DSCR up to 8 units in Spanish Fort, AL

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

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

Investment Opportunities in Spanish Fort, AL

Benefits of DSCR Loan in Spanish Fort, Alabama

A DSCR (Debt-Service Coverage Ratio) loan offers various benefits to investors looking to finance income-producing properties in Spanish Fort, Alabama. One of the primary advantages is the ability to secure financing based on the property's income potential rather than the investor's credit score.

Demographics in Spanish Fort, Alabama, show a growing community with a mix of young families and retirees. The city boasts a median household income above the national average, making it an attractive location for real estate investment.

The housing market in Spanish Fort is vibrant, with a range of property options including single-family homes, townhouses, and apartments. The market has shown steady appreciation in property values over the past few years, presenting opportunities for investors seeking long-term growth.

Main attractions in Spanish Fort include the Historic Blakeley State Park, offering nature trails and historical sites, as well as the 5 Rivers Delta Resource Center for outdoor enthusiasts. The city's proximity to Mobile Bay provides residents with water activities and scenic views.

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