DSCR up to 8 units in Leesburg, AL

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

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

Investment Opportunities in Leesburg, AL

DSCR Loan Benefits in Leesburg, Alabama

Benefits of a DSCR Loan: The Debt Service Coverage Ratio (DSCR) loan is beneficial for investors seeking financing for income-producing properties in Leesburg, Alabama. This type of loan provides a clear picture of the property's cash flow, ensuring that investors can comfortably meet their debt obligations.

Demographics: Leesburg, Alabama, is a charming town with a population of approximately 1,000 residents. The community is known for its friendly atmosphere, low crime rates, and strong sense of community spirit.

Housing Market: The housing market in Leesburg offers diverse options for homebuyers, from historic properties to modern developments. The median home price is affordable, making it an attractive location for first-time homebuyers and investors alike.

Main Attractions: Leesburg is located near the beautiful Weiss Lake, known for its excellent fishing and recreational activities. The town also boasts a historic downtown area with quaint shops and restaurants, providing residents and visitors with a charming small-town experience.

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