DSCR up to 8 units in Canutillo, TX

DSCR loan in Canutillo, TX 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 Canutillo, TX, and many other cities throughout Texas and the US.

Basic DSCR Loan Terms in Canutillo, TX

  • 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 Canutillo, TX 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 Canutillo, TX real estate investors have you covered.

Investment Opportunities in Canutillo, TX

DSCR Loan Benefits in Canutillo, Texas

Benefits of DSCR Loan: The Debt Service Coverage Ratio (DSCR) loan is advantageous for Canutillo residents as it helps borrowers qualify for larger loan amounts by considering the property's cash flow rather than the borrower's income. This can be particularly beneficial for self-employed individuals or those with non-traditional income sources.

Demographics: Canutillo is a diverse community located in El Paso County, Texas. The population consists of a mix of Hispanic, Caucasian, and other ethnic groups. The area is known for its strong sense of community and cultural heritage.

Housing Market: The housing market in Canutillo offers a variety of options, including single-family homes, townhouses, and apartments. The demand for housing is stable, with a mix of affordable and upscale properties available. With the help of DSCR loans, residents can access financing for their dream homes.

Main Attractions: Canutillo boasts attractions such as the Canutillo Plaza, which offers shopping and dining experiences. The area's proximity to scenic parks and outdoor recreational activities, as well as its vibrant local arts scene, make it a desirable place to live for residents of all ages.

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