DSCR up to 8 units in Goodwater, AL

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

Basic DSCR Loan Terms in Goodwater, 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 Goodwater, 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 Goodwater, AL real estate investors have you covered.

Investment Opportunities in Goodwater, AL

Benefits of DSCR Loan in Goodwater, Alabama

A Debt-Service Coverage Ratio (DSCR) loan in Goodwater, Alabama offers several advantages for individuals and businesses. One of the key benefits is that it allows borrowers to secure financing based on the property's income potential rather than personal income.

Demographically, Goodwater, Alabama, is a small town with a population of approximately 1,500 residents. The community is diverse, with a mix of ages and backgrounds, creating a welcoming and inclusive environment for residents and visitors alike.

In terms of the housing market, Goodwater offers affordable real estate options compared to larger cities. The market is stable, with moderate appreciation rates, making it an attractive location for those looking to invest in property or find a new place to call home.

Some of the main attractions in Goodwater include the picturesque Lay Lake, which offers opportunities for fishing, boating, and water sports. The town also boasts charming local shops, delicious southern cuisine, and a close-knit community that values tradition and Southern hospitality.

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