DSCR up to 8 units in Mico, TX

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

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

Investment Opportunities in Mico, TX

Benefits of DSCR Loan in Mico, Texas

DSCR (Debt-Service Coverage Ratio) loans in Mico, Texas offer several key benefits. These loans are ideal for investors as they primarily evaluate the property's ability to generate income rather than relying solely on the borrower's credit score. This makes them a great option for those looking to invest in rental properties without needing impeccable credit.

Mico, Texas is a quaint rural community with a growing population. The demographics of Mico consist of a mix of families and retirees attracted to its peaceful surroundings and affordable cost of living. The town has a strong sense of community, making it an ideal place for those seeking a close-knit neighborhood.

The housing market in Mico, Texas, is thriving with a range of options available to both buyers and investors. The market offers a mix of traditional single-family homes and modern developments, catering to diverse preferences. With the rise in property values, investing in Mico's real estate market is a wise financial decision.

Main attractions in Mico include the picturesque Medina Lake, perfect for outdoor activities such as fishing and boating. Additionally, residents can enjoy the scenic views of the Texas Hill Country and explore nearby parks and nature reserves. Mico's charming small-town feel combined with its natural beauty makes it a hidden gem in Texas.

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