DSCR up to 8 units in Groves, TX

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

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

Investment Opportunities in Groves, TX

Benefits of DSCR Loans in Groves, Texas

DSCR (Debt Service Coverage Ratio) loans in Groves, Texas offer numerous advantages to borrowers. These loans typically require a lower down payment, have competitive interest rates, and are ideal for investment properties. Borrowers can often secure higher loan amounts compared to traditional mortgages, making them a popular choice for real estate investors in Groves.

Groves, Texas, a city located in Jefferson County, has a diverse population with a mix of families, young professionals, and retirees. The city boasts a strong sense of community, excellent schools, and a range of amenities, including parks, shopping centers, and restaurants. With a growing job market and affordable cost of living, Groves is an attractive place to live for individuals of all ages.

The housing market in Groves, Texas, offers a variety of options for buyers. From single-family homes to apartments and townhouses, there is something for everyone in this vibrant city. The real estate market is stable, with steady appreciation rates and a range of housing prices to suit different budgets. Whether you are looking to buy your first home or invest in rental properties, Groves offers plenty of opportunities in the housing sector.

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