San Antonio rentals tend to pencil on price but get tested on property taxes. Military families, hospital staff and university students keep demand steady, while Texas tax bills decide how much loan the rent can carry.
In short: Our top pick for San Antonio is LendingStreet. We approve DSCR loans on the property's rent, not your tax returns, with LLC borrowers as standard and 30-year terms available. Purchases go up to 80% LTV and cash-out refinances up to 75%, from $150,000 with no stated maximum, and we review files the way local investors need: on the realistic Texas tax bill. Get a quote with the form below or call (877) 298-1001.
LendingStreet finances business-purpose DSCR loans on non-owner-occupied rentals across Bexar County and the surrounding suburbs: single-family homes, duplexes, fourplexes and buildings of up to 8 units. Qualification rests on the lease or market rent, the credit minimum is 620, and the standard DSCR minimum is 1.0x, with sub-1.0 programs where they fit.
Our loans suit the investor buying near the bases or the Medical Center, the self-employed owner whose returns show heavy write-offs, and the landlord who wants to refinance a paid-down rental and reinvest. Send the address and the rent, and we will run the ratio with you before you make an offer.
Investors searching for DSCR lenders often compare national names like CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in San Antonio, TX. In every scenario below, LendingStreet is the best fit.
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. |
Here is a fair, general look at the lender types San Antonio investors usually call, on the questions that matter for a long-term rental.
| What matters on a rental loan | LendingStreet | Typical local bank | Typical private or hard money lender |
|---|---|---|---|
| Income documents | None; the rent qualifies the loan | Tax returns and debt-to-income review are common | Light, but the loan is short |
| Entity borrowing | LLC borrowers are standard | Varies | Common |
| Hold period | Built for long-term rentals, 30-year terms available | Varies | Usually months, not years |
| Max LTV on a purchase | Up to 80% | Varies | Varies |
| Max LTV on cash-out | Up to 75% | Varies | Varies |
| Credit minimum | 620 | Often higher for investors | Varies |
Joint Base San Antonio, with Fort Sam Houston, Lackland and Randolph, brings a steady flow of military renters, and many investors buy in Converse, Live Oak, Universal City, Schertz and the far west side near Lackland. The South Texas Medical Center and UTSA support rental demand on the northwest side.
Inside Loop 410, older neighborhoods such as Tobin Hill, Monte Vista, Dignowity Hill and the blocks near Southtown have bungalows and small multi-unit houses that suit long-term leases. Newer subdivisions in Alamo Ranch, Stone Oak and toward New Braunfels and Boerne offer newer homes with lower repair risk but HOA rules to review.
Prices across much of the metro are moderate compared with other large Texas cities, which helps the rent-to-price math, but the tax bill still needs careful budgeting. Older homes inside the loop can also need foundation and roof work, since clay soils and summer heat are hard on structures, so get a thorough inspection before you set your offer.
Texas has no state income tax, so local governments and schools rely on property taxes, and combined rates are high compared with many states. A single home can be taxed by the county, the city, the school district and other special districts.
Homestead exemptions apply only to a primary residence. When you buy from an owner-occupant, those exemptions come off and the next bill reflects the full appraised value. Pull the Bexar Appraisal District record, list every taxing unit and budget at the full rate. Texas has no state transfer tax on the sale, which helps closing costs.
Hail and severe spring storms are common, and many policies carry percentage-based wind and hail deductibles. Flash flooding along creeks and low-water crossings can put some homes in mapped flood zones, where flood coverage is generally required. Get quotes early and use them in your ratio.
San Antonio requires a city permit for short-term rentals, with separate permit types for owner-occupied and non-owner-occupied properties and density limits on non-owner-occupied permits in residential areas. HOAs in many suburbs restrict stays under 30 days. Confirm the permit and HOA rules before you count on nightly income; most loans here are underwritten on 12-month leases.
This example is illustrative and not a quote. An investor buys a duplex near Fort Sam Houston for $310,000. Each side leases for $1,300, for $2,600 a month. With no homestead exemption, taxes are budgeted at $543 a month, and insurance is $190 a month.
At 80% LTV the loan is $248,000, estimated principal and interest is about $1,650, and the full payment is about $2,383, for a DSCR near 1.09x. At 75% LTV the loan drops to $232,500, the payment to about $2,280, and DSCR rises to about 1.14x. Both clear the 1.0x standard minimum; the choice comes down to how much cash the investor wants to keep.
| Item | 80% LTV | 75% LTV |
|---|---|---|
| Loan amount | $248,000 | $232,500 |
| Estimated principal and interest | $1,650 | $1,547 |
| Property taxes | $543 | $543 |
| Insurance | $190 | $190 |
| Total monthly payment | $2,383 | $2,280 |
| DSCR at $2,600 rent | About 1.09x | About 1.14x |
San Antonio's older inner-loop homes make it a common market for buy, rehab, rent and refinance. Once the work is done and a lease is signed, a DSCR refinance can replace short-term money with a 30-year loan, up to 75% LTV on cash-out, with seasoning that varies by program.
Before you commit to any lender, get clear, written answers to these questions.
LendingStreet's answers: purchase up to 80% LTV, cash-out up to 75%, 1.0x standard DSCR with sub-1.0 programs available, seasoning that varies by program, LLC borrowing as the norm, an upfront document list, and no stated maximum loan size (larger balances can carry lower max LTV).
Have the purchase contract or mortgage statement, the appraisal district record, leases or a rent estimate and an insurance quote ready. We will review the ratio on the real tax bill and lay out your options. Call (877) 298-1001 or get a quote with the form below.
Buildings with 9 or more units are commercial loans; see our commercial page for those.
LendingStreet is our top pick. Loans qualify on rent with no W-2s or tax returns, LLCs borrow as standard, purchases go to 80% LTV and cash-out to 75%, and 30-year terms are available on 1-8 unit rentals.
Yes. We lend throughout Bexar County and the surrounding suburbs, statewide in Texas, and in all 50 states and DC.
Usually the tax bill. Investors do not get homestead exemptions, so taxes after purchase can be much higher than the seller's. Budget at the full combined rate.
Yes. A signed lease to a military tenant counts like any other long-term lease.
Texas does not have a state transfer tax on real estate sales. You still pay normal title and closing costs.
Yes, if the property can get the right city permit and the HOA allows it. Non-owner-occupied permits have density limits in residential areas, so check availability first.
Yes. Cash-out goes up to 75% LTV, the rent must cover the new payment, and seasoning varies by program.
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