DSCR up to 8 units in Selma, AL

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

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

Investment Opportunities in Selma, AL

Benefits of DSCR Loan in Selma, Alabama

DSCR (Debt Service Coverage Ratio) loans in Selma, Alabama offer numerous benefits. These loans provide a reliable source of funding for property investments, especially for real estate investors. With a DSCR loan, borrowers can secure financing based on the property's income rather than personal income. This can be advantageous for individuals looking to expand their investment portfolio without risking personal assets.

Selma, Alabama, known for its rich history in the civil rights movement, has a population of approximately 18,370 residents. The city boasts a diverse community with a mix of cultures and backgrounds, making it a vibrant and welcoming place to live. Its affordable cost of living and strong sense of community make Selma an attractive location for individuals and families seeking a tight-knit community.

The housing market in Selma, Alabama, offers a range of opportunities for both buyers and sellers. With a median home price of $76,500, Selma's real estate market presents affordable options for first-time homebuyers and investors alike. The city's historic homes and charming neighborhoods add to its appeal, attracting individuals looking for unique and character-filled properties.

Selma, Alabama, is home to several main attractions that showcase its rich history and culture. The Edmund Pettus Bridge, a symbol of the civil rights movement, draws visitors from around the world. The National Voting Rights Museum and Institute and Old Depot Museum provide insights into Selma's pivotal role in American history. Additionally, the city's beautiful natural surroundings, including the Selma Interpretive Center and Riverfront Park, offer opportunities for outdoor recreation and relaxation.

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