with a population of around 300 residents, boasts a close-knit community feel. The town is known for its rural charm, with a mix of both young families and retirees making up the demographic landscape.

Housing Market:

The housing market in Akron, Alabama, offers affordable options for both buyers and renters. Home prices are reasonable, making it an attractive location for first-time homebuyers or investors looking to expand their real estate portfolio.

Main Attractions:

While Akron is a small town, it has its charm. Visitors and residents can enjoy outdoor activities at the nearby Cahaba River or explore the historic landmarks within the town. The peaceful surroundings and friendly community make Akron a hidden gem in Alabama.

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