DSCR up to 8 units in Choccolocco, AL

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

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

Investment Opportunities in Choccolocco, AL

Benefits of DSCR Loan in Choccolocco, Alabama

DSCR (Debt Service Coverage Ratio) loans in Choccolocco, Alabama offer numerous advantages for borrowers. These loans provide a greater degree of financial security and stability by ensuring that there is enough income to cover the debt obligations, reducing the risk of default.

Choccolocco, Alabama, is a small but vibrant community with a population of diverse demographics. The area is known for its friendly residents, strong community spirit, and rich cultural heritage. The cost of living is affordable, making it an attractive place for families and individuals looking for a peaceful yet connected community.

The housing market in Choccolocco, Alabama, offers a mix of residential properties ranging from cozy single-family homes to spacious estates. The market is relatively stable, with reasonable property prices and a variety of housing options to suit different preferences and budgets.

Some of the main attractions in Choccolocco, Alabama, include the picturesque Talladega National Forest, perfect for outdoor enthusiasts and nature lovers. The area also boasts historical sites such as the Fort McClellan Military Training Base, offering insight into the region's rich history.

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