San Antonio offers older homes at a wide range of prices, from historic districts near downtown to 1950s and 1960s ranches across the city. The two numbers to respect are the foundation and the property tax bill, and the right lender helps you move before someone else does.
In short: Our top pick for fix and flip financing in San Antonio, TX is LendingStreet. We combine fast closings, in as little as 10 days, with leverage of up to 90% of cost and up to 100% of rehab on some programs, plus a path into a DSCR rental loan when a flip becomes a keeper. San Antonio flips often hinge on foundation repairs and high Texas property taxes, so a lender that funds the rehab and closes quickly keeps carrying costs down. Loans run from $150,000 to $5M+ on 1-8 unit investment properties.
LendingStreet is a business-purpose lender built for real estate investors, and our fix and flip loans fit the way San Antonio investors work: buy a dated house, renovate it, and sell it or keep it as a rental. We lend on non-owner-occupied 1-8 unit properties in all 50 states and DC.
Each loan is short-term and interest-only, and the rehab budget is funded through draws as the work is inspected, which keeps more of your capital available.
It fits experienced flippers scaling up, contractors who renovate for profit, and newer investors with a solid plan and a capable team. The next step is simple: request a quote with the form below, or reach our team at (877) 298-1001.
If you are weighing Dominion Financial, LendingOne, Lima One and RCN Capital for a fix and flip 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 |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| 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. |
San Antonio flippers usually choose among local banks and credit unions, local hard money lenders, private individual lenders and investor lenders like LendingStreet. Banks suit some borrowers but often want tax returns and take longer. Local hard money lenders are often quick, but terms vary and most offer no long-term option.
Here is how the options usually line up on what matters most for a flip.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender |
|---|---|---|---|
| Leverage | Up to 90% of cost; up to 100% of rehab on some programs | Often lower on investor rehab loans | Varies by lender |
| Speed | Close in as little as 10 days | Often several weeks | Often fast |
| Loan size | $150,000 to $5M+ | Varies; may limit investor loans | Varies; some cap smaller balances |
| Paperwork | Built around the deal and your plan | Often requires tax returns | Varies |
| Long-term option | Refinance into a LendingStreet DSCR loan | Varies by bank | Usually short-term only |
| Where they lend | All 50 states and DC | Usually local or regional | Often one metro or state |
Near downtown, investors renovate homes in Dignowity Hill, Tobin Hill, Monte Vista, Beacon Hill, Government Hill and Denver Heights, where Victorian and early 1900s homes mix with smaller cottages. Further out, Jefferson, Highland Park and the neighborhoods inside Loop 410 hold many 1950s and 1960s ranches.
Converse, Live Oak, Universal City, Schertz, Helotes and New Braunfels add newer stock that draws military families and commuters. Buyers there often compare a renovated home with new construction, so finishes and price must compete.
Permits inside city limits come from the City of San Antonio's Development Services Department. In historic districts, exterior changes go through the Office of Historic Preservation. Suburbs have their own offices.
Expansive clay soils make foundation repair a common line item, whether the house sits on a slab or pier and beam. Get a foundation inspection before closing. Also budget for cast iron plumbing, older wiring, roofs and air conditioning built for long, hot summers.
Texas has no state real estate transfer tax, and title insurance premiums are set by the state. Texas is also a non-disclosure state, so sale prices are not public record and comps come from MLS data.
Property taxes are high, with bills from the county, city, school district and other local units, and investors do not get the homestead exemption a primary residence gets. Count taxes as a real monthly holding cost and confirm the rate with the Bexar Appraisal District.
This example is illustrative and not a quote. An investor buys a 1950s ranch in Jefferson for $210,000 and plans a $70,000 renovation. The loan covers 85% of the purchase and 100% of the rehab, or $248,500, which is about 89% of total cost.
At closing the investor brings about $36,500: the 15% down payment plus about $5,000 in estimated closing costs. Once the rehab is fully drawn, the estimated interest-only payment is about $2,174 a month. Over 5 months, assuming the full loan is outstanding the whole time, interest is about $10,872, and taxes, insurance and utilities add about $3,750.
The house sells for $355,000. Selling costs of about 7% of the price, including commission and title costs, come to $24,850. The estimated profit before income taxes is about $30,528. Because rehab funds are drawn over time, actual interest is usually lower.
| Item | Amount |
|---|---|
| Purchase price | $210,000 |
| Rehab budget | $70,000 |
| Loan (85% of purchase + 100% of rehab) | $248,500 |
| Loan as share of total cost | About 89% |
| Cash at closing | $36,500 |
| Estimated monthly interest-only payment | $2,174 |
| Interest over 5 months | $10,872 |
| Taxes, insurance and utilities | $3,750 |
| Selling costs | $24,850 |
| Resale price | $355,000 |
| Estimated profit before income taxes | $30,528 |
Before you sign a term sheet, ask every lender the same questions so you can compare offers side by side:
Here is how LendingStreet answers: up to 90% of cost and up to 100% of rehab on some programs, draws released after inspections, closings in as little as 10 days, LLC borrowers welcome, loans from $150,000 to $5M+ with larger balances reviewed closely, and a DSCR refinance ready if you hold. When you have a property, request a quote with the form below.
Most San Antonio flips end in a sale. If the market shifts or the rent looks strong, you can instead refinance into a LendingStreet DSCR rental loan, which qualifies on the property's rent with no W-2s or tax returns. DSCR loans offer 30-year terms, a standard minimum DSCR of 1.0x, cash-out up to 75% LTV and rate-and-term up to 80% on some programs.
Send the address, purchase price, rehab budget and expected resale value, and we will size the loan around your plan. Request a quote with the form below, or reach our team at (877) 298-1001 to talk through the deal. Projects of 9+ units fall under our commercial programs instead.
Our top pick is LendingStreet. We offer up to 90% of cost and up to 100% of rehab on some programs, closings in as little as 10 days, loans from $150,000 to $5M+ and a DSCR refinance if you decide to hold. Compare any lender on leverage, speed, draws and exit options.
Yes. We lend throughout San Antonio and the rest of Texas, and in all 50 states and DC, on non-owner-occupied 1-8 unit investment properties.
We can close in as little as 10 days. Timing depends on title, the valuation and how quickly you send the contract, rehab budget and entity documents.
Up to 90% of total cost, with up to 100% of the rehab funded on some programs. Rehab funds are released in draws after work is inspected.
Yes. Exterior changes to homes in the city's historic districts go through the Office of Historic Preservation. Interior work follows normal permit rules, but build review time into the schedule.
Texas has no transfer tax, and title insurance premiums are set by the state. Property taxes are the bigger cost, so prorate them at closing and include them in your holding budget.
Yes. You can refinance into a LendingStreet DSCR rental loan that qualifies on the property's rent, with 30-year terms available and LLC borrowers standard.
Pricing depends on the deal, your experience and the leverage you choose. The fastest way to see real terms is to request a quote with the form below, or reach our team at (877) 298-1001.
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