DSCR up to 8 units in Fort Deposit, AL

DSCR loan in Fort Deposit, AL 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 Fort Deposit, AL, and many other cities throughout Texas and the US.

Basic DSCR Loan Terms in Fort Deposit, AL

  • 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 Fort Deposit, AL 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 Fort Deposit, AL real estate investors have you covered.

Investment Opportunities in Fort Deposit, AL

Benefits of DSCR Loan in Fort Deposit, Alabama

DSCR loans offer a range of benefits to borrowers in Fort Deposit, Alabama. These loans are designed to provide financing for investment properties based on the property’s cash flow rather than the borrower's credit score, which can be advantageous for investors with lower credit scores.

Demographically, Fort Deposit is a small town in Lowndes County, Alabama, with a population of around 1,300 residents. The town has a tight-knit community with a mix of ages and backgrounds, creating a welcoming and diverse environment.

In terms of the housing market, Fort Deposit offers affordable real estate options for both investors and residents. The market is relatively stable, with a range of housing types available, from single-family homes to multi-unit properties, making it an attractive location for those looking to invest in real estate.

Some of the main attractions in Fort Deposit include the historic Fort Deposit Railroad Depot Museum, which showcases the town's rich history, as well as the beautiful outdoor spaces like the Cahaba River Wildlife Management Area, providing recreational opportunities for nature enthusiasts.

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