DSCR up to 8 units in New Deal, TX

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

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

Investment Opportunities in New Deal, TX

Benefits of DSCR Loan in New Deal, Texas

DSCR (Debt Service Coverage Ratio) loans provide borrowers in New Deal, Texas with an excellent tool for financing real estate investments. These loans offer competitive interest rates and longer repayment periods, making them an attractive option for both experienced investors and first-time buyers.

New Deal, Texas, is a charming small town with a population of around 794 residents. The community is close-knit, offering a safe and welcoming environment for families. The town boasts a diverse population, with a mix of young professionals, retirees, and families, creating a dynamic and vibrant community.

The housing market in New Deal, Texas, is robust, with a range of properties available to suit different needs and budgets. From cozy single-family homes to spacious ranch-style properties, the town offers a variety of housing options. With the help of a DSCR loan, buyers can take advantage of favorable market conditions and invest in their dream home.

While in New Deal, visitors can explore attractions such as the historic New Deal Post Office and the beautiful Caprock Canyon State Park. The town's proximity to Lubbock provides easy access to shopping, dining, and entertainment options, ensuring residents have access to all the amenities they need.

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