DSCR up to 8 units in Clay, AL

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

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

Investment Opportunities in Clay, AL

Benefits of DSCR Loan in Clay, Alabama

DSCR loans offer borrowers in Clay, Alabama, the benefit of financing potential real estate investments without solely relying on personal credit scores. This can be advantageous for investors looking to expand their portfolio or first-time buyers seeking to enter the market.

Clay, Alabama, is a vibrant community with a population demographic that is predominantly middle-class families. The city offers a diverse range of housing options, including single-family homes, townhouses, and apartments, catering to various income levels and preferences.

The housing market in Clay, Alabama, is characterized by stable growth and affordable property prices. With a favorable cost of living compared to nearby cities, Clay presents a compelling opportunity for individuals looking to purchase a home or invest in rental properties.

Some main attractions in Clay include the serene Cosby Lake Park, perfect for outdoor recreation, and the historic Clay Library, offering a glimpse into the city's rich past. Additionally, residents can enjoy local dining options and community events that showcase the town's unique culture.

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