Loan programs in Dallas
DSCR Loans in Dallas
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 Dallas
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 Dallas
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 Dallas
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 Dallas
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 Dallas
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 Dallas
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 Dallas
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 Dallas
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 Dallas
- Uptown
- Lake Highlands
- Bishop Arts
- North Dallas
- Far North Dallas
Why borrowers look at Dallas
Dallas is a corporate headquarters town with finance, telecom, and a booming logistics corridor, pulling in young professionals and relocating families from across the country. Housing stock spans historic Tudor and mid-century homes in Lake Highlands, new townhomes in Uptown and Bishop Arts, and endless 1970s-90s suburbia across North and Far North Dallas. Buyers like the relatively low entry prices for a major metro and strong job growth; investors target the dense renter population near job centers and the constant churn of corporate relocations that keeps leases turning over. DART rail expansion and the walkable Deep Ellum and Bishop Arts corridors give urban buyers options beyond the suburbs, while older garden-apartment complexes along the corridors offer investors value-add plays with strong workforce-housing demand.
Local market snapshot: Dallas
| Median home value | $320,700City of Dallas · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
|---|---|
| Median gross rent | $1,472/moCity of Dallas · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
| Effective property tax rate | 1.41% (approx.)Dallas County, effective rate (approx.) · Source: SmartAsset, Texas Property Tax Calculator |
Homeowners insurance: North Texas sits in hail alley, and insurers price Dallas policies accordingly: frequent hail claims have driven premiums up and made roof condition a major underwriting factor. A newer impact-resistant roof can lower premiums, and buyers should budget for deductibles that are often a percentage of the insured value.
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 Dallas
- Pull the Dallas 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 Dallas.
- 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
- San Antonio
- Austin
- 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
Neighborhoods in Dallas
FAQ
What loans can I get in Dallas, 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 Dallas?
Dallas County. Lenders include those taxes in the monthly payment used to qualify you.