DSCR up to 8 units in Irvington, AL

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

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

Investment Opportunities in Irvington, AL

Benefits of DSCR Loan in Irvington, Alabama

DSCR (Debt Service Coverage Ratio) loans offer numerous benefits for individuals and businesses in Irvington, Alabama. These loans provide flexibility in terms of repayment schedules and interest rates, making them a popular choice for real estate investments in the area. Additionally, DSCR loans typically have lower down payment requirements compared to traditional loans, making them more accessible to a wider range of borrowers.

Irvington, Alabama, located in Mobile County, has a population of approximately 4,600 residents. The town boasts a diverse community with a mix of ages and backgrounds, creating a vibrant and inclusive atmosphere. The cost of living in Irvington is lower than the national average, making it an attractive location for those looking to invest in property or settle down in a peaceful setting.

The housing market in Irvington offers a range of options for potential buyers, from charming historic homes to modern developments. With a median home price below the national average, Irvington presents affordable opportunities for individuals and families looking to purchase a property. The market is stable with steady growth, making it a promising location for real estate investments.

Irvington is home to several attractions that showcase the town's rich history and natural beauty. Visitors can explore Bellingrath Gardens and Home, a stunning historic estate with beautiful gardens, or enjoy outdoor activities at the Mobile-Tensaw Delta, a lush conservation area with hiking and wildlife spotting opportunities. Additionally, Irvington hosts community events throughout the year, highlighting the town's vibrant culture and welcoming spirit.

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