DSCR up to 8 units in Friona, TX

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

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

Investment Opportunities in Friona, TX

Benefits of DSCR Loan in Friona, Texas

DSCR (Debt Service Coverage Ratio) loans offer several benefits for borrowers in Friona, Texas. These loans are ideal for real estate investors as they consider the property's income potential rather than the borrower's personal income. This allows investors to leverage the property's revenue to qualify for the loan, making it easier to finance investment properties.

Friona, Texas, a charming rural town with a tight-knit community, boasts a diverse population. The demographics include a mix of families, professionals, and retirees, creating a unique and welcoming environment. The town's population appreciates the serene lifestyle and the proximity to major cities like Amarillo.

The housing market in Friona offers a range of opportunities for investors and homebuyers alike. With affordable property prices compared to larger cities, investors can capitalize on the growing demand for rental properties. Homebuyers can find spacious homes with large lots at reasonable prices, making Friona an attractive location for those seeking a peaceful lifestyle.

Some main attractions in Friona include the Chieftain Museum, showcasing the town's rich history, and the Prairie Acres Park, a popular spot for outdoor activities and community events. Additionally, the annual Cheeseburger Festival draws visitors from far and wide to enjoy delicious food and entertainment, highlighting the town's vibrant spirit.

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