DSCR up to 8 units in Wallace, CA

DSCR loan in Wallace, CA 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 Wallace, CA, and many other cities throughout Texas and the US.

Basic DSCR Loan Terms in Wallace, CA

  • 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 Wallace, CA 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 Wallace, CA real estate investors have you covered.

Investment Opportunities in Wallace, CA

Benefits of DSCR Loan in Wallace, California

Debt Service Coverage Ratio (DSCR) loans offer numerous advantages to borrowers in Wallace, California. These loans allow investors to finance properties without relying solely on personal credit scores, as the property's income potential is a key factor in loan approval. This can be especially beneficial for real estate investors looking to expand their portfolio.

Encompassing a population of approximately X residents, Wallace, California, is a diverse community filled with opportunities. The median household income is above the national average, making it an attractive location for both investors and homeowners looking to settle in a financially stable neighborhood.

The housing market in Wallace, California, is thriving with a variety of property options available, from single-family homes to multi-unit buildings. The average home prices have seen a steady increase over the past few years, indicating a strong market demand and potential for appreciation in property values.

Some of the main attractions in Wallace include the picturesque Wallace State Park, known for its hiking trails and camping grounds. Additionally, the historic downtown area offers a charming mix of boutique shops, cafes, and restaurants, making it a vibrant hub for locals and visitors alike.

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