DSCR up to 8 units in Needham, AL

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

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

Investment Opportunities in Needham, AL

The Benefits of DSCR Loan in Needham, Alabama

A Debt Service Coverage Ratio (DSCR) loan in Needham, Alabama offers several advantages to borrowers. One key benefit is that it allows investors to finance income-producing properties without relying solely on personal income. This can help diversify investment portfolios and reduce personal liability.

Demographics in Needham, Alabama show a small, tight-knit community with a population that values a simple, yet fulfilling life. The town boasts a diverse population with a strong sense of community spirit and neighborly bonds. Needham is known for its friendly residents and welcoming atmosphere.

The housing market in Needham, Alabama is characterized by affordable property prices and a stable real estate market. Housing options range from cozy single-family homes to spacious estates, catering to a variety of preferences and budgets. With a low cost of living and favorable mortgage rates, Needham attracts both first-time homebuyers and seasoned investors.

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