DSCR up to 8 units in Era, TX

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

Basic DSCR Loan Terms in Era, 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 Era, 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 Era, TX real estate investors have you covered.

Investment Opportunities in Era, TX

DSCR Loan Benefits in Era, Texas

DSCR (Debt Service Coverage Ratio) loans offer numerous benefits to residents in Era, Texas. These loans provide competitive interest rates, flexibility in repayment terms, and are particularly suitable for real estate investments. Borrowers can secure larger loan amounts with lower down payments, making it an attractive option for property buyers in Era.

Era, Texas, with a population of around 500 residents, is a quaint rural community known for its tight-knit community spirit and peaceful surroundings. The town's demographics skew towards families and retirees seeking a slower pace of life away from the bustle of larger cities.

The housing market in Era, Texas, offers a mix of affordable single-family homes, spacious rural properties, and charming historic houses. With the help of DSCR loans, prospective buyers can capitalize on the favorable market conditions and invest in their dream home or rental property in this serene Texan town.

While Era may be a small town, it boasts a range of attractions for residents and visitors alike. Outdoor enthusiasts can enjoy exploring the nearby Lake Ray Roberts State Park for hiking and water activities, while history buffs can visit the Era Heritage Park Museum to learn about the town's rich past.

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