Portfolio Loans in College Station

Yes, every non-owner-occupied dwelling of one to six units. College Station requires city rental registration whether or not rent is currently being charged, and the fee is a one-time $90 per building with no annual renewal, though ownership or contact changes must be reported within 30 days. Skip it and the penalties escalate fast: $25/day once you're 31 to 45 days overdue, $50/day at 46 to 60 days, $75/day plus a court summons at 61 to 75 days, and $100/day plus another summons past 76 days, with municipal citations running $180 to $500. On a scattered portfolio that is low-cost, verifiable compliance, and it is one of the first things we check when we diligence a College Station blanket loan file. Buildings of seven or more units are exempt.

Close, but not identical. Using 2025 adopted rates with no homestead exemption, a College Station address runs about $1.907 per $100 of value (about 1.91%: county $0.4197, city $0.511872, College Station ISD $0.9753), while a Bryan address runs about $1.991 per $100 (about 1.99%: county $0.4197, city $0.6240, Bryan ISD $0.9469). Bryan's rate stack is a touch higher, but on a $277,011 Bryan house against a $349,845 College Station house the Bryan tax bill still comes in roughly $1,150 a year lower, so it doesn't offset Bryan's lower entry price. Rent barely moves across that line: Zillow's June 2026 rent index put whole-house rent at $1,446 a month in College Station against $1,428 in Bryan, within $20 of each other on a basis about $73,000 apart, which is where the cash-flow argument for a Bryan-weighted portfolio comes from. We underwrite each door on its own CAD-assessed value rather than a blended portfolio average, so a mixed College Station/Bryan file needs both stacks run separately.

No, and that's the point of holding here. Brazos County sits roughly 100 miles inland and is outside the TWIA windstorm pool entirely; that coastal catastrophe program covers 14 Tier-1 counties plus part of Harris County, none of which touch Brazos. That means no TWIA surcharge and no coastal-underwriting layer on any door in a College Station-Bryan portfolio. The dominant peril here, as across inland Texas, is hail and severe convective storms, so roof age and condition drive the quote door by door rather than location inside the metro. We don't have a reliable county-average premium figure to publish; ask your carrier for a current quote on each address before we finalize the file.

Build the release schedule around the season, not a metro average. This market moves on the academic calendar: median days on market bottomed at 56 in March 2026 and peaked at 84 in January, with the July 2026 reading at 72, up from 68 a year earlier. Active listings were also up 21.4% year over year to 1,539 in July 2026, which is a meaningful supply increase in a market this size. A door listed to catch the spring exit window will likely move faster than one listed into the winter lull, so the release provisions on the blanket loan should give you room for a normal marketing period in whichever season you're actually selling.

Texas taxes the entity, not just the property. Texas has no state income tax on the rental cash flow itself, but it recovers revenue through property tax and a franchise (gross receipts) tax on entities rather than a traditional corporate income tax. DSCR and portfolio borrowers typically title in an LLC, and that entity can carry a Texas franchise tax filing obligation with the Comptroller even in years no tax is actually due. That is a filing question for your CPA, not something we underwrite, but it is worth raising before you close a five-plus-door blanket loan in an entity you haven't used in Texas before.

Yes, on both tests. We need five or more doors and a loan of $500,000 and up. Five Bryan doors at that city's $277,011 mid-tier value is about $1.39 million of property (277,000 x 5 = 1,385,000), so in this metro the door count usually binds before the dollar floor does. What you get for it is one consolidated payment and individual property release as you sell. Subject to underwriting.

Yes. It is one blanket loan across the doors, on a custom term. Each door is still underwritten on its own appraisal district value rather than a blended metro average, which matters when a file spans a $349,845 College Station address, a $277,011 Bryan address, and a $179,623 Hearne one, with tax stacks of about 1.91% and about 1.99% running separately. The $500,000 minimum applies to the loan, not to any single door, so low-basis doors are fine inside a portfolio that clears it, and you can release individual properties as you sell them. Subject to underwriting.