DSCR up to 8 units in Anniston, AL

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

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

Investment Opportunities in Anniston, AL

Benefits of DSCR Loan in Anniston, Alabama

DSCR (Debt Service Coverage Ratio) loans offer numerous benefits in Anniston, Alabama. These loans provide investors with higher loan amounts as they assess the property's income potential instead of just the borrower's credit score. This can be particularly advantageous for property investors and developers looking to secure financing for projects in Anniston.

Anniston, Alabama, boasts a diverse population with a mix of urban and small-town charm. The city has a population of approximately 22,000 residents, with a median household income of $30,586. The demographics include a mix of young professionals, families, and retirees, creating a vibrant community atmosphere.

The housing market in Anniston offers a range of opportunities for investors and home buyers alike. With a median home value of $88,900, the market is affordable and presents options for various budgets. The diverse housing stock includes historic homes, modern developments, and investment properties, catering to different preferences.

Some main attractions in Anniston include the Anniston Museum of Natural History, Berman Museum of World History, and the Longleaf Botanical Gardens. Outdoor enthusiasts can enjoy the nearby Talladega National Forest for hiking and other recreational activities. The city also hosts various festivals and events throughout the year, adding to its cultural appeal.

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