Loan programs in Austin
DSCR Loans in Austin
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
InvestorFix and Flip Loans in Austin
A fix and flip loan is short-term (usually 12–18 months), interest-only financing that covers most of a distressed property’s purchase price and up to 100% of renovation costs, repaid when you sell or refinance.
InvestorDSCR Cash-Out Refinance in Austin
A DSCR cash-out refinance replaces the loan on a rental with a larger one, sized to the property’s value and qualified on its rent, and pays you the difference in cash.
InvestorShort-Term Rental (Airbnb) DSCR Loans in Austin
A short-term rental DSCR loan qualifies a vacation rental on its nightly-rental income, using 12 months of booking history or a third-party projection such as AirDNA, instead of a long-term lease.
Home loanBank Statement Loans in Austin
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Home loanFHA Loans in Austin
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Home loanFirst-Time Homebuyer Loans in Austin
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.
Home loanVA Loans in Austin
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs that lets eligible veterans, active-duty service members and certain surviving spouses buy with no down payment and no monthly mortgage insurance.
Home loanCondo Loans in Austin
A condo loan is a mortgage on a unit in a condominium project, and approval depends on the building as well as the buyer.
Neighborhoods in Austin
- Zilker
- Hyde Park
- Mueller
- Crestview
- South Congress
Why borrowers look at Austin
Austin tech workforce, university population, and creative class have transformed a once-sleepy capital into one of the priciest housing markets in Texas. Housing mixes 1930s-50s bungalows in Hyde Park and Crestview, redeveloped lots in Mueller, and luxury infill near Zilker and South Congress. Buyers compete hard for central locations, with many spilling into the suburbs for value. Investors face high acquisition costs but benefit from relentless population growth, a deep tenant pool of young professionals, and a market where new supply rarely stays ahead of demand for long. The University of Texas and state government provide an employment floor that tech booms build on, while East Austin and the eastern crescent offer relatively more attainable entry points for buyers priced out of the central core.
Local market snapshot: Austin
| Median home value | $555,300City of Austin · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
|---|---|
| Median gross rent | $1,729/moCity of Austin · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
| Effective property tax rate | 1.34% (approx.)Travis County, effective rate (approx.) · Source: SmartAsset, Texas Property Tax Calculator |
Homeowners insurance: Austin premiums reflect hail exposure and growing wildfire risk on the western hills, with statewide rate increases hitting Central Texas hard in recent years. Newer roofs and updated electrical and plumbing can earn meaningful discounts from carriers still writing in the market.
Figures are the most local reliable public data available (city, then county, then statewide), each labeled above. They are context for your payment estimate, not a quote, run your scenario through our payment calculator.
Before you buy or refinance in Austin
- Pull the Travis County property tax bill early; it is part of every payment and DSCR calculation.
- Get an insurance quote before you lock a price.
- For rentals, check rent comps and any local rental registration or short-term rental rules in Austin.
- Texas home-equity cash-out on a homestead (Section 50(a)(6)) is capped at 80% of value with a 12-day notice and a 3-day right of rescission. Investment property cash-out is not subject to the homestead rules, which is one reason DSCR cash-out is popular with Texas investors.
Run the numbers
- DSCR Calculator
- Fix and Flip Profit Calculator
- Mortgage Payment Calculator
- Home Affordability Calculator
Other Texas cities
- Houston
- Dallas
- San Antonio
- Fort Worth
- Arlington
- Plano
- El Paso
- Corpus Christi
- Frisco
- McKinney
- Lubbock
- Killeen
- Irving
- Garland
- Laredo
- Amarillo
- Waco
- Round Rock
- Pearland
- Sugar Land
- Conroe
- College Station
- Brownsville
- McAllen
- Denton
- Midland
- Tyler
- Beaumont
- Grand Prairie
- Pasadena
- Mesquite
- Carrollton
- Abilene
- Richardson
- Odessa
- League City
- The Woodlands
- Lewisville
- Allen
- Wichita Falls
- Edinburg
- San Angelo
- New Braunfels
- Atascocita
- Mission
- Bryan
- Baytown
- Temple
- Longview
- Pharr
- Cedar Park
- Flower Mound
- Missouri City
- Mansfield
- Harlingen
- North Richland Hills
- San Marcos
- Georgetown
- Victoria
- Pflugerville
- Rowlett
- Spring
- Euless
- Leander
- Wylie
- DeSoto
- Port Arthur
- Galveston
- Texas City
- Grapevine
FAQ
What loans can I get in Austin, TX?
Investor loans (DSCR, fix and flip, cash-out, short-term rental) and owner-occupied home loans (bank statement, FHA, VA, conventional and more).
Who assesses property taxes in Austin?
Travis County. Lenders include those taxes in the monthly payment used to qualify you.