DSCR up to 8 units in Elgin, TX

DSCR loan in Elgin, 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 Elgin, TX, and many other cities throughout Texas and the US.

Basic DSCR Loan Terms in Elgin, TX

  • 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 Elgin, 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 Elgin, TX real estate investors have you covered.

Investment Opportunities in Elgin, TX

Benefits of DSCR Loan in Elgin, Texas

DSCR loans in Elgin, Texas offer real estate investors numerous benefits, including competitive interest rates, flexible repayment terms, and the ability to leverage their investment without affecting personal credit scores. These loans are specifically designed for income-generating properties, making them ideal for investors looking to expand their portfolios.

Demographically, Elgin, Texas is a diverse and growing community with a population that has been steadily increasing over the years. With a mix of young professionals, families, and retirees, Elgin offers a vibrant and welcoming environment for residents of all ages.

When it comes to the housing market in Elgin, Texas, there is a range of available properties at various price points, making it a versatile market for both buyers and sellers. The market is characterized by a steady demand for both rental and owned properties, creating opportunities for investors to capitalize on a growing market.

Elgin, Texas, is home to several main attractions, including the Elgin Depot Museum, which showcases the city's rich history, and the Elgin Farmers Market, where visitors can sample locally grown produce and artisanal goods. Additionally, the city's proximity to Austin offers residents easy access to the vibrant culture and entertainment of the state capital.

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