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Rates

Texas DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 5.80%

Rental property financing for Texas investors qualified on property cash flow, not personal income, W-2s, or tax returns. Serving Houston, Dallas, San Antonio, Austin and the rest of Texas. If the property cash-flows at 1.2× the mortgage, you may qualify.

  • 1.2 DSCR minimum
  • Credit is lender underwriting
  • Best-tier from 5.80%
  • 21–30 day close

Indicative as of August 1, 2026. Not a quote. Lenders set final pricing at underwriting.

See If You QualifyCalculate Your DSCR

Can I get a DSCR rental loan in Texas?

Yes. DSCR loans in Texas qualify investors based on property cash flow with a 1.2 DSCR minimum. Credit and equity injection are lender underwriting. PeerSense does not set a FICO floor. No tax returns, W-2s, or DTI calculation required. 1–4 unit residential and 5+ unit multifamily eligible. Governed best-tier floor 5.80% from rate-floors.json.

Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated August 1, 2026.

Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.

Texas Rental Market Snapshot

State-level data DSCR underwriters use to size Texas rental deals.

Median Home Price
$305K
Statewide single-family
Gross Rental Yield
5.5–8.5%
Annual rent / price
Eviction Timeline
21–30 days
landlord-friendly
Rate Adjustment
neutral
vs national baseline

Texas is the #1 DSCR origination state by unit count. No state income tax, no rent control, the fastest eviction process in the major-metro footprint, and a deep four-city base of Houston, DFW, San Antonio, and Austin make TX the default starting point for new DSCR investors. The catch is Texas property taxes, at 1.6–2.5% of assessed value, taxes can push 25–35% of PITIA. Always verify current ad valorem before underwriting.

Major Texas Markets We Serve

Active DSCR deal flow across Texas's core rental markets. Same DSCR math statewide. Credit and equity injection are lender underwriting.

MetroMedian PriceGross YieldDSCR Investor Notes
Houston$285K6.5–8.5%Largest TX market, energy/medical employment, deep SFR rental inventory
Dallas$365K5.5–7.0%DFW Metroplex, broadest job base, fastest jumbo growth, premium suburb demand
San Antonio$265K6.5–8.0%Military rental demand from JBSA, lower entry price, growing STR market downtown
Austin$555K4.5–5.5%Tech-driven premium pricing, lower yields, STR Type-2 permit cap limits supply
Texas investor note:Texas has no state income tax, no statewide rent control, and is one of the largest DSCR markets by loan volume. Closings typically run 21–30 days.

Texas Eviction Timeline & Landlord Posture

How Texas courts handle non-payment evictions, material to DSCR loss-severity assumptions.

Posture
landlord-friendly
Typical Timeline
21–30 days
Rent Control
None / preempted

Texas Property Code Chapter 24 allows a 3-day notice to vacate followed by forcible detainer in JP court. Hearings are scheduled 10–21 days after filing. Among the fastest landlord-remedy jurisdictions in the country.

Texas Rate Adjustment vs National Baseline

neutralover national baseline pricing

Fastest eviction process and rent-control preemption keep loss severity below national average; Texas property tax burden is the main DSCR-denominator drag.

Final pricing depends on DSCR, LTV, property type, and program. Credit is lender underwriting. Governed best-tier floor 5.80% from rate-floors.json as of August 1, 2026.

DSCR Lenders Active in Texas

The non-bank DSCR programs we see most frequently funding Texas rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.

  • Kiavi
  • Visio Lending
  • Lima One
  • CoreVest
  • RCN Capital

PeerSense is independent, not a lender. Lenders listed are programs we have funded Texas deals through; specific terms vary by file.

Texas DSCR Loan Requirements

RequirementMinimumNotes
DSCR1.201.00+ exists on specialty programs. Credit and equity are lender underwriting.
CreditLender underwritingPeerSense does not set a FICO floor. Capture the score on the form.
EquityLender underwritingPurchase DSCR is commonly structured around 65 to 75% LTV. PeerSense does not set a typical down.
Property Type1–4 units or multifamilyCondos, townhomes, STRs OK where legal
Income DocsNoneNo tax returns, W-2s, DTI check
Reserves6 months PITIAChecking, savings, stocks qualify
Close Time21–30 daysCash-out refi: 14–21 days

Not a commitment to lend. Rates and terms subject to underwriting. See our full DSCR loan guide for the complete program.

Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.

Get Texas DSCR Loan Terms

DSCR Rental: Response within 24–48 hours. No obligation.

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