Texas Investor Loans and Mortgages Overview
Our Mission – DB Capital & Urban Coyote Holdings, LLC – Investor Loans and Mortgages in Texas and beyond
This is our Investor Loan “overview” page, ( Below is a quick summary of the market for “landlord” & rental property loans.) We can arrange funding in Texas and most metro areas with population of 15,000+)
***DSCR and landlord loan rates are up. Ask about interest only loans or alternative loans to DSCR, try our portfolio loans, rates in 7s today. (UPDATED 5 19 – 22)
call or submit quick loan scenario :***** quick answer call 214 824 0417 or submit quick scenario – Texas Investor Loan Scenario. (DSCR, BRRR,Stated, more…)
****SEE OUR BASIC LOAN NEEDS AND PRINT THE LANDLORD LOAN CHECKLIST ****
We are DB Capital (an Urban Coyote Holdings, llc – Texas company) and have been in business since 2009 and our team since 2002.
SECTION 1) Types of rental property loans AVAILABLE (updated AUG 1, 2021) – quick summary of type loans available as portfolio loan or institutional, asset based, BRRR, DSCR, “stated income” , more..
(WE OFFER LL AVAILABLE LOANS ) “BRRR” – REHAB TO RENTAL)
DSCR Loans for Investors (Based on Property Cash-flow , best rate program), these are the best rates…
Credit Based (Based on LTV and Credit score)
Up to 80% LTV on rental & investment property loan in Texas and other metro areas in US
Texas loans for investors, – to keep it simple, we have 30 year loans from 4% range for interest rate. We have stated / low doc/ No DSCR loans from the 3′ (3s% range for interest) . We have more detail explanation below. Interest rate is derived from several factors, the more you have the better the rate (LTV, credit, property value and cash flow, borrower income documentation, population …)
Do you Qualify
*****If you want a quick answer call 214 824 0417 or submit quick scenario – Texas Investor Loan Scenario.
Borrowers , Know your rent, expenses (tax, insurance , etc…) When you purchased , how much, total repair costs. (Did you Rehab to Rent?)
SECTION 3 ) DOCUMENTATION TYPES BY LOAN:
Types of loan Documentation and expected LTV and Rate ranges for Investment property morgages.
******NEW PROGRAMS – AND OTHER LOANS for INVESTORS ,FLIPPERS, LANDLORDS
***** NEW BRIDGE loans *** 1-2 year bridge loans rates from 5.5 – 7% , 200k – 1.5 million in Texas and the Southwest, good for higher priced homes. No credit min, good for property that has loan coming due, or maybe doesnt cash flow properly now. Gives you time to remedy the short term situation.
More on 3 basic types of loans for our Texas Investors : MORE DETAIL ON INVESTMENT LOAN UNDERWRITING
- The following 3 categories (portfolio loans , both institutional grade and private funds are our specialty, and 3rd Institutional Long term (non qm , “wall street” type funding)
- Portfolio Loans : Typically Banks, Credit Union, Life insurance companies and some non bank private funds (These are not mortgage banks) – Portfolio , or Balance Sheet lending loans , These are “story” loans. Maybe you have been turned down because you are self employed, or fluctuations in income. If your “story” is strong, meaning you have explanations, good cash reserves, compelling experience, other we can make loans that conventional banks will not or cannot fund.
- 2..****(THE MOST FLEXIBLE ) Private (non institutional ) – hard money ,Non Bank: (Hedge Funds, Private individuals and small funds,even crowd funding)- higher rates (5% +plus) but if you have recent poor credit, not much income to show , out town owner of rental property , or other reasons these may be the best option.(1-4 unit investment rentals).3. These low rate long term loans but rigid in credit score (most today require 680)”no income” loans and stated loans would fall under this category. No DSCR loans would typically fall here if long term.
- 3. ***STATED INCOME (DSCR, ASSET BASED, GOOD FOR BRRR) ***The lowest rate of the “non bank” or “non QM” loans.
- Even long term loans for those with scores under 600 (rates are in 8s for under 600 scores)
- You have quick request?, tell us your investment (Step1)loan scenario only- not an applicatiion, but scnario pitch****click(short online qualifier) (for all investor loans and portfolio/altern
RATES:
- Vary from 4 to 10% (pending size, complexity, and overall deal strength)
- Loans from 75k – 2 million (can be more)
- 1 year to 30 year loans
Texas and select states