DSCR up to 8 units in Sherman, TX

DSCR loan in Sherman, TX 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 Sherman, TX, and many other cities throughout Texas and the US.

Basic DSCR Loan Terms in Sherman, TX

  • 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 Sherman, TX 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 Sherman, TX real estate investors have you covered.

Investment Opportunities in Sherman, TX

Benefits of DSCR Loan in Sherman, Texas

DSCR loans in Sherman, Texas offer numerous benefits, including competitive interest rates, longer repayment periods, and flexibility in terms of loan amounts. Borrowers can enjoy lower monthly payments and higher loan approval rates compared to traditional mortgages.

Sherman, Texas, a city in Grayson County, has a population of approximately 42,000 residents. The city boasts a diverse population with a median age of 36 years old. The median household income in Sherman is $45,000, making it an attractive location for families and individuals looking for affordable living options.

The housing market in Sherman, Texas is thriving, with a mix of historic homes and modern developments. The median home value in Sherman is $160,000, making it an affordable option for home buyers. The real estate market is stable, offering opportunities for both buyers and sellers.

Some of the main attractions in Sherman, Texas include the Harber Wildlife Museum, the Kelly Square Historic District, and the Eisenhower Birthplace State Historic Site. Residents and visitors can also enjoy outdoor activities at Herman Baker Park and exploring local shops and restaurants downtown.

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