DSCR Up To 8 Units New London, TX

DSCR up to 8 units in New London, TX

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

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

Investment Opportunities in New London, TX

Benefits of DSCR Loan in New London, Texas

A Debt-Service Coverage Ratio (DSCR) loan in New London, Texas offers several benefits. These loans are ideal for investors as they provide a more thorough assessment of a borrower's ability to repay a loan by factoring in all of their debts. This can lead to lower interest rates and higher loan approval rates.

Demographics

New London, Texas, is a vibrant community with a diverse population. The town's demographics include a mix of young families, professionals, and retirees. The area boasts a strong sense of community and a low cost of living compared to larger cities, making it an attractive place to live and invest.

Housing Market

The housing market in New London, Texas, is flourishing. With a range of housing options from historic homes to modern developments, there is something for everyone. The market is stable, with steady appreciation rates, making it a wise investment choice for those looking to buy or sell property.

Main Attractions

New London, Texas, is home to various main attractions that draw visitors and residents alike. From the charming downtown area filled with shops and restaurants to outdoor recreational activities like hiking and fishing, there is always something to see and do in this vibrant town.