DSCR up to 8 units in Midway, AL

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

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

Investment Opportunities in Midway, AL

DSCR Loan Benefits in Midway, Alabama

DSCR (Debt Service Coverage Ratio) loans in Midway, Alabama offer numerous benefits to borrowers. One key advantage is the ability to secure financing based on the property's income potential rather than personal income alone. This can be particularly beneficial for individuals looking to invest in rental properties or commercial real estate.

Midway, Alabama, a quaint town with a population of approximately 500 residents, boasts a diverse demographic makeup. The community is known for its friendly and welcoming atmosphere, making it an ideal place for families and retirees alike. The town's close-knit feel fosters a strong sense of community among its residents.

The housing market in Midway, Alabama, presents a range of opportunities for both buyers and sellers. With a median home value below the national average, the town offers affordable housing options for first-time buyers and investors. The market stability and steady property appreciation make Midway an attractive location for real estate investment.

While in Midway, visitors can explore a variety of attractions, including the scenic Midway Park, which offers hiking trails and picnic areas for outdoor enthusiasts. The town's historic downtown district features charming boutiques, restaurants, and cultural landmarks that showcase the area's rich heritage.

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