DSCR up to 8 units in Hanceville, AL

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

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

Investment Opportunities in Hanceville, AL

Benefits of a DSCR Loan in Hanceville, Alabama

DSCR (Debt Service Coverage Ratio) loans offer numerous benefits to potential homeowners in Hanceville, Alabama. These loans are known for providing flexibility with debt repayment, lower interest rates, and easier qualification criteria. Borrowers can enjoy the advantage of lower monthly payments and longer repayment periods, making homeownership more accessible and affordable.

Hanceville, Alabama, is a vibrant community with a diverse population. The town has a strong sense of community and is known for its friendly residents. The demographics of Hanceville include a mix of families, young professionals, and retirees. The town offers a safe and welcoming environment for individuals of all ages.

The housing market in Hanceville, Alabama, is thriving, with a range of housing options available to suit different preferences and budgets. Whether you are looking for a cozy single-family home, a spacious townhouse, or a modern apartment, Hanceville has something for everyone. The market is stable, with steady appreciation rates, making it a wise investment for potential homeowners.

Hanceville boasts a variety of attractions that make it a desirable place to live. The town is home to beautiful parks, recreational facilities, and cultural venues. Residents can enjoy outdoor activities, shopping, dining, and entertainment options. The close-knit community organizes events and festivals throughout the year, creating a lively and engaging atmosphere for residents and visitors alike.

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