DSCR up to 8 units in Novice, TX

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

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

Investment Opportunities in Novice, TX

Benefits of DSCR Loan in Novice, Texas

DSCR (Debt Service Coverage Ratio) loans offer attractive benefits for aspiring homeowners in Novice, Texas. These loans are ideal for self-employed individuals or those with non-traditional income sources as they focus on the property's income potential rather than the borrower's personal income.

Novice, Texas, is a small yet vibrant community with a population that values a close-knit neighborhood feel. The town boasts a diverse demographic, including families, young professionals, and retirees, creating a dynamic and welcoming environment for residents.

Novice's housing market is characterized by affordable prices, making it an attractive option for first-time homebuyers and investors. The market offers a variety of properties, from cozy single-family homes to spacious ranch-style houses, catering to different preferences and needs.

While Novice may be small, it offers a range of attractions that appeal to residents and visitors alike. The town's serene parks, local eateries serving delicious Texan cuisine, and community events provide ample opportunities for leisure and entertainment.

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