$340,000
Median Home Price
$385,000
Avg. Loan Amount
72+
Licensed Lenders
12+
Major Markets
Texas Real Estate Market
Why Non-QM loans are popular in Texas
No state income tax attracts high-income professionals and businesses
Rapidly growing metros like Austin and Dallas drive investor demand
Strong oil & gas industry creates unique income documentation needs
Large Hispanic population benefits from ITIN lending programs
Cash-out refinance popular for business owners
Investment property market thriving in major metros
Popular Non-QM Programs in Texas
These loan programs are especially popular among Texas borrowers
Top Texas Markets We Serve
Non-QM lending available throughout Texas
Texas Lending Regulations
Texas is regulated by the Department of Savings and Mortgage Lending (DSML). Texas has unique homestead laws that affect cash-out refinances on primary residences (limited to 80% LTV). All mortgage companies must be licensed under the Texas Finance Code.
Texas Non-QM Loan FAQs
Common questions about Non-QM loans in Texas
What are Texas's unique lending rules I should know about?
Texas has homestead protection laws that limit cash-out refinances on primary residences to 80% LTV. This applies to all loan types, including Non-QM. Investment properties are not subject to this restriction.
Can I get a Non-QM loan for a rental property in Texas?
Absolutely! DSCR loans are extremely popular in Texas for investment properties. You can qualify based on the property's rental income, and Texas's strong rental markets in Houston, Dallas, and Austin make these loans very attractive.
Are Non-QM loans available in rural Texas areas?
Yes, Non-QM loans are available throughout Texas, including rural areas. Some lenders may have minimum population requirements, but most major metros and surrounding counties are well-served.
What down payment do I need for a Non-QM loan in Texas?
Down payment requirements vary by program. Bank statement loans typically require 10-20% down, DSCR loans usually require 20-25% down, and some programs offer options as low as 10% for qualified borrowers.
How does Texas's no income tax affect my loan qualification?
Texas's lack of state income tax can actually help your qualification by increasing your net income. For bank statement loans, your deposits may show higher amounts compared to states with income tax withholding.
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