investment property financing in Texas & investor resources  


An investment loan will be far more scrutenized from an underwriting point. Summit Lending understands the differences in a loan for rental property and an owner occupied residence. From 0 down, to no income verification, no documentation, cashouts with no seasoning. APPLY ONLINE, (link to application at Texasmortgagehome.com)for quick prequalification.

A Texas investment loan can be used for rental property (non-owner occupied loans) 1-4 units. Investment property loans are usually a higher interest rate than an owner occupied, or non investment loan.

Texas investment property loans come with more options today than ever before. Whether your income property loan is for Purchase or refinance up to 100% financing is available. There are even interest only or option arms that are tools to increase your monthly cash flow. A single borrower can often finance and unlimited amount of properties if set up correctly. The 10 properties limit is for fannie mae. Visit our loan submission site for loan applications and investment loan scenarios.


  • rehab to rental (see description below)
  • cashout (no seasoning)
  • purchase to 90% loan to cost (with hard money, banks need 20%)
  • no limit on number of properties owned (local banks only)
  • all income documentation types (stated with hard money only)

Let us show you how to turn your rehab properties to investment and income properties with almost zero money down or out of pocket. With the use of banks and private money turn distressed investment property into income producing property.


Income /investment property funding - the most important part of your project?

Investment loans……What is your strategy?

Below is a brief summary of how to finance Texas investment property.
1. The 3 basic sources

Bank (local) financing (typically for short term solutions)
Private/ hard money (again, short term for rehab or quick acquisitions)
Long term financing/mortgages: (for purchase of currently occupied or move in condition properties. We use to refinance bank and private money loans)

2. common problems associated with investment property financing

Some problems you may have faced in the past for investment property loans:

No limit on number of properties
90% cashouts/ stated
seller carried 2nds to 100% CLTV
no landlord experience
no reserve requirements (lender stated you lacked proper reserves)
no job verification

3. Quick analysis of the initial financing decision:

Short term/rehab loan: you need an investment loan to acquire property to rehab
            And sell. Maybe you need a loan to secure your investment real estate
            To fix and turn into a rental.
REHAB TO RENTAL: Let us show you how to acquire with private money  or bank money. Then let us refinance your bridge loan into long term financing for Texas rental property.

Long term financing: You found a property that is ready for renters or is currently occupied by renters. You need  to be pre-approved.


Getting started - Get a pre-approval

What is the difference between pre-approval and pre-qualification?

The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter. Pre-approval includes all the steps of a full approval, except for the appraisal and title search. Pre-approval can put you in a better negotiating position, much like a cash buyer. Preapproval is almost like a line of credit and if you are competing against other buyers for a property without preapproval your offer will be considered before those without preapproval.




invetor resources