DSCR up to 8 units in Shannon, AL

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

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

Investment Opportunities in Shannon, AL

Benefits of DSCR Loan in Shannon, Alabama

DSCR (Debt-Service Coverage Ratio) loans provide numerous advantages to borrowers in Shannon, Alabama. These loans offer a more flexible qualification process, lower down payment requirements, and better terms for financing income-generating properties.

Shannon, Alabama, is a charming town with a population that values community and heritage. The demographics of Shannon show a diverse mix of residents, including families, young professionals, and retirees, creating a dynamic and welcoming environment.

The housing market in Shannon, Alabama, is characterized by affordable prices, a variety of property types, and steady appreciation rates. The availability of DSCR loans further boosts the real estate market by assisting buyers in acquiring properties that align with their investment goals.

Shannon, Alabama, boasts several main attractions that draw visitors and residents alike. From picturesque parks and outdoor recreational activities to local shops and eateries, Shannon offers a high quality of life amidst its natural beauty and small-town charm.

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