DSCR up to 8 units in Mobile, AL

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

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

Investment Opportunities in Mobile, AL

Benefits of DSCR Loan in Mobile, Alabama

DSCR (Debt Service Coverage Ratio) loans offer numerous benefits for individuals looking to invest in real estate in Mobile, Alabama. These loans are ideal for investors as they assess the property's ability to generate income to cover its operating expenses and debt obligations.

Demographically, Mobile is a vibrant city with a diverse population that includes a mix of young professionals, families, and retirees. The city's cost of living is affordable, making it an attractive place for real estate investment.

Mobile's housing market is steadily growing, with a range of properties available for investment. The city offers a variety of housing options, from historic homes in charming neighborhoods to modern condos overlooking the waterfront.

Some of Mobile's main attractions include its rich history, beautiful beaches, and vibrant arts and culture scene. Visitors and residents alike can enjoy the annual Mardi Gras celebrations, explore the USS Alabama Battleship Memorial Park, or relax on the sandy shores of Dauphin Island.

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