DSCR up to 8 units in Altoona, AL

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

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

Investment Opportunities in Altoona, AL

Benefits of DSCR Loan in Altoona, Alabama

DSCR (Debt Service Coverage Ratio) loans can be highly advantageous for borrowers in Altoona, Alabama. These loans are tailored for real estate investors and offer lower interest rates compared to traditional loans, making them a cost-effective financing option.

Demographics in Altoona show a close-knit community with a population of approximately 933 residents. The small-town charm and friendly atmosphere make it an ideal place for families and retirees looking for a peaceful retreat.

The housing market in Altoona is characterized by affordable prices and a range of property options. The availability of DSCR loans can further enhance accessibility to housing for buyers and investors, stimulating growth in the real estate sector.

Altoona boasts of attractions such as the Altoona Covered Bridge, a historic landmark that draws visitors and locals alike. The surrounding natural beauty, including hiking trails and scenic views, makes it a desirable location for outdoor enthusiasts.

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