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DSCR loan in Carmel, CA 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 Carmel, CA, and many other cities throughout Texas and the US.
Buy-and-hold investors in Carmel, CA 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 Carmel, CA real estate investors have you covered.
DSCR (Debt-Service Coverage Ratio) loans offer borrowers a way to secure financing based on the property’s income potential rather than personal income. This can be particularly advantageous for real estate investors looking to purchase properties in Carmel, California, as it allows them to qualify for loans based on the property's cash flow. Carmel, California, is a picturesque coastal town known for its artistic heritage and stunning natural beauty. The town has a population of around 4,000 residents, with a median household income of $97,000. The demographics of Carmel are predominantly Caucasian, with a high percentage of residents over the age of 65. The housing market in Carmel is dynamic, with a mix of historic homes, luxury estates, and charming cottages. Property values have been steadily increasing in recent years, making it an attractive location for real estate investment. The average home price in Carmel is around $1.5 million, with a strong demand for rental properties due to its popularity as a tourist destination. Carmel boasts a variety of attractions, including the famous 17-Mile Drive, Carmel Beach, and the historic Carmel Mission. The town is also home to numerous art galleries, boutique shops, and gourmet restaurants, making it a popular destination for visitors seeking a blend of culture and natural beauty.
Benefits of DSCR Loan in Carmel, California
