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Wichita Falls Hard Money and Investor Loans

The base next door trains NATO's jet pilots, not deployable brigades.

USA Mortgage funds investors across the Wichita Falls metro. Sheppard Air Force Base anchors a steady, institutional employer base. Property tax stacks differ from Burkburnett to Iowa Park. 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

Second mortgage on a Wichita Falls rental, first mortgage kept.

A fixed-rate second lien on a Wichita Falls 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.

Tax stacks differ by city

On the Wichita Appraisal District's 2026 adopted rates, an investor's stack runs 2.172990 per $100 in Iowa Park, 2.231167 in Wichita Falls (Wichita Falls ISD), 2.346976 in Burkburnett and 2.537503 in Electra, with no homestead exemption on a rental.

A yield market, not an appreciation market

Zillow's September 2026 rent index of $1,312 against a $174,273 city value works out to about 9.0% gross ($1,312 x 12 / $174,273), before taxes, insurance and vacancy. Active listings fell 21.6% in a year to 479, so deals are hard to find.

Almost nobody is building

The Census counted 160 permitted housing units across the metro in 2025, down from 239 in 2024, while the city's rent index rose 8.2% over the year to September 2026.

Loan programs in Wichita Falls

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

Second Mortgage in Wichita FallsFix and Flip in Wichita FallsRental / DSCR in Wichita FallsGround-Up Construction in Wichita FallsCRE Bridge in Wichita FallsTransactional Funding in Wichita FallsBank Statement / No-Doc in Wichita FallsConventional Investment in Wichita FallsPortfolio Loans in Wichita FallsCRE Permanent in Wichita FallsSBA Financing in Wichita Falls

Wichita Falls lending questions

Do you lend in Wichita Falls, Archer County and Clay County?
Yes, across the metro. We fund investors in Wichita Falls, Burkburnett, Iowa Park, Electra, Henrietta, Holliday, Lakeside City and Archer City. We are a direct, business-purpose lender headquartered in Bee Cave, Texas, and every loan here funds an investment property, never a primary residence. Apply now. Subject to underwriting.
How different are property taxes from one Wichita County city to the next?
By about 36 cents per $100 of value between Iowa Park and Electra. On the Wichita Appraisal District's adopted 2026 rates, the investor stack is 2.172990 per $100 in Iowa Park, 2.231167 in the city of Wichita Falls inside Wichita Falls ISD, 2.346976 in Burkburnett and 2.537503 in Electra, which includes a hospital district at 0.365000. The gap between Iowa Park and Electra is 0.364513, about $365 a year per $100,000 of value. A Wichita Falls parcel can also sit in City View ISD instead, at 2.267790, so check the parcel's own account. Rental property gets no homestead exemption. Archer County and Clay County parcels sit on other appraisal rolls and we have not verified their rates. Talk to your CPA about your own position.

Sources: wadtx.com

Is the Wichita Falls market growing?
Not in the city itself, and that shapes how to underwrite it. The city's population went from 102,283 in the 2020 base to 101,951 in July 2025, a drop of about 0.3%, and Wichita County was flat. The small gains are on the fringe: Archer County rose 6.7%, Clay County 5.4%, Holliday 13.6% and Lakeside City 21.5%. Nonfarm employment was 58,600 in August 2026, down 1.4% in a year, though unemployment was 4.1%. Prices have held up better than the headcount: the median list price was $216,000 in September 2026, up 8.0% in a year but still 8.1% under the September 2023 high. Underwrite on cash flow and a low entry basis, not on growth.

Sources: www2.census.gov

How much does Sheppard Air Force Base matter to rental demand?
It is a stable employer and a modest rental lever, not a Fort Hood. The Texas Comptroller's 2025 data counts 5,136 direct employees, 13,024 total jobs and $2.84 billion of output tied to Sheppard, but only 1,963 active-duty, Guard or reserve personnel against an average daily student load of 3,883. Sheppard hosts the 82nd Training Wing, the Air Force's largest technical training wing, and the Euro-NATO Joint Jet Pilot Training Program. The 2026 housing allowance for a junior enlisted airman with dependents (E-1 to E-4) is $1,392 a month, just above the city's $1,312 rent index; without dependents it is $1,044. Where the trainees live was not something we could confirm, so do not underwrite a rental on trainee demand alone.

Sources: comptroller.texas.gov, milpaytools.com

Is this Wichita Falls, Texas, and do Kansas or Oklahoma rules apply?
This is Wichita Falls, Texas. The metro is Wichita, Archer and Clay counties, and it has nothing to do with Wichita, Kansas, whose population and housing data sit next to it in many public datasets. Oklahoma is across the Red River, and Oklahoma law does not apply here. Foreclosure follows Texas Property Code section 51.002, with trustee sales on the first Tuesday of the month. Texas also has no state income tax. Check the state in any figure you pull for this market. Apply now. Subject to underwriting.

Sources: codes.findlaw.com, taxfoundation.org

Serving Wichita Falls and nearby
Wichita FallsBurkburnettIowa ParkElectraHenriettaHollidayLakeside CityArcher City
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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 2026-10-16.

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