DSCR up to 8 units in Jonesboro, TX

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

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

Investment Opportunities in Jonesboro, TX

Benefits of DSCR Loan in Jonesboro, Texas

DSCR (Debt-Service Coverage Ratio) loans offer advantages such as providing financing for investment properties without relying solely on personal income. This type of loan evaluates the property's income potential rather than the borrower's income, making it ideal for real estate investors looking to expand their portfolios.

Demographically, Jonesboro, Texas, boasts a population that values small-town charm with a strong sense of community. The town is known for its welcoming atmosphere and diverse cultural heritage, making it an attractive location for families and retirees looking for a peaceful place to call home.

In terms of the housing market, Jonesboro offers a mix of historic properties and modern housing options. The market is relatively stable, with a steady increase in property values over the past few years. DSCR loans can help potential buyers take advantage of favorable market conditions to invest in Jonesboro real estate.

Some of the main attractions in Jonesboro include its picturesque parks, charming downtown area, and proximity to outdoor recreational activities like fishing and hiking. Residents also enjoy a variety of local shops, restaurants, and community events that contribute to the town's vibrant atmosphere.

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