Looking for Lenders in the DFW Area
New to Real Estate · Dallas TX · Member since 2025 · 23 posts · 17 votes
Looking for Lenders in the DFW Area
Most Popular Reply
Lender · Nashville, TN · Member since 2024 · 700 posts · 284 votes
1yI just moved away from DFW but still do quite a bit of volume over there.
17 Replies
- Lender · Nashville, TN · Member since 2024 · 700 posts · 284 votes1y
I just moved away from DFW but still do quite a bit of volume over there.
- New to Real Estate · Dallas TX · Member since 2025 · 23 posts · 17 votes1y
@Brandon Croucier Would it be possible to connect next week?
- Lender · Nashville, TN · Member since 2024 · 700 posts · 284 votes1y
- 1yStacy RaskinBusiness MemberLender · Member since 2022 · 1k+ posts · 500 votes
I work on DSCR / rental property loans in 48 states including Texas. I've worked on properties in urban, suburban and rural areas of Texas.
In case you're considering a DSCR loan, more info on how the loans work below:
DSCR loans won't use your income to underwrite the loan. DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
Here's a bit more in detail about how rates are calculated for DSCR loans:
1. Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders. From there every 20 point increment affect pricing differently. So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2. Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit. So your pricing will be higher for a 80% LTV loan than for a 60% LTV loan.
3. Prepayment penalties- usually 1-5 year terms. The shorter the prepayment term has an impact on increasing the rate.
4. Are you cash flowing the property? More on how that is calculated below. Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable). Many lenders will not do a DSCR loan unless cash flowing. If they will do a loan with less than 1, the pricing takes a hit. This criteria is for 1-4 and 5-8 unit programs.
I've included an example below to help illustrate this.
So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.
See example below:
DSCR < 1
Principal + Interest = $1,700
Taxes = $350, Insurance = $100, Association Dues = $50
Total PITIA = $2200
Rent = $2000
DSCR = Rent/PITIA = 2000/2200 = 0.91
Since the DSCR is 0.91, we know the expenses are greater than the income of the property.
DSCR >1
Principal + Interest = $1,500
Taxes = $250, Insurance = $100, Association Dues = $25
Total PITIA = $1875 Rent = $2300
DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable). If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.
DSCR lenders generally let you vest either individually or as an LLC. It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further.
Bright Skyline518 Reviews - 1yBryan MaddexBusiness MemberLender · Charlotte, NC · Member since 2015 · 159 posts · 76 votes
Hello! I am a broker and work in 45 states. I am personally located in Charlotte NC but I do have a loan partner on my team that lives in DFW! She helps me with a ton of my investors and you could have the best of both worlds: Top Producing Loan Officer team with a local connection!
We work with 220+ lenders and can find options for most borrowing needs. Also, we actually shop for our clients! Most LOs and Brokers send 80% of their business to 1 lender. We placed loans with over 40 lenders just last quarter.
Would love to connect @Dave Chengoue - New to Real Estate · Dallas TX · Member since 2025 · 23 posts · 17 votes1y
Quote from @Stacy Raskin:
I work on DSCR / rental property loans in 48 states including Texas. I've worked on properties in urban, suburban and rural areas of Texas.
In case you're considering a DSCR loan, more info on how the loans work below:
DSCR loans won't use your income to underwrite the loan. DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
Here's a bit more in detail about how rates are calculated for DSCR loans:
1. Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders. From there every 20 point increment affect pricing differently. So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2. Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit. So your pricing will be higher for a 80% LTV loan than for a 60% LTV loan.
3. Prepayment penalties- usually 1-5 year terms. The shorter the prepayment term has an impact on increasing the rate.
4. Are you cash flowing the property? More on how that is calculated below. Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable). Many lenders will not do a DSCR loan unless cash flowing. If they will do a loan with less than 1, the pricing takes a hit. This criteria is for 1-4 and 5-8 unit programs.
I've included an example below to help illustrate this.
So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.
See example below:
DSCR < 1
Principal + Interest = $1,700
Taxes = $350, Insurance = $100, Association Dues = $50
Total PITIA = $2200
Rent = $2000
DSCR = Rent/PITIA = 2000/2200 = 0.91
Since the DSCR is 0.91, we know the expenses are greater than the income of the property.
DSCR >1
Principal + Interest = $1,500
Taxes = $250, Insurance = $100, Association Dues = $25
Total PITIA = $1875 Rent = $2300
DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable). If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.
DSCR lenders generally let you vest either individually or as an LLC. It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further.
@Stacy Raskin Thank you for providing such detailed information about DSCR loans. It's great to see how these loans can benefit investors by focusing on property income rather than personal income. Your breakdown of how credit score, loan-to-value ratio, prepayment penalties, and cash flow impact pricing is helpful.
I appreciate the examples illustrating how DSCR ratios work; they clarify how important it is to ensure the property is cash flowing. The requirement for reserves for new purchases also highlights the need for good financial planning.
I’m interested in learning more about potential rates and options available for different types of properties, especially in DFW. Additionally, could you provide insights into how market rents are assessed and how they compare to actual rents when determining DSCR?
Looking forward to connecting further! - New to Real Estate · Dallas TX · Member since 2025 · 23 posts · 17 votes1y
Quote from @Bryan Maddex:
Hello! I am a broker and work in 45 states. I am personally located in Charlotte NC but I do have a loan partner on my team that lives in DFW! She helps me with a ton of my investors and you could have the best of both worlds: Top Producing Loan Officer team with a local connection!
We work with 220+ lenders and can find options for most borrowing needs. Also, we actually shop for our clients! Most LOs and Brokers send 80% of their business to 1 lender. We placed loans with over 40 lenders just last quarter.
Would love to connect @Dave Chengoue@Bryan Maddex
Thank you for responding to my post. When would be a good time to chat this week?
Thank you - 1yStacy RaskinBusiness MemberLender · Member since 2022 · 1k+ posts · 500 votes
Quote from @Dave Chengoue:
Quote from @Stacy Raskin:
I work on DSCR / rental property loans in 48 states including Texas. I've worked on properties in urban, suburban and rural areas of Texas.
In case you're considering a DSCR loan, more info on how the loans work below:
DSCR loans won't use your income to underwrite the loan. DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
Here's a bit more in detail about how rates are calculated for DSCR loans:
1. Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders. From there every 20 point increment affect pricing differently. So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2. Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit. So your pricing will be higher for a 80% LTV loan than for a 60% LTV loan.
3. Prepayment penalties- usually 1-5 year terms. The shorter the prepayment term has an impact on increasing the rate.
4. Are you cash flowing the property? More on how that is calculated below. Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable). Many lenders will not do a DSCR loan unless cash flowing. If they will do a loan with less than 1, the pricing takes a hit. This criteria is for 1-4 and 5-8 unit programs.
I've included an example below to help illustrate this.
So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.
See example below:
DSCR < 1
Principal + Interest = $1,700
Taxes = $350, Insurance = $100, Association Dues = $50
Total PITIA = $2200
Rent = $2000
DSCR = Rent/PITIA = 2000/2200 = 0.91
Since the DSCR is 0.91, we know the expenses are greater than the income of the property.
DSCR >1
Principal + Interest = $1,500
Taxes = $250, Insurance = $100, Association Dues = $25
Total PITIA = $1875 Rent = $2300
DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable). If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.
DSCR lenders generally let you vest either individually or as an LLC. It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further.
@Stacy Raskin Thank you for providing such detailed information about DSCR loans. It's great to see how these loans can benefit investors by focusing on property income rather than personal income. Your breakdown of how credit score, loan-to-value ratio, prepayment penalties, and cash flow impact pricing is helpful.
I appreciate the examples illustrating how DSCR ratios work; they clarify how important it is to ensure the property is cash flowing. The requirement for reserves for new purchases also highlights the need for good financial planning.
I’m interested in learning more about potential rates and options available for different types of properties, especially in DFW. Additionally, could you provide insights into how market rents are assessed and how they compare to actual rents when determining DSCR?
Looking forward to connecting further!Happy you find the information helpful.
I've seen DSCR programs for 1-4 unit programs and 5-8 unit programs.
Market rents are done by an appraiser as part of the purchase or refinance process. The appraiser will do a market rent survey where the appraiser will decide what the market rent is in the area. Depending on the lender, the lender will use the market rent survey or the actual rents for a purchase to structure the loan for the DSCR ratio. For a refinance, many lenders use the actual rents to structure the loan. Guidelines vary by lender for DSCR loans.
Sounds good about connecting further.
Bright Skyline518 Reviews - 1yBrian ValdiviaBusiness MemberInvestor · Kingsville, MD · Member since 2017 · 102 posts · 20 votes
Hey Dave!
I'd enjoy chatting with you. Our team has more than 100 Five Star Reviews. We are investors ourselves and understand the process like no other.
Reach out, talk soon!
Beltway Lending5183 Reviews - Lender · Member since 2024 · 40 posts · 4 votes1y
Quote from @Dave Chengoue:
Hi everyone,
I'm currently on the hunt for reliable lenders in the DFW (Dallas-Fort Worth) area and would love any recommendations or leads you might have. Whether it's for a new home purchase, refinancing, or any other financial needs, any suggestions would be greatly appreciated.
Thanks in advance for your help!
Not a local, but I do cover this region. Let's connect sometime.
- Lender · Sanford, NC · Member since 2024 · 348 posts · 116 votes1y
We can do DFW! Sent you a message if you'd like more options!
- Catlett, VA · Member since 2024 · 80 posts · 5 votes1y
I know a couple of lenders in the area and would be happy to connect you. Let me know if you're still looking!
- Real Estate Agent · Fort Worth, TX · Member since 2021 · 142 posts · 59 votes1y
Quote from @Dave Chengoue:
Hi everyone,
I'm currently on the hunt for reliable lenders in the DFW (Dallas-Fort Worth) area and would love any recommendations or leads you might have. Whether it's for a new home purchase, refinancing, or any other financial needs, any suggestions would be greatly appreciated.
Thanks in advance for your help!
Hi Dave! I am a local DFW Realtor and I work with some great lenders. Let's connect and I can share their information with you.
- Virginia Beach, VA 23452 · Member since 2024 · 88 posts · 14 votes1y
I'd love to help. Let's chat!
- Lender · Houston, TX · Member since 2024 · 85 posts · 8 votes1y
Quote from @Dave Chengoue:
Hi everyone,
I'm currently on the hunt for reliable lenders in the DFW (Dallas-Fort Worth) area and would love any recommendations or leads you might have. Whether it's for a new home purchase, refinancing, or any other financial needs, any suggestions would be greatly appreciated.
Thanks in advance for your help!
Apart from me, I have also a wide network of Private and Hard Money Lenders. If you're interested in checking your options, Let's connect.
- Lender · Los Angeles, CA · Member since 2022 · 238 posts · 73 votes1y
@Dave Chengoue Happy to connect!
- Member since 2024 · 65 posts · 4 votes1y
Hi, would like to help you with your funding needs. I am a private money lender - I can fund any type of project in any state. Let's talk whenever works best for you.
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