DSCR up to 8 units in Gilmer, TX

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

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

Investment Opportunities in Gilmer, TX

Benefits of DSCR Loan in Gilmer, Texas

DSCR loans in Gilmer, Texas offer numerous benefits for borrowers. These loans are known for their flexibility and are an excellent option for those looking to invest in real estate. With a Debt Service Coverage Ratio loan, borrowers can often secure financing with lower interest rates, longer repayment terms, and higher loan amounts compared to traditional loans.

The demographics of Gilmer, Texas show a thriving community with a population that values a close-knit, small-town atmosphere. The town has a mix of young families and retirees, creating a diverse and welcoming environment. The cost of living is reasonable, making it an attractive option for those looking to settle down.

In terms of the housing market, Gilmer, Texas offers a variety of properties ranging from single-family homes to larger estates. The market is stable, with property values appreciating steadily over the years. With the option of DSCR loans, potential homeowners have more opportunities to invest in the housing market and secure their dream home.

Some of the main attractions in Gilmer include the historic downtown area, known for its charming shops and restaurants. The town also boasts beautiful parks and outdoor recreational opportunities, making it ideal for nature lovers. With a strong sense of community and plenty of amenities, Gilmer, Texas is a wonderful place to call home.

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