DSCR up to 8 units in New Market, AL

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

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

Investment Opportunities in New Market, AL

Exploring the Benefits of DSCR Loans in New Market, Alabama

DSCR loans, or Debt Service Coverage Ratio loans, offer numerous benefits for residents of New Market, Alabama. These loans provide financial flexibility by allowing borrowers to use the rental income from their property to qualify for a loan, making it easier to secure financing for real estate investments.

Demographically, New Market is a vibrant community with a population that is diverse in age and background. The town has a strong sense of community, with residents who take pride in their local area and support one another in various endeavors.

In terms of the housing market, New Market offers a range of options for prospective buyers, from affordable starter homes to luxurious estates. The market is competitive but stable, making it an attractive location for both first-time buyers and seasoned investors.

Some of the main attractions in New Market include the picturesque Flint River, which offers opportunities for fishing and boating, as well as the charming downtown area with its local shops and restaurants. Additionally, outdoor enthusiasts will appreciate the proximity to hiking trails and parks for recreation.

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