DSCR up to 8 units in Essex, CA

DSCR loan in Essex, CA 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 Essex, CA, and many other cities throughout Texas and the US.

Basic DSCR Loan Terms in Essex, CA

  • 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 Essex, CA 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 Essex, CA real estate investors have you covered.

Investment Opportunities in Essex, CA

Benefits of a DSCR Loan in Essex, California

DSCR (Debt Service Coverage Ratio) loans offer numerous benefits to borrowers in Essex, California. These loans are ideal for investors interested in commercial real estate as they provide a means to secure financing based on the property’s income potential rather than personal credit scores.

Essex, California, boasts a diverse demographic makeup with a mix of young professionals and families. The median age in Essex is around 35 years old, and the community is known for its tight-knit feel and strong sense of local pride.

The housing market in Essex is stable and offers a range of options for buyers and investors alike. The average home price in the area is reasonable, making it an attractive location for those looking to invest in real estate or find a community to call home.

Main attractions in Essex include the picturesque Essex Marina, perfect for boating enthusiasts, and the vibrant downtown area with a variety of shops and restaurants. Residents and visitors alike enjoy the tranquil surroundings and outdoor recreational opportunities in the region.

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