Get Approved at The Lowest Rate
DSCR loan in Auburn, 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 Auburn, AL, and many other cities throughout Texas and the US.
Buy-and-hold investors in Auburn, 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 Auburn, AL real estate investors have you covered.
A DSCR loan in Auburn, Alabama offers numerous benefits to potential borrowers. Firstly, it allows for higher loan amounts as the Debt Service Coverage Ratio (DSCR) calculation considers the property's income to determine loan eligibility, rather than solely relying on the borrower's personal income. Moreover, DSCR loans typically have lower interest rates compared to traditional mortgages, making them an attractive option for real estate investors looking to finance income-producing properties. Additionally, DSCR loans provide greater flexibility in terms of property types that qualify, including commercial properties, multi-family residences, and even some non-owner-occupied properties. Demographics of Auburn, Alabama Auburn, Alabama, is a vibrant city with a diverse population. The city is home to Auburn University, which contributes to a lively academic and cultural atmosphere. The population consists of a mix of students, young professionals, families, and retirees, creating a dynamic community. Housing Market in Auburn, Alabama The housing market in Auburn, Alabama, is thriving, with a range of options available for buyers and renters alike. The city offers a mix of modern apartments, single-family homes, and historic properties, catering to various preferences and budgets. Main Attractions in Auburn, Alabama Some of the main attractions in Auburn include the Jule Collins Smith Museum of Fine Art, the Donald E. Davis Arboretum, and the Chewacla State Park, offering residents and visitors opportunities for cultural enrichment and outdoor recreation.
Benefits of DSCR Loan in Auburn, Alabama
