DSCR up to 8 units in Princeton, AL

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

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

Investment Opportunities in Princeton, AL

Benefits of DSCR Loan in Princeton, Alabama

Benefits

A Debt Service Coverage Ratio (DSCR) loan helps investors assess the property's ability to generate sufficient income to cover the mortgage payments. This type of loan provides financial stability and potentially lower interest rates for property investors in Princeton, Alabama.

Demographics

Princeton, Alabama, is a diverse community with a population of around 8,000 residents. The town boasts a mix of professionals, families, and retirees, creating a vibrant and welcoming atmosphere.

Housing Market

The housing market in Princeton offers a range of property options, from historic homes to modern apartments. The market is stable, with steady appreciation rates, making it an attractive location for both homeowners and investors.

Main Attractions

Princeton is known for its picturesque parks, charming downtown area, and rich history. Residents and visitors can enjoy outdoor activities, local dining, and cultural events, making it a desirable place to live and visit.

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