DSCR up to 8 units in Lester, AL

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

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

Investment Opportunities in Lester, AL

DSCR Loan Benefits in Lester, Alabama

DSCR (Debt Service Coverage Ratio) loans offer various advantages to borrowers in Lester, Alabama. These loans provide more flexibility in terms of debt repayment, lower interest rates, and longer repayment periods, making them an attractive option for both individuals and businesses looking to invest in real estate.

Demographics

Lester, Alabama, is a charming rural town with a population of approximately 500 residents. The community is known for its tight-knit neighborhoods and friendly atmosphere. The town has a diverse population, with a mix of families, young professionals, and retirees, creating a vibrant and welcoming environment.

Housing Market

The housing market in Lester, Alabama, offers a range of affordable options for buyers looking to settle in the area. With a mix of historic homes and newer developments, the real estate market caters to various preferences and budgets. The town's proximity to major cities and employment centers also makes it a desirable location for homebuyers.

Main Attractions

Despite its small size, Lester, Alabama, boasts several main attractions that draw visitors and residents alike. The town's beautiful parks, local restaurants serving delicious Southern cuisine, and annual community events create a lively and engaging environment for all. Additionally, Lester's serene surroundings and outdoor recreational opportunities make it a hidden gem for nature lovers.

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