DSCR up to 8 units in Oakman, AL

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

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

Investment Opportunities in Oakman, AL

DSCR Loan Benefits in Oakman, Alabama

DSCR (Debt Service Coverage Ratio) loans offer numerous advantages, like providing financial leverage to invest in real estate properties in Oakman, Alabama. These loans ensure that the property's income covers all operating expenses and debt obligations, reducing the risks for lenders and borrowers.

Oakman, Alabama, a small town with a population of approximately 800 residents, boasts a tight-knit community with a charming Southern atmosphere. The town's demographics are mainly composed of families and retirees, creating a peaceful living environment.

The housing market in Oakman, Alabama, is characterized by affordable real estate prices compared to the state average. With a median home value below the national average, Oakman offers opportunities for homeownership and real estate investment at a lower cost.

While visiting Oakman, make sure to explore its main attractions like the Walker County Lake, a popular spot for fishing and picnics, and the historic Oakman Depot Museum, showcasing the town's rich history. Nature enthusiasts can also enjoy outdoor activities at the nearby William Bankhead National Forest.

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