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DSCR loan in Groveton, 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 Groveton, TX, and many other cities throughout Texas and the US.
Buy-and-hold investors in Groveton, 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 Groveton, TX real estate investors have you covered.
Benefit of Debt Service Coverage Ratio (DSCR) Loan: DSCR loans offer borrowers in Groveton, Texas, the advantage of ensuring they have enough income to cover the mortgage payments. Lenders use this ratio to assess the borrower's ability to service debt. Demographics: Groveton, Texas, has a population of approximately 1,200 people. The median age of residents is 39 years old, with a median household income of $32,000. The town has a rich cultural heritage and boasts a close-knit community. Housing Market: The housing market in Groveton offers diverse options, from historic homes to modern developments. The median home price is $110,000, making it an affordable location for first-time homebuyers. The market is stable, with steady growth over the past few years. Main Attractions: Groveton is known for its picturesque outdoor attractions, including Davy Crockett National Forest, offering hiking and camping opportunities. The town also hosts local events like the Peanut Festival, showcasing the region's agricultural heritage.
DSCR Loan Benefits in Groveton, Texas
