Get Approved at The Lowest Rate
DSCR loan in Palm Springs, CA 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 Palm Springs, CA, and many other cities throughout Texas and the US.
Buy-and-hold investors in Palm Springs, CA 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 Palm Springs, CA real estate investors have you covered.
DSCR (Debt Service Coverage Ratio) loans offer competitive interest rates and longer repayment periods, making them ideal for real estate investors in Palm Springs. The loan structure allows investors to leverage rental income from properties to secure financing without relying solely on personal income. Demographics: Palm Springs, California, boasts a diverse population with a median age of 53. The city attracts both retirees and young professionals due to its vibrant culture, beautiful landscapes, and warm weather. The median household income is $55,929, and the city continues to experience growth in population year over year. Housing Market: The housing market in Palm Springs is competitive but offers a wide range of options from luxurious desert estates to more affordable single-family homes. The median home price is $610,000, with a steady appreciation rate. The market is attractive for both homebuyers and investors looking for rental income opportunities. Main Attractions: Palm Springs is renowned for its stunning natural beauty, golf courses, and vibrant arts scene. Visitors and residents alike enjoy exploring the Palm Springs Aerial Tramway, the Indian Canyons, and the famous Palm Springs Walk of Stars. The city also hosts numerous events and festivals throughout the year, making it a hub for entertainment and leisure.
Benefits of DSCR Loans in Palm Springs
