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Program 02

Fix and Flip in Wichita Falls

Wichita Falls fix and flip loans where inventory runs thin.

We fund up to 90% of the purchase price and up to 100% of the rehab budget, capped to ARV, on a 6-month interest-only term. Wichita Falls flips start from a low basis in a metro with very few homes for sale, so the buy matters more than the rehab. Business-purpose loans only, subject to underwriting.

Fix and Flip in Wichita Falls, TX from USA Mortgage
90%
of purchase
100%
of rehab
Same day
term sheet
$5M
max loan

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

How it works

Draws are reimbursed quickly as work is completed, and a dedicated closer stays with your file from term sheet to payoff. You can get a term sheet the same day, and we typically fund within 48 hours of clear title, so most flips close in 5-7 days as soon as title and insurance come together.

Who it's for
Active fix and flip investors
First-time flippers welcome
Single-family and 1-4 units
Value-add and distressed buys
Auction and on-market deals
Typical terms
Loan amount$100K to $5M
Purchase leverageUp to 90% LTP
Rehab fundingUp to 100%
Term6 months
RateFrom 9.99%*
PaymentsInterest-only
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*Typical terms, subject to underwriting and market conditions.

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Local FAQ

Fix and Flip in Wichita Falls, answered.

What basis are Wichita Falls flips actually starting from?
Low, and lower than Abilene or Dallas. Zillow's September 2026 mid-tier value for the city of Wichita Falls is $174,273, up 1.6% in a year. Nearby cities run from $141,670 in Archer City and $174,126 in Holliday to $177,990 in Henrietta, $182,236 in Burkburnett and $197,676 in Iowa Park. On Zillow's metro single-family index the Wichita Falls metro is $175,989, against $221,910 for Abilene and $360,905 for Dallas. A lower entry basis means a smaller loan for the same percentage, but it also means a smaller dollar spread to absorb a bad estimate on rehab.

Sources: files.zillowstatic.com

How hard is it to find a flip with so few listings?
Hard, and getting harder. The whole metro had 479 active listings in September 2026, down 21.6% from 611 a year earlier, and 218 at the September 2021 trough. Median days on market were 59, against 65 a year before, and 160 listings, about a third of inventory (160 / 479), had taken a price cut. So sellers who need to cut are findable, but you are competing for a small pool. Buy right, because the median list price of $216,000 is up 8.0% in a year and still 8.1% under the September 2023 high of $235,000, which is not a market that will rescue a thin margin.

Sources: fred.stlouisfed.org

How do I support an ARV when comps are this thin?
Lean on the appraisal and your own sold comps, not on the public record. Texas is a non-disclosure state: no statute makes anyone report a residential sale price to the appraisal district, and prices are not on the deed. In a metro with under 500 active listings that leaves few visible comps, so a lender's appraisal does more of the work and your agent's sold data matters. We cap the loan to ARV, so a weak comp set shows up in the loan size. Ask for sold comps before you commit to a rehab budget.

Sources: ntpts.com

What does the property tax cost while I hold a flip in Wichita Falls?
Roughly $324 a month on a typical house, because a flip gets no homestead exemption. On the Wichita Appraisal District's adopted 2026 rates, the city of Wichita Falls inside Wichita Falls ISD stacks to 2.231167 per $100 (county 0.518590 + city 0.677900 + school 1.034677). On the $174,273 city mid-tier value that is about $3,888 a year ($174,273 x 2.231167 / 100), or $324 a month. The appraised value on your parcel will differ, and some city parcels sit in City View ISD at 2.267790, so pull the account before you price the hold. Talk to your CPA about your own position.

Sources: wadtx.com

What should I know about insurance on a Wichita Falls flip?
Price hail, wind and tornado, not coastal wind. Wichita, Archer and Clay counties are far inland, outside the Texas Windstorm Insurance Association's coastal territory, so standard-market wind and hail cover applies. Hail has been the top Texas homeowners loss peril in every year from 2016 to 2025 except 2021, and Wichita Falls has a direct tornado history: a tornado crossed the city's southern and eastern sides on April 10, 1979. We could not find a Wichita County average premium or flood-zone share, so get a real quote on the specific house before you close.

Sources: weather.gov

What should I check with the city before I plan a rehab schedule?
Permit fees and review times, which we have not verified. We could not read the City of Wichita Falls's fee schedule or plan-review timelines, so we do not quote one. Ask the city before you set a draw schedule. Also confirm which county and school district the house is in: nearly all city residents are in Wichita County, but Holliday, Lakeside City and Archer City sit in Archer County and Henrietta is in Clay County, with separate appraisal rolls. See the fix and flip program page for terms.

More Fix and Flip questions, answered on the program page

Resources

Guides for Fix and Flip

Fix and Flip · 6 min read
Fix and Flip Loan Requirements: What You Need to Get Funded
Read the guide
Strategy · 6 min read
Financing the BRRRR Method: Buy, Rehab, Rent, Refinance, Repeat
Read the guide
Fix and Flip · 5 min read
What Is ARV (After-Repair Value) and How Do You Calculate It?
Read the guide
Rates & Costs · 5 min read
Hard Money Loan Rates and Costs, Explained
Read the guide
Browse all guides
Compare

Fix and Flip 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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