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Program 03

Rental / DSCR in Wichita Falls

Wichita Falls DSCR loans for rentals that cash flow.

Hold your rentals with financing that underwrites the property. DSCR from 0.75, rates from 5.5% interest-only, up to 80% LTV and 30-year fixed options. Wichita Falls rents are rising against a low entry basis, and the tax stack is the line that moves the number. Business-purpose loans only, subject to underwriting.

Rental / DSCR in Wichita Falls, TX from USA Mortgage
0.75
min DSCR
5.5%
rates from
30-yr
fixed avail.
80%
max LTV

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

How it works

No tax returns or personal income docs in most cases. We qualify on the property's cash flow, so you can scale your portfolio without the paperwork drag of conventional lending.

Who it's for
Buy-and-hold investors
Single rentals and portfolios
Short-term rentals considered
Rate/term and cash-out refi
Typical terms
Loan amount$100K to $3M
Max leverageUp to 80% LTV
DSCRFrom 0.75
CreditFrom 640
Term30-yr fixed / 5-7-10 ARM
RateFrom 5.50% IO*
PrepayFlexible structures
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*Typical terms, subject to underwriting and market conditions.

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Local FAQ

Rental / DSCR in Wichita Falls, answered.

What gross yield do Wichita Falls rentals show?
About 9% gross in the city, and 9.5% on single-family across the metro. On Zillow's September 2026 indexes, the city of Wichita Falls shows $1,312 rent against a $174,273 value, which is 9.0% ($1,312 x 12 / $174,273). Burkburnett is $1,375 against $182,236, or 9.1%. The metro single-family rent of $1,390 against a $175,989 value is 9.5%. These are gross figures, not cap rates or DSCR: they come before taxes of about 2.2% of value, insurance and vacancy. Run the property's own rent and payment through the DSCR calculator.
How much does the tax stack change the carry by city?
Up to about $365 a year per $100,000 of value between Iowa Park and Electra. On the Wichita Appraisal District's 2026 rates, the stack is 2.172990 per $100 in Iowa Park, 2.231167 in Wichita Falls inside Wichita Falls ISD, 2.346976 in Burkburnett and 2.537503 in Electra. Rental property gets no homestead exemption. The direction differs too: school rates fell everywhere on the chart from 2024 to 2026 (Wichita Falls ISD down 7.1%), while Burkburnett's city rate rose 11.8% in one year, from 0.678251 to 0.758386. Check the parcel's own account before sizing debt service.

Sources: wadtx.com

Are Wichita Falls rents still rising?
Yes, by about 8% in a year, with almost no new supply behind it. Zillow's rent index for the city of Wichita Falls was $1,312 in September 2026, up 8.2% from $1,213. The metro's single-family index rose 8.9% to $1,390. Over the same stretch only 160 housing units were permitted metro-wide in 2025. Population is flat, though, down about 0.3% in the city since 2020, so this is a thin-supply story, not a demand-growth story. Renters are 43.5% of city households and 35.8% of the metro's. Underwrite the lease you can sign today, not further increases.
Do military tenants from Sheppard support a Wichita Falls rental?
Some, but it is a small lever. The 2026 housing allowance for Sheppard is $1,392 a month for a junior enlisted airman (E-1 to E-4) with dependents and $1,044 without, so the with-dependents rate sits just above the city's $1,312 rent index. Sheppard counts 1,963 active-duty, Guard or reserve personnel, and its much larger trainee load of 3,883 students has housing arrangements we could not confirm. A servicemember tenant on PCS orders can end a lease under the Servicemembers Civil Relief Act (50 U.S.C. section 3955), which is worth a line in your vacancy assumption.

Sources: milpaytools.com, comptroller.texas.gov, law.cornell.edu

What rules apply to a short-term rental in Wichita Falls?
Register for hotel occupancy tax before you advertise. Anyone renting a property for 30 consecutive days or less needs a Hotel Occupancy Tax Registration (one per rental, no fee) before advertising or renting. The city tax is 9.00% of gross rent, including cleaning, booking and pet fees, plus the state's 6%. Airbnb and Vrbo do not collect the city's tax, so the owner files monthly, or quarterly if approved, by the 20th, with a 5% late penalty and another 5% after 30 days. We did not find or verify a separate permit, cap, zoning rule or long-term rental registration, and the city's code site was not readable, so confirm with the city. A news story about a landlord registry is about Wichita, Kansas, not this city.

Sources: wichitafalls.munirevs.com, comptroller.texas.gov

Can I contest the appraised value on a Wichita Falls rental?
Yes, and the Wichita Appraisal District runs protests online. The statewide deadline is May 15 or 30 days after the notice, and the district's online protest portal is eprotest.wadtx.com. Investment property has no homestead cap and no homestead exemption, so protest practice is a real carry variable. The district's certified value for the city of Wichita Falls was nearly flat between 2025 and 2026 (up 0.05%), so the roll has not been running ahead of rents. We did not confirm the district's reappraisal cycle.

Sources: wadtx.com

More Rental / DSCR questions, answered on the program page

Resources

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What Is a DSCR Loan? How Investors Qualify on Rental Income
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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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