DSCR up to 8 units in Philo, CA

DSCR loan in Philo, 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 Philo, CA, and many other cities throughout Texas and the US.

Basic DSCR Loan Terms in Philo, CA

  • 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 Philo, 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 Philo, CA real estate investors have you covered.

Investment Opportunities in Philo, CA

Benefits of DSCR Loan in Philo, California

DSCR (Debt Service Coverage Ratio) loans in Philo, California offer numerous benefits to both lenders and borrowers. These loans are primarily used in commercial real estate financing and provide a cushion for unexpected financial challenges by ensuring that the property generates enough income to cover debt payments.

Demographics: Philo, California, a charming small town in Mendocino County, has a population of approximately 349 residents. The town is known for its vineyards and wineries, attracting tourists and wine enthusiasts from around the world.

Housing Market: The housing market in Philo offers a mix of traditional homes, vineyard estates, and vacation properties. The median home price in Philo is $680,000, with an increase of 8.5% compared to the previous year. The market is stable and attracts both local buyers and investors.

Main Attractions: Philo is home to several popular attractions, including the famous Navarro River Redwoods State Park, providing breathtaking views and outdoor activities such as hiking and camping. The town also hosts the annual Mendocino County Fair and Apple Show, showcasing the region's agricultural heritage.

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