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Program 01

Second Mortgage in College Station

Second mortgage on a College Station rental, first mortgage kept.

Our second mortgage lends $50K to $1M against a 1-4 unit rental worth $100K or more, up to 80% combined loan-to-value at fixed rates from 6.99%, and your first mortgage stays in place. College Station and Bryan deals record in Brazos County, and College Station registers every non-owner-occupied rental of one to six units. Business purpose only, subject to underwriting.

Second Mortgage in College Station, TX from USA Mortgage
$1M
max loan
80%
max CLTV
660
min FICO
3-4 weeks
to close

Typical figures, subject to underwriting and market conditions. Not a commitment to lend.

How it works

We lend against the equity in a rental you already own, as a lump-sum second or a line of credit, so your first mortgage and its rate stay in place. Combined loan-to-value, counting every lien, goes up to 80%, subject to underwriting. The prepayment penalty runs 0 to 5 years. Check that your first mortgage allows a junior lien.

Who it's for
Rental owners who want to keep their first mortgage
Investors funding a down payment or renovation
Non-owner-occupied investment property only, including short-term rentals
Individuals and entities, such as an LLC
Borrowers with a 660 or higher credit score
Business-purpose use of the funds
Typical terms
Loan amount$50K to $1M
Max CLTVUp to 80%
RateFrom 6.99% fixed*
Min FICO660
Property1-4 units, $100K+ value
Closing3-4 weeks
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*Typical terms, subject to underwriting and market conditions.

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Local FAQ

Second Mortgage in College Station, answered.

Does Texas homestead law block a second mortgage on my College Station rental?
No, if the rental is not your homestead. Article XVI, section 50 of the Texas Constitution permits liens on a homestead only for a closed list of debts, and the home equity rules on that list (consent of each owner and spouse, total homestead debt capped at 80% of value, a 2% fee cap with exclusions, foreclosure only by court order) protect the homestead. A rental you do not live in falls outside them, and a second lien on it is an ordinary deed-of-trust lien. Homestead turns on use and intent, and title companies can treat a borrower's only Texas residential property as homestead by default, so expect occupancy to be checked, not assumed. This is not legal advice; your attorney or title company has the final say. Terms are on the second mortgage program page, and the Texas investment property second mortgage guide goes deeper.

Sources: texaslegalguide.com, mortgagelaw.com

What does it cost to record a second lien in Brazos County?
$25 for the first page and $4 for each added page. The Brazos County Clerk in Bryan records real property documents on that schedule, effective January 1, 2024, plus $0.25 for each indexed name over five, so a 6-page deed of trust would record for $45 ($25 + 5 x $4), an illustration, not a quote for your documents. It is the standard Texas schedule, the same one Travis County publishes, not a Brazos feature. Under Senate Bill 16, a county clerk must ask for photo ID at an in-person real property filing. A parcel in Burleson or Robertson County records with that county's clerk instead. County fees are not USAM terms.

Sources: brazoscountytx.gov, countyclerk.traviscountytx.gov, capitol.texas.gov

What happens to a second lien on a College Station rental if the first is foreclosed?
A first-lien sale can wipe out the second. A Texas deed of trust can be foreclosed outside court under Property Code section 51.002: sales run between 10 a.m. and 4 p.m. on the first Tuesday of the month, at the courthouse or an area the commissioners court designates, after at least 21 days of notice filed with the county clerk. The Texas Supreme Court has held that foreclosure of a senior lien extinguishes inferior liens, so a second only holds its value while the first stays current, which is why combined loan-to-value counts every lien. See lien position explained before you stack debt.

Sources: codes.findlaw.com

What does College Station require of a short-term rental I want to borrow against?
A city permit and monthly hotel occupancy tax. Since October 1, 2020, short-term rental operators in College Station must hold a permit, valid for one year, and collect and remit hotel occupancy tax, which the city states at 7%, filed monthly. The city lists $100 for the permit, $100 for the inspection, $124 after a failed inspection and $75 to renew, and the rules cover single-family homes, duplexes, triplexes, fourplexes and multifamily units. Short-term rentals are eligible for our second mortgage; confirm the permit is current before you count on nightly income. This covers College Station only; check with Bryan separately.

Sources: cstx.gov

Does a College Station rental need to be registered, and what tax bill should I expect?
Yes, and the full investor rate. Every non-owner-occupied dwelling of one to six units in College Station must be registered with the city, whether or not rent is charged, for a one-time $90 per building, with penalties of $25 to $100 a day when registration is overdue. Senate Bill 1567, effective September 1, 2025, ended the city's cap of four unrelated occupants. A rental gets no homestead relief, and 2025 Brazos CAD rates put the combined rate at about 1.91% of value in College Station and 1.99% in Bryan. Test the rent against both payments with the second mortgage calculator, and talk to your CPA about your own figures.

Sources: cstx.gov, kbtx.com, brazoscad.org

Is a second mortgage on a College Station rental a consumer loan under Texas law?
Texas decides that by purpose. Finance Code chapter 342, the secondary mortgage loan chapter, covers a loan only if, among other conditions, it is extended primarily for personal, family or household use, and the residential mortgage licensing chapters use the same test. We found no Texas regulator guidance on business-purpose seconds specifically, so this describes the statutes and is not a licensing opinion. Talk to your attorney about your own structure.

Sources: texas.public.law

More Second Mortgage questions, answered on the program page

Resources

Guides for Second Mortgage

Second Mortgages · 6 min read
What Is a Second Mortgage on an Investment Property?
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Second Mortgages · 6 min read
Second Mortgage vs Cash-Out Refinance on a Rental Property
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Second Mortgages · 5 min read
Second Mortgage vs HELOC on an Investment Property
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Second Mortgages · 6 min read
Investment Property Second Mortgage Requirements: What Lenders Check
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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 2026-08-12.

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