DSCR up to 8 units in Autaugaville, AL

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

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

Investment Opportunities in Autaugaville, AL

Benefits of DSCR Loan in Autaugaville, Alabama

DSCR (Debt-Service Coverage Ratio) loans offer several advantages to potential homebuyers in Autaugaville, Alabama. These loans provide a more accurate assessment of a borrower's ability to repay, leading to reduced risk for both lenders and borrowers. Additionally, DSCR loans often come with lower interest rates, making homeownership more affordable in the long run.

Demographics

Autaugaville, Alabama, has a population of approximately 870 residents. The town is known for its strong sense of community and friendly atmosphere. The majority of residents are homeowners, reflecting the town's stability and desirability as a place to live.

Housing Market

The housing market in Autaugaville is characterized by a diverse range of properties, including single-family homes, townhouses, and apartments. The average home price in the area is around $100,000, making it an attractive option for first-time buyers and families looking to settle down.

Main Attractions

Some of the main attractions in Autaugaville include the Autauga Creek Canoe Trail, perfect for outdoor enthusiasts and nature lovers. Additionally, the town is home to historic sites such as the Autauga County Heritage Association Museum, offering a glimpse into the area's rich history and culture.

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