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DSCR loan in Floydada, 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 Floydada, TX, and many other cities throughout Texas and the US.
Buy-and-hold investors in Floydada, 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 Floydada, TX real estate investors have you covered.
DSCR (Debt Service Coverage Ratio) loans offer several benefits for individuals in Floydada, Texas. These loans provide a reliable source of funding for real estate investments with lower risk as they are backed by the income generated from the property itself. Demographics: Floydada, located in the heart of Texas, has a population of around 3,800 residents. The town has a close-knit community with a mix of families and retirees. The median household income is $37,500, making it an affordable place to live. Housing Market: The housing market in Floydada is stable, with a median home price of $85,000. DSCR loans can help individuals looking to invest in rental properties or expand their real estate portfolio in this growing market. The low-interest rates associated with DSCR loans make them an attractive option for buyers. Main Attractions: Floydada offers a serene lifestyle with attractions such as the City Park, where residents can enjoy picnics and outdoor activities. The nearby Caprock Canyons State Park provides hiking and camping opportunities for nature enthusiasts.
Benefits of DSCR Loans in Floydada, Texas
