San Antonio rentals tend to be affordable to buy and easy to lease, thanks to steady demand from the military bases, the medical center and a growing job base. The catch on a cash-out is the Texas property tax bill, which often decides how much equity the rent can support.
In short: Our top pick for a DSCR cash-out refinance in San Antonio is LendingStreet. We qualify on the rental's income with no W-2s or tax returns, offer up to 75% LTV on cash-out, close in LLCs as standard and run the ratio on a realistic Bexar County tax figure, with sub-1.0 programs when the numbers land just short.
LendingStreet is an investor lender built around business-purpose loans on non-owner-occupied rentals. Our DSCR cash-out refinance starts at $150,000 with no stated maximum, uses a 1.0x standard minimum DSCR, needs a 620 minimum credit score and offers 30-year terms. Sub-1.0 programs are available.
It fits investors who bought with cash or a short-term loan and want the capital back, landlords who have paid down a rental for years, and owners lining up the next purchase. Get a quote with the form below, or call (877) 298-1001.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital for a DSCR cash-out refinance loan for investors in San Antonio, TX, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Rental loan above $2M | LendingStreet | Our DSCR loans have no stated maximum. LendingOne states DSCR loans up to $2,000,000 and RCN Capital states long-term rental loans up to $1.5M. |
| Credit score in the 620s | LendingStreet | Our DSCR minimum is 620. RCN Capital and New Silver state 660 minimums, and Dominion Financial states 680, with exceptions to 660. |
| 5-8 unit building | LendingStreet | We treat 1-8 units as residential DSCR. Lima One and CoreVest state 1-4 unit eligibility for their rental loans. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
In San Antonio the usual choices are a local bank or credit union, a national online DSCR lender, a private lender and LendingStreet. Here is how they compare:
| What investors need | LendingStreet | Typical bank or credit union | Typical private lender |
|---|---|---|---|
| Qualifying basis | The rent | Income, tax returns, debt-to-income | Mostly equity |
| Max cash-out LTV | Up to 75% | Varies | Varies, often lower |
| If rent is slightly short | Sub-1.0 programs | Usually declined | Varies |
| Term | 30-year terms available | Varies | Short-term |
| LLC borrowers | Standard | Varies | Common |
| Rentals in other states | All 50 states and DC | Usually local | Usually local |
Military demand anchors a lot of the market. Neighborhoods near Joint Base San Antonio-Lackland on the west side, Fort Sam Houston near the northeast, and Randolph in the Universal City, Converse and Schertz area all draw service members and civilian staff. The South Texas Medical Center supports rentals across the Northwest Side and toward Leon Valley.
Older single-family homes and small multifamily in the near East and West Sides and around Southtown offer lower entry prices, while Stone Oak, Alamo Ranch and the far North Side have newer subdivisions with HOAs. Many investors also own in New Braunfels, Boerne, Helotes and Seguin.
Texas has no state income tax and funds local government heavily through property taxes. A San Antonio bill can include the county, the city, the school district, a hospital district and a community college district, and combined rates are high compared with many states. Investors do not get homestead exemptions, so the rental's bill reflects the full appraised value.
The Bexar Appraisal District sets values each year, and owners can protest. For a cash-out, use the current year's certified value and full tax rate, and check whether the appraised value has jumped since your last bill.
Texas has strict cash-out rules for homesteads. Those rules apply to a primary residence, not to a non-owner-occupied rental refinanced under a business-purpose DSCR loan.
This example is illustrative and not a quote. An owner has a three-bedroom home in the northeast part of the city, near Fort Sam Houston, worth $265,000 and leased for $1,850 a month. The old loan balance is $95,000. Taxes are budgeted at $500 a month and insurance at $150, reflecting hail exposure.
At 75% LTV, the $198,750 loan has estimated principal and interest of about $1,356. With taxes and insurance, the payment is about $2,006 and DSCR is about 0.92x, below the 1.0x standard minimum. At 65% LTV, the $172,250 loan brings the payment to about $1,825 and DSCR to about 1.01x, and still frees about $77,250 before closing costs.
The taxes alone are roughly a quarter of the payment. The largest loan this rent supports at 1.0x is about $175,908; a sub-1.0 program may stretch further.
| Item | 75% LTV | 65% LTV |
|---|---|---|
| New loan | $198,750 | $172,250 |
| Estimated principal and interest | $1,356 | $1,175 |
| Property taxes | $500 | $500 |
| Insurance | $150 | $150 |
| Total monthly payment | $2,006 | $1,825 |
| DSCR at $1,850 rent | About 0.92x | About 1.01x |
| Cash out before costs, after $95,000 payoff | $103,750 | $77,250 |
Hail and severe storms are a regular part of South Texas weather, and many policies carry percentage-based wind and hail deductibles. Homes near creeks such as Salado, Leon and the San Antonio River may sit in mapped flood zones. Get a bound quote and a flood determination before you apply.
San Antonio requires a permit for short-term rentals, with separate rules for non-owner-occupied units in residential areas, including density limits. HOAs may prohibit nightly rentals. Where a property is properly permitted, some programs can qualify on projected short-term revenue; confirm with the city's Development Services Department first.
Put each lender through the same questions:
Up to 75% LTV on cash-out, varying by program on 5-8 units and larger balances. A 1.0x standard minimum DSCR, with sub-1.0 programs. Seasoning varies by program. LLC borrowers are standard, and loans start at $150,000 with no stated maximum.
If you own five or more San Antonio rentals, a blanket portfolio loan can pull equity from all of them in one closing, qualified on combined cash flow.
Send the address, lease, Bexar Appraisal District value, tax bill, insurance quote and payoff. We will run the ratio on the real tax figure at a few loan sizes and send options. Get a quote with the form below, or call (877) 298-1001.
Our top pick is LendingStreet. We qualify on rent with no tax returns, lend up to 75% LTV on cash-out, welcome LLC borrowers and offer sub-1.0 programs when the ratio runs just short.
Yes. We lend across Bexar County and the surrounding area, the rest of Texas and all 50 states and DC.
Usually property taxes. Investors do not get homestead exemptions, and the combined Texas rate is high, so taxes take a big share of the payment.
No. Those rules apply to a primary residence. A non-owner-occupied rental refinanced with a business-purpose DSCR loan is not a homestead.
Yes. A signed lease with a service member counts like any other long-term lease.
On some programs, if the property holds the right city permit and the HOA allows it.
Seasoning varies by program. Share your purchase date and any rehab costs.
No. Our loans are business-purpose loans on non-owner-occupied rentals.
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