DSCR up to 8 units in Alton, AL

DSCR loan in Alton, 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 Alton, AL, and many other cities throughout Texas and the US.

Basic DSCR Loan Terms in Alton, 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 Alton, 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 Alton, AL real estate investors have you covered.

Investment Opportunities in Alton, AL

Benefits of DSCR Loan in Alton, Alabama

DSCR loans in Alton, Alabama provide numerous benefits for borrowers. These loans are ideal for real estate investors looking to finance income-producing properties. The Debt Service Coverage Ratio (DSCR) loan ensures that the property’s rental income can cover the mortgage payments, offering investors financial stability and potential profit.

Demographically, Alton, Alabama, is a diverse community with a mix of families, young professionals, and retirees. The population is known for its friendly demeanor and community-oriented spirit. The city offers a range of amenities, including parks, schools, and local businesses, making it an attractive place to live and invest in real estate.

The housing market in Alton is robust, with a variety of properties available for purchase. The city boasts affordable housing options, from single-family homes to multi-unit buildings. The demand for rental properties is steady, making it a lucrative market for investors seeking to generate passive income through real estate investments.

Main attractions in Alton, Alabama, include the picturesque Oak Mountain State Park, offering hiking trails, camping sites, and scenic views. The city also hosts community events throughout the year, such as festivals and farmers' markets, creating a vibrant and engaging environment for residents and visitors alike.

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