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DSCR loan in El Paso, 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 El Paso, TX, and many other cities throughout Texas and the US.
Buy-and-hold investors in El Paso, 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 El Paso, TX real estate investors have you covered.
One of the key benefits of a Debt Service Coverage Ratio (DSCR) loan in El Paso, Texas, is that it provides financing for investment properties based on the property's income, rather than the borrower's credit score. This makes it an attractive option for real estate investors looking to expand their portfolios without being solely dependent on personal credit history. El Paso, Texas, boasts a diverse population with a mix of Hispanic, Caucasian, and African American residents. The median age is 32, making it a youthful city with a growing workforce. The cost of living is lower than the national average, making it an affordable place to live and invest in property. The housing market in El Paso is stable and offers a range of options from single-family homes to condominiums. With a steady increase in property values over the years, investing in real estate in El Paso can provide good returns and long-term appreciation. The rental market is also strong, making it a lucrative option for investors looking to generate passive income. Some of the main attractions in El Paso include the stunning Franklin Mountains State Park, the historic Mission Trail, and the vibrant El Paso Zoo. The city also hosts a variety of cultural events, festivals, and a thriving culinary scene that showcases the rich Tex-Mex cuisine of the region.
Benefits of DSCR Loan in El Paso, Texas
