Rental Loans for Texas Investment Property
Purchasing or refinancing a Texas investment property?
We help real estate investors get 30 year rental loans for Texas investment properties. Our network of private money lenders offer competitive rates on these loan options:
- 30-year rental property loans
- Vacation rental loans
- Rental portfolio loans
Benefits of working with us:
- Rates start at 6.75%
- Fast closings
- No unnecessary paperwork
- No personal income verification
- No personal tax returns
- No lease requirements
- No hard pull on credit score
Types of Investment Property Loans
Here are the different types of Texas rental loan programs we specialize in.
Texas Minimum Rental Loan Requirements
These are our minimum loan requirements to finance a Texas investment property.
Min. Credit Score: 660
The minimum credit score for a hard money loan is 660. A private money lender will start by running a soft pull on your credit report. Since higher credit scores signal financial stability, these usually come with lower interest rates.
Min. Loan Amount: $75k
The minimum investment property loan amount is $75,000.
Minimum Documentation
- TX Driver’s License or State ID
- TX Articles of Incorporation
- TX Articles of Organization (LLC)
- LLC Operating Agreement
- EIN Number or Letter
- TX Certificate of Good Standing
Ability to Pay Monthly Payment
Conventional loan lenders compare your personal income to your monthly loan payment, primary residence mortgage and more. Private lenders look at the property appraised value, potential monthly cash flow, fair market rent, etc.
Ability to Repay the Loan
This will depend on the type of loan, current interest rates, down payment size and other factors. Traditional banks look at 2 years of personal tax returns, employment history, cash reserves and your credit report. Hard money lenders will look at acquisition purchase price, after-repair value, construction costs, potential monthly rental income, Texas rental market trends, etc.
Larger Down Payment
Real estate investment loans generally require a larger down payment. Expect a 10-35% down payment.
FAQ for Investment Property Loans
What type of investment property loans do you offer?
Curlee Capital works with private lenders who offer:
- Purchase 30-year rental loans
- Refinance loan options
- Cash out financing
- Fix and flip loans
- ARM rental property financing
- Multi-family loans
Why are the interest rates higher for investment properties?
Hard money loans are specifically designed for real estate investing. Unlike a traditional mortgage, real estate investors do not have to provide personal income, tax returns or even employment history.
For example, rental loans for multi-family properties (landlord loans) are based on the potential revenue stream (monthly rental income) they can generate. Therefore, lenders take on more risk when issuing multi-family loans.
Is a Texas rental property a good investment?
Texas has a thriving economy, landlord-friendly laws, affordable rental properties, no state income tax and a population of over 30,029,572 people. This makes it an ideal state for real estate investors.
Texas Fiscal Notes, “During the last five to six years, a record number of young people have moved here looking for work. More than 50 percent of the state’s population is 34 years old or younger.“
Where do people rent the most in Texas?
According to Forbes, Homebay and other real estate publications, these are the best cities for Texas real estate investors who want to rent out properties. While Fort Worth has a great rental market, Austin outranks every large U.S. metropolitan area when it comes to monthly mortgage costs for starter homes compared to the city’s average rent price.
- Fort Worth
- Garland
- Austin
- Dallas
- Houston
- San Antonio
Is Texas a good state for landlords?
Texas is a very landlord-friendly state. There are no rent controls or rent increase limitations. If you’re interested in Texas rental property financing, contact us below to get started.
Does rent go up every year in Texas?
According to the Texas State Law Library, “There is not a statewide law that places limits on how much a landlord can increase the rent when a lease is renewed.” Real estate publications reported that Texas cities were experiencing 10-21% annual rent increases.
Curlee Capital LLC
Curlee Capital LLC specializes in Texas investment property loans. We’re part of the Real Estate Council in Austin (RECA), Austin Chamber of Commerce and many other real estate associations across the United States. We proudly maintain an A+ rating on Better Business Bureau.
We work with dozens of private lenders and have access to all types of Texas loan programs. Every lender has a different risk tolerance and approves different borrowers. Our expertise is in matching a borrower to a lender who will approve a loan with the best loan terms and interest rates for that specific scenario.
Get Pre-Approved for a Texas Rental Loan
Contact us to purchase or refinance an investment property in Texas.
Contact us to get:
- Free consultation
- Hard money lender expertise
- Less than 1 hour response time
- Up to 80% LTV
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