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Program 08

Conventional Investment in Wichita Falls

Conventional investment loans for Wichita Falls rental buyers.

Conventional financing for non-owner-occupied investment property: up to 80% LTV, 30-year fixed or ARM terms, documented income, for a purchase or refinance. It is often the lowest-cost long-term money for a buy-and-hold, and we compare it against DSCR before you commit. Wichita Falls prices sit well inside conforming limits. Business-purpose lending only, subject to underwriting.

Conventional Investment in Wichita Falls, TX from USA Mortgage
Non-owner
occupied
30-yr
fixed avail.
80%
max LTV
Low
rates

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

How it works

For investors who qualify conventionally, this is usually the lowest-cost long-term money on a buy-and-hold. We help you weigh it against our DSCR and bank-statement programs so the loan matches your file and your goals.

Who it's for
Buy-and-hold investors
Non-owner-occupied 1-4 units
Borrowers who document income
Purchase or refinance
Typical terms
PropertyInvestment, non-owner-occ
Max leverageUp to 80% LTV
Term30-yr fixed / ARM
IncomeDocumented
CreditFrom 580
UsePurchase or refi
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*Typical terms, subject to underwriting and market conditions.

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Local FAQ

Conventional Investment in Wichita Falls, answered.

Are Wichita Falls prices too low for conventional financing?
They are well inside conforming limits, so the question is loan size, not price. Every city Zillow tracks in the metro is under $200,000 mid-tier in September 2026: $141,670 in Archer City, $174,273 in Wichita Falls, $182,236 in Burkburnett and $197,676 in Iowa Park, the highest. At 80% LTV, a $174,273 purchase is a loan of about $139,418 ($174,273 x 0.80). We have not published a conventional loan floor, and lenders' minimums vary, so ask us what applies to your file. Compare it against DSCR when documentation is the obstacle.
Is the carry predictable enough for a long conventional hold?
More than in most markets, because the tax base is flat and school rates are falling. The Wichita Appraisal District's certified taxable value for the city of Wichita Falls went from $7,957,509,505 to $7,961,766,170 between 2025 and 2026, up 0.05%, and Wichita Falls ISD's fell 1.6%. Wichita Falls ISD's rate fell from 1.113493 to 1.034677 per $100 between 2024 and 2026, down 7.1%. The exception is Burkburnett, where the city rate rose 11.8% in one year. Rates move every year, so treat today's stack as a starting point.

Sources: wadtx.com

How much of a Wichita Falls rent does the tax bill take?
About a quarter of gross rent on a typical house. The city's rent index was $1,312 in September 2026, or $15,744 a year. The property tax on the $174,273 mid-tier value at the 2.231167 stack (Wichita Falls inside Wichita Falls ISD) is about $3,888 ($174,273 x 2.231167 / 100). That is 24.7% of gross rent ($3,888 / $15,744), before insurance and vacancy. Rental property gets no homestead exemption. Use the actual parcel's appraised value and school district, because a house in City View ISD stacks to 2.267790.

Sources: wadtx.com

What if the property is in Archer County or Clay County?
It sits on a different appraisal roll, and we have not verified those rates. The Wichita Appraisal District covers the core cities, Wichita Falls, Burkburnett, Iowa Park and Electra. Holliday and Archer City are in Archer County, Henrietta is in Clay County, and Lakeside City appears on the Wichita district's chart even though Census places it in Archer County. We could not source combined stacks for those cities, and the Wichita district's chart shows an implausible Holliday ISD rate that we do not publish. Pull the parcel's account from the right district before underwriting.

Sources: wadtx.com

How firm is the value I would be financing against?
Firmer than the headcount, with soft spots. Zillow's metro single-family value of $175,989 in September 2026 was at its series high, up 2.3% in a year, and the median list price of $216,000 is up 8.0%. But the list price is still 8.1% under the September 2023 high, a third of listings carry price cuts, and the city's population is down about 0.3% since 2020. Nonfarm employment was down 1.4% in a year to August 2026. A conventional appraisal will anchor to recent sold comps, which are thin in a market with 479 listings.

More Conventional Investment questions, answered on the program page

Resources

Guides for Conventional Investment

Rental / DSCR · 5 min read
What Is a DSCR Loan? How Investors Qualify on Rental Income
Read the guide
Rental / DSCR · 5 min read
DSCR vs Conventional Loan: Which Is Better for Investment Property?
Read the guide
Bank Statement / No-Doc · 5 min read
Bank Statement and No-Doc Loans for Self-Employed Investors
Read the guide
Rental / DSCR · 5 min read
How to Finance a Rental Property in an LLC
Read the guide
Browse all guides
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Second MortgageKeep your first mortgageFix and FlipUp to 90% / 100% rehabRental / DSCR30-yr fixed, DSCR from 0.75Ground-Up ConstructionUp to 70% LTV, most statesCRE BridgeUp to $10M, 24-36 moTransactional FundingSame-day double-close capitalBank Statement / No-DocNo tax returns requiredPortfolio LoansMultiple properties, one loanCRE PermanentLong-term agency & permSBA Financing7(a) & 504 placement

Conventional Investment elsewhere in Texas

All Wichita Falls loan programs
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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