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Program 10

CRE Permanent in Wichita Falls

Wichita Falls commercial mortgage debt, placed for the long hold.

Long-term, permanent financing for stabilized commercial real estate, placed through agency multifamily channels, insurance funds and other wholesale sources. Here the tenants that keep an asset stable are institutions: an Air Force training base, a university and the regional hospital. If an asset needs to stabilize first, we bridge it and refinance. Business-purpose only, subject to underwriting.

CRE Permanent in Wichita Falls, TX from USA Mortgage
Agency
Fannie/Freddie
Long-term
fixed
Multifamily
& commercial
Wholesale
channels

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

How it works

For a stabilized asset ready for permanent debt, we shop your file across agency multifamily programs, insurance companies, and wholesale lenders, then place the structure that fits your hold. When a deal needs to stabilize first, we can bridge it and refinance into permanent debt later.

Who it's for
Stabilized multifamily 5+
Commercial and mixed-use
Agency permanent debt
Refi out of a bridge
Typical terms
PropertyStabilized commercial
ProgramsAgency, insurance, wholesale
TermLong-term permanent
RateMarket permanent rates
UseAcquisition or refinance
Best forLong-term holds
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*Typical terms, subject to underwriting and market conditions.

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Local FAQ

CRE Permanent in Wichita Falls, answered.

Which Wichita Falls employers support a long commercial hold?
Sheppard Air Force Base first, then the university and the hospital. The Texas Comptroller's 2025 data counts 5,136 direct jobs, 13,024 total jobs and $2.84 billion of output tied to Sheppard, which hosts the 82nd Training Wing, the Air Force's largest technical training wing, and the Euro-NATO Joint Jet Pilot Training Program. Midwestern State University has been part of the Texas Tech University System since September 1, 2021. United Regional Health Care System is the regional hospital. We could not verify enrollment or hospital headcount, and we do not rank employers.

Sources: comptroller.texas.gov, kcbd.com, freida.ama-assn.org

How steady is the tax base behind a stabilized asset?
Flat, which limits reassessment shock. The Wichita Appraisal District's certified taxable value for the city of Wichita Falls was $7,957,509,505 in 2025 and $7,961,766,170 in 2026, up 0.05%, and Wichita Falls ISD's value fell 1.6%. School rates fell on the district's chart between 2024 and 2026, with Wichita Falls ISD down 7.1%. Commercial property gets no homestead exemption, and the protest deadline is May 15 or 30 days after the notice, with online protests at eprotest.wadtx.com. Burkburnett's city rate rose 11.8% in one year, so check the city.

Sources: wadtx.com

What do you use for cap rates and vacancy in Wichita Falls?
Nothing we publish, because we could not source a reliable series. We found no verified commercial vacancy or cap-rate data for this metro, so we do not quote either. They come from the appraisal, your broker's comps and the property's own rent roll. What we can say locally is qualitative: the tenants are institutional, the tax base is flat, and the market is small. A permanent lender here is underwriting the asset and the lease, not a published market average.
Should I underwrite regional growth into a long-term commercial loan here?
No, underwrite the stabilized income. The city's population fell about 0.3% from 2020 to July 2025, and the metro's gain came from fringe counties. Unemployment was 4.1% in August 2026, but nonfarm employment of 58,600 was down 1.4% from a year earlier. A permanent loan is a long-term bet on the asset's income staying put, which is the case for institutional tenants and against a growth story. When an asset is not stabilized yet, the CRE bridge program is the path to permanent debt.
What will title insurance cost on a Texas commercial refinance?
The same at every company, set by the state. Texas promulgates title premiums, and a 6.2% rate reduction took effect March 1, 2026. A $100,000 policy costs $780; between $100,001 and $1 million the premium is $780 plus 0.00494 times the amount over $100,000. A $1,000,000 policy is $5,226 ($900,000 x 0.00494 + $780). That is the basic premium, before endorsements and escrow fees. We did not source the schedule above $1 million, so ask the title company for larger policies.

Sources: tdi.texas.gov

More CRE Permanent questions, answered on the program page

Resources

Guides for CRE Permanent

Bridge · 4 min read
What Is a Bridge Loan in Real Estate?
Read the guide
SBA · 5 min read
SBA 7(a) vs 504: Which Is Right for Owner-Occupied Real Estate?
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Bridge · 4 min read
Commercial Bridge vs Permanent Financing
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Bridge · 5 min read
Bridge Loan Exit Strategies: How to Pay Off Short-Term Debt
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Browse all guides
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CRE Permanent vs. other options

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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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