No W-2. No Tax Returns.
San Antonio real estate investors: finance rental properties using the property's income — not your personal income. 30-year fixed terms. 620+ credit. LLC borrowing. Close in 14-21 days.
Check My San Antonio Rate →The economy runs on Joint Base San Antonio — Lackland, Fort Sam Houston and Randolph — USAA, H-E-B and Valero headquarters, UT Health San Antonio, and the tourism corridor. The rental stock is pre-war stock in the near-downtown neighborhoods, post-war ranches across a vast footprint, and rapid new construction in the northeast corridor.
Texas is non-judicial with a fast trustee sale. San Antonio runs at a materially lower basis than Austin or Dallas, which flatters DSCR, and the three-installation military base produces one of the largest military tenant populations in the country. Bexar County property taxes are high. Historic-district rules apply in several near-downtown neighborhoods.
Because the tax line is the swing factor here, run the DSCR with the actual current bill and the reassessed figure after purchase — in San Antonio they are frequently not the same number, and the lender will use the higher one.
A military tenant base produces reliable rent and predictable turnover on the PCS cycle. Some capital sources treat that as a positive; a few discount for concentration. State it in the file either way.
Also see: Austin, TX →Houston, TX →Fix & Flip Loans in San Antonio →Corpus Christi, TX →Dallas, TX →El Paso, TX →Fort Worth, TX →Killeen, TX →
DSCR rental loans in San Antonio qualify based on the property's rental income, not your W-2 or tax returns. Min credit 620, max 80% LTV purchase / 75% cash-out, 30-year fixed terms, LLC borrowing allowed, close in 14-21 days.
LendingStreet has structured $4.36B+ across 8,196 deals nationwide. NMLS #1734316 · 30+ capital sources · 50 states.
San Antonio offers the best price-to-yield ratio among major Texas metros. Military bases (Lackland, Randolph, Fort Sam Houston), USAA, South Texas Medical Center, and Toyota provide massive employment stability. Median prices under $275K with 8%+ rental yields make it a cash-flow investor favorite. Lower appreciation than Austin, but far more predictable.
We finance rentals and projects throughout the metro. The loan is underwritten on the property, its rent or after-repair value and your experience — not on the neighborhood name.
We also fund investments throughout the greater San Antonio metro including Schertz, Cibolo, Converse, Universal City, and Boerne.
Illustrative examples of structures we finance — not specific funded loans. Terms depend on the borrower, property and capital source.
San Antonio rental properties typically need a DSCR of 1.10x to 1.25x to qualify. Higher DSCR unlocks better pricing. Properties in Schertz often qualify easily on gross rent alone.
San Antonio markets favor SFR, 2-4 unit multifamily, and small apartment buildings. Some lenders impose condo restrictions. STRs require DSCR programs that accept projected revenue.
All LendingStreet DSCR programs in San Antonio allow LLC borrowing with personal guarantees. Standard for asset protection.
San Antonio's 4.1% YoY appreciation makes cash-out refinancing attractive. Typical caps: 70-75% LTV. Use equity to acquire more San Antonio properties.
From our loan records, all products. Borrower names and addresses withheld.
Source: LendingStreet loan records (Pipedrive), September 30, 2026. Borrower names and property addresses withheld; loan amounts shown as recorded. Terms are set by the capital source and vary by borrower, property and program.
How the numbers work: see a worked DSCR calculation or run your own in the DSCR calculator.
Yes. DSCR loans qualify based on the San Antonio rental property's projected income — not your personal income. No W-2, no tax returns required.
Most San Antonio DSCR programs through our capital sources start at a 620 credit score. Higher scores improve leverage and pricing.
Most lenders require a minimum DSCR of 1.00x. Better pricing kicks in at 1.20x+. San Antonio rental yields average 7.8% making 1.20x achievable in most submarkets.
Yes. LendingStreet DSCR loans in San Antonio allow borrowing in an LLC with a personal guarantee.
San Antonio DSCR loans typically close in 14-21 days from complete application. Well-prepared borrowers can close in 10-14 days.
Yes. STR-specific DSCR programs qualify based on projected short-term rental revenue. Some San Antonio areas have STR restrictions — verify local rules.
DSCR loans in San Antonio start at $150K with no maximum loan amount — larger loans are placed with jumbo DSCR sources in our network.
Yes. Rate-and-term refis and cash-out refis are available on San Antonio rentals. Cash-out caps at 70-75% LTV.
Almost always the tax line. The lender uses the reassessed bill after purchase, which is often higher than the seller's current bill.
It affects the lender's side. A faster recovery timeline widens the pool of sources comfortable writing there; a slower one makes some conservative on leverage.
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