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Amarillo Hard Money and Investor Loans

Amarillo straddles two counties, and which side you buy on sets the carry.

USA Mortgage funds investors across Amarillo and Canyon. Canyon buys appreciation while Amarillo buys yield. Vacant rehabs answer to the City Marshal's code enforcement. Business-purpose loans only, on non-owner-occupied investment property.

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You hear the decision from the people who underwrote your deal.

Second Mortgage

A second mortgage on your Amarillo rental, first mortgage kept.

A fixed-rate second lien on an Amarillo or Canyon rental, first mortgage left in place. $50K to $1M, up to 80% CLTV. Business purpose only.

$1M
max loan
80%
max CLTV
660
min FICO
3-4 weeks
to close

Typical terms, subject to underwriting and market conditions. Investment property and business purpose only. Not a commitment to lend.

The county line sets the tax bill

On 2025 rates, the Potter County side of Amarillo carries about 2.11% of assessed value and the Randall County side about 1.92%, a gap of roughly $401 a year on a $212,025 house, with no homestead exemption on investor property.

Yield and appreciation split fifteen minutes apart

As of July 2026, Zillow data puts Amarillo at roughly a 7.2% gross yield ($1,277 rent on a $212,025 value) and Canyon at 5.5% ($1,369 on $301,463), so the deal you want decides the side of town.

Code enforcement shapes a rehab's carry

The City Marshal's published complaint categories include dangerous structures, open or unsecured buildings, and occupying a home without city utilities, so a boarded, utility-off rehab sits inside three of them at once.

Loan programs in Amarillo

Acquisition through exit, all funded or arranged by one lender.

Second Mortgage in AmarilloFix and Flip in AmarilloRental / DSCR in AmarilloGround-Up Construction in AmarilloCRE Bridge in AmarilloTransactional Funding in AmarilloBank Statement / No-Doc in AmarilloConventional Investment in AmarilloPortfolio Loans in AmarilloCRE Permanent in AmarilloSBA Financing in Amarillo

Amarillo lending questions

Do you lend in Amarillo and the rest of the Panhandle?
Yes, in Amarillo, Canyon, Bushland, Panhandle, Hereford, Dumas, and Borger. We are a direct, business-purpose lender headquartered in Bee Cave, Texas, and every loan here funds an investment property, never a primary residence. Hereford (Deaf Smith County), Dumas (Moore County), and Borger (Hutchinson County) sit outside the Amarillo metro in their own counties, and Panhandle is in Carson County, so tax and appraisal details differ town to town. Apply now. Subject to underwriting.
How much do property taxes change across the Amarillo county line?
By about 0.19 per $100 of value inside the same city. The City of Amarillo straddles Potter and Randall counties. On 2025 adopted rates, the Potter-side stack (county 0.590240, city 0.430700, Amarillo ISD 0.871200, Amarillo Junior College 0.219940) comes to 2.112080 per $100, and the Randall-side stack to 1.922830, a difference of 0.189250 or about $401 a year on a $212,025 house. A lot outside any city in Bushland ISD carries no city rate at all, and a parcel inside Tierra Blanca MUD #1 adds a full 1.000000. Both counties share one appraisal district, the Potter-Randall Appraisal District, so protests run through one office. Investor property gets no homestead exemption or 10% cap. Verify the parcel's account before quoting a total, and talk to your CPA about your own position.

Sources: comptroller.texas.gov

Is the Amarillo housing market soft right now?
No, it is tightening. Active listings were 781 in August 2026, down 26.5% from 1,062 a year earlier, median days on market fell to 49 from 54, and price cuts fell to 284 from 344. Zillow's mid-tier single-family value was $221,935 in July 2026, up 3.4% over the year, with metro rent at $1,290, up 5.5%. The metro added about 11,800 people between 2019 and 2025, roughly 0.7% a year: steady, not a growth-story metro. Underwrite it as a yield market with a working flip corridor, not a bridge-and-development boom.

Sources: fred.stlouisfed.org

What are the short-term rental rules in Amarillo?
The tax side is confirmed; a permit regime was not found. Amarillo levies a 7% hotel occupancy tax plus a 2% Amarillo-Potter Events Venue District tax, lodging providers register annually by January 1, and returns are due monthly by the 10th through the city's Localgov platform. The city's own page says short-term rentals subject to a local tax must collect and remit it. We did not locate an Amarillo short-term rental permit, cap, or registration ordinance, and we also did not find a long-term rental registration program, but not finding one is not the same as there being none. Confirm with the city before you underwrite STR income.

Sources: amarillo.gov

What does insurance look like for an Amarillo investment property?
Wind and hail is the whole story, and 2025 was severe. Texas Department of Insurance county data shows paid homeowners wind and hail losses of $3,088 per policy in Potter County and $3,270 in Randall County in 2025, about 91% of total paid losses in each, against $508 and $460 in 2024. A 2% wind and hail deductible on a $212,000 house is about $4,240 per event. Roof age and roof schedule drive the quote more than anything else here. Amarillo is outside the coastal windstorm pool. We did not find a county average premium, so get a bound quote on the specific property before you close.

Sources: tdi.texas.gov

Serving Amarillo and nearby
AmarilloCanyonBushlandPanhandleHerefordDumasBorger
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About the local figures on this page

Local rules move. Every tax rate, fee, ordinance and market figure here comes from a primary source and carries the date we read it, and we correct them as the rules change. Where a number is mid-change or we could not verify it, we say so rather than guess. Before you commit a budget, confirm anything that drives it with the city or county, and talk to your attorney or CPA on questions of law or tax.

Published by USA Mortgage Funding, LLC, NMLS #152588. Researched from primary sources by our team, drafted with AI assistance, and every figure checked against its source before publishing. Where an answer rests on a public record, that record is linked under it. Figures read on 2026-09-04.

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