Get Approved at The Lowest Rate
DSCR loan in Canyon, 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 Canyon, TX, and many other cities throughout Texas and the US.
Buy-and-hold investors in Canyon, 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 Canyon, TX real estate investors have you covered.
A Debt Service Coverage Ratio (DSCR) loan in Canyon, Texas provides financial benefits to borrowers by offering a way to finance income-producing properties. These loans are great for investors as they rely on the property's income to qualify, not just the borrower's credit. Demographics: Canyon, Texas, is a charming city with a population of approximately 15,000 residents. The median age is 29 years old, and the majority of the population is employed in the education and healthcare sectors due to the presence of West Texas A&M University and the local hospital. Housing Market: The housing market in Canyon is vibrant with a variety of properties available, including single-family homes, apartments, and rental properties. The average home price is around $200,000, making it an attractive option for first-time buyers and investors looking for rental income. Main Attractions: Canyon is home to Palo Duro Canyon State Park, the second-largest canyon in the United States. Visitors can enjoy outdoor activities such as hiking, camping, and horseback riding. Additionally, the city boasts the Panhandle-Plains Historical Museum, showcasing the history and culture of the region.
Benefits of DSCR Loan in Canyon, Texas
