Get Approved at The Lowest Rate
DSCR loan in Millican, 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 Millican, TX, and many other cities throughout Texas and the US.
Buy-and-hold investors in Millican, 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 Millican, TX real estate investors have you covered.
DSCR (Debt Service Coverage Ratio) loans offer financial benefits to borrowers in Millican, Texas by providing a way to finance income-producing properties. These loans are based on the property's cash flow rather than the borrower's credit score, making them accessible to a wider range of investors. DSCR loans typically have lower interest rates and higher loan amounts compared to traditional mortgages, making them an attractive option for real estate investments. Millican, Texas, located in Brazos County, has a population of approximately 240 people. The town boasts a rich history and a close-knit community. The median household income is above the national average, providing a stable economic environment for residents and businesses alike. The diverse demographic mix adds to the town's charm and cultural significance. The housing market in Millican offers a mix of historic homes and modern developments. The median home value is competitive, making it an ideal location for investors looking to capitalize on the growing real estate market. With a relatively low cost of living and a strong rental demand, investing in properties in Millican can offer a steady income stream and potential for long-term appreciation. Some main attractions in Millican include the Millican Reserve, a nature preserve offering hiking and biking trails, and the historic Millican Blacksmith Shop, a landmark showcasing the town's rich past. The community also hosts regular events and festivals, bringing residents together and fostering a sense of belonging and pride in the town's heritage.
Benefits of DSCR Loan in Millican, Texas
