DSCR up to 8 units in Pennington, AL

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

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

Investment Opportunities in Pennington, AL

DSCR Loan Benefits in Pennington, Alabama

DSCR (Debt Service Coverage Ratio) loans offer several benefits for aspiring homeowners in Pennington, Alabama. These loans provide a straightforward way to assess an individual's ability to cover their debt obligations, ensuring financial stability.

Demographically, Pennington is a tight-knit community with a population that values tradition and community involvement. The majority of residents are families, contributing to a safe and welcoming environment for individuals considering homeownership in the area.

The housing market in Pennington is characterized by affordable prices and a variety of housing options, ranging from cozy single-family homes to spacious estates. With the assistance of DSCR loans, potential homeowners can navigate the market with confidence and secure their dream home.

Pennington boasts a range of attractions, including beautiful parks, local eateries serving delicious Southern cuisine, and opportunities for outdoor activities like hiking and fishing. The town's rich history and charm make it an appealing location for individuals looking to settle down and enjoy a slower pace of life.

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