Lubbock DSCR Loans: Qualify a Texas Rental on Its Rent, Not Your Tax Returns

By iQRATE Mortgages, NMLS 1862492 · Mortgage broker: David Ghazaryan, NMLS 1486726 · Updated November 9, 2026

Quick answer: A Lubbock DSCR loan is a mortgage for a non-owner-occupied rental. It qualifies on the property's rent compared with its full monthly payment, not on your tax returns, W-2s or debt-to-income ratio. That payment is called PITIA: principal, interest, property taxes, insurance and HOA dues. In Lubbock, two local lines can move the ratio a lot:

• Property tax. For 2025, the City of Lubbock, Lubbock ISD and Lubbock County rates add up to about $1.67 per $100 of value. That is before the hospital district, college district and other units on the bill.
• Hail-driven insurance. Hail and high wind make roof age and wind/hail deductibles a big part of the insurance quote.

Texas has no transfer tax. iQRATE Mortgages (NMLS 1862492) is licensed in Texas. We compare DSCR lenders for each file, and more than 100 on complicated deals.

Get My Custom Rate Now · Call or text (702) 766-3744

David Ghazaryan: 5.0 stars from 87 reviews on Experience.com (October 2026)

Investor loans are for business purposes only. Not all borrowers qualify. Terms are subject to underwriting and can change. This page is general information. It is not a rate quote and not a commitment to lend. iQRATE Mortgages LLC NMLS 1862492. David Ghazaryan NMLS 1486726. Equal Housing Opportunity.

What is a DSCR loan, and how does it work on a Lubbock rental?

DSCR stands for debt service coverage ratio. A DSCR loan is business-purpose financing for an investment property. It qualifies on the property's rent instead of your personal income. The lender divides the monthly rent by the full monthly payment, PITIA. Lenders still check your credit, your assets and reserves, and the appraisal.

DSCR = monthly rent ÷ monthly PITIA

• At 1.00, the rent covers the payment exactly.
• Above 1.00, the rent covers the payment with room to spare.
• Below 1.00, the rent falls short. Some lenders still lend at a higher rate, and others stop at 1.00.

1.00 means the rent equals the payment.

A DSCR loan is for non-owner-occupied investment property only. You can't live in the home, and neither can a family member. That rule matters in a college town, and the student-rental section below explains why.

How is the ratio built, step by step?

What the ratio leaves out: it uses gross rent. Vacancy, management, turnover and repairs are not part of the math. A Lubbock rental can pass the lender's test and still lose money in a bad year, so underwrite your own deal separately.

What terms does a DSCR lender set?

Each DSCR lender writes its own rules. The table shows example terms from one lender we place DSCR loans with, as of October 2026. It is a sample, not a quote.

Example terms from DSCR lenders we place loans with, as of October 2026. Not every lender offers every option. Terms change often and depend on credit, property and lender approval. This is not a rate quote or a commitment to lend.

Which Lubbock costs move the payment side of the ratio?

Rent is half the ratio. The other half is PITIA. In Lubbock, the tax and insurance lines can swing it more than many buyers expect.

Property tax: which rate goes into PITIA?

Source: 2025 rates shown on our Lubbock mortgage broker page (updated October 13, 2026). The Texas Comptroller's property tax pages explain how Texas property tax works.

The school district is the biggest swing. A Lubbock address can sit in Lubbock ISD, Frenship ISD or Lubbock-Cooper ISD. The gap between the Lubbock-Cooper and Lubbock ISD rates is roughly 30 cents per $100 of value (arithmetic on the two 2025 rates above). That gap goes straight into the payment, and it lowers the ratio at the same rent. We run the ratio with the real district for the address.

Four more tax checks for a Lubbock rental:

1. Check the full parcel rate. The hospital district, college district and other units add to the total. The Lubbock Central Appraisal District shows the full rate for each parcel.
2. Don't use the seller's bill if the seller lived there. Owner-occupants get the Texas homestead exemption. They also get a 10% cap on yearly appraisal increases after the first year. A rental doesn't get the homestead exemption, so build the tax line on the full value.
3. Ask about special district taxes on newer homes. Growth west toward Reese Technology Center and Wolfforth brings new subdivisions, and some carry special district taxes. Lubbock's growth also runs south along US-87 and the Loop 88 outer loop. A special district tax is part of PITIA, and we check the tax bill before you commit.
4. Plan the escrow deposit. Texas property taxes are billed each October and paid in arrears. Lenders usually collect about 2–6 months of taxes into escrow at closing, depending on the closing month. The seller's prorated tax credit offsets part of that.

Insurance: how does hail change the ratio?

Hail and high wind are common on the South Plains. Insurers look closely at roof age and material. Many policies carry a separate wind/hail deductible, often a percentage of the dwelling coverage. With some carriers, an impact-resistant roof can lower the premium.

On a DSCR loan, the landlord insurance premium sits inside PITIA. A higher premium raises the payment and lowers the ratio, and the rent doesn't change to make up for it. Get a landlord (dwelling fire) policy quote before you make an offer. Ask the seller for the roof's age and any past claims.

Closing costs: what is different in Texas?

• No transfer tax. Texas has no transfer tax and no state income tax.
• Title insurance. Premiums are set by the Texas Department of Insurance.
• Cash to close. Budget for closing costs and prepaids, including the tax escrow deposit and the first year of landlord insurance. Then add the reserves the lender wants left over after closing.

Areas and ZIPs we lend in

We arrange DSCR loans on non-owner-occupied rentals across Lubbock and the surrounding area. The table lists the areas and ZIPs, plus the sourced local check that matters most for the ratio in each one.

Few Lubbock homes have basements. Storm shelters and safe rooms add value for many buyers, so mention one if the home has it. The appraiser sets both the value and the rent on a DSCR file.

How do student rentals work on a DSCR loan?

Texas Tech University and its Health Sciences Center shape who buys here, including investors who rent to students. Three student-rental questions change a DSCR file.

1. Which rent will the lender use? DSCR lenders vary on whether they count per-bedroom leases. Some use the appraiser's whole-home market rent instead. Suppose the deal only reaches 1.00 on room-by-room rent. Ask the lender how it counts rent before you pay for an appraisal. Then run the ratio on the whole-home figure as a fallback.

2. Where are you in the lease cycle? Student leases usually run August to July, so plan purchases and renovations around the lease cycle. Lenders differ on which rent they use. Some use the signed lease, some use the appraiser's market rent, and some use the lower of the two. Ask the lender which rule applies before you set your closing date.

3. Who will live there? A DSCR loan can't finance a home you or a family member will live in. If your Texas Tech student will live in the home, it is not a DSCR property. A parent buying for a student usually needs a second-home or investment-property loan instead. Our Lubbock mortgage broker page covers those options. A DSCR loan fits only when the home is a true rental.

How do lenders decide what a Lubbock rental rents for?

The appraisal sets the two numbers that decide a DSCR loan: the value and the market rent. On a single-family home, the rent opinion usually comes on Fannie Mae Form 1007, the Single-Family Comparable Rent Schedule. On that form, the appraiser compares your property with nearby rentals.

A redesigned agency appraisal report (UAD 3.6) is required for new agency appraisals submitted on or after November 2, 2026. Under it, market rent moves into the report itself instead of a separate 1007. DSCR lenders set their own requirements, so you may see either format.

How the rent figure is chosen:

• Signed lease: some lenders use it.
• Appraiser's market rent: some lenders use it.
• The lower of the two: some lenders use that.
• 2–4 units: provide every lease. The ratio uses the combined rent from all units against one PITIA.

Send us realistic rent comps before you write an offer. Don't rely on a seller's pro forma rent. Your rate and down payment are tentative until the appraiser's value and rent opinion come in.

"You can close a DSCR deal with just about any problem as long as you put a bit more down. That's why we always tell clients the rate and down payment are tentative until the appraiser's value and rent come in."

David Ghazaryan, iQRATE Mortgages

How do you run the ratio on a Lubbock address?

Three formulas cover almost every DSCR question:

Simple math: rent divided by the target DSCR.

Simple math: rent divided by the target DSCR.

Simple math: payment times 1.25.

You can enter your own numbers on our mortgage calculators page. More from iQRATE on video: iQRATE videos.

Worked walkthrough in round units (not a quote)

This walkthrough uses round units instead of dollars. It shows the order of the checks without quoting any loan terms.

1. Set the rent. Recent leases on similar nearby homes point to 100 units a month. The seller says 110. Use 100, because the appraiser will look at the same leases.
2. Build the payment. Principal and interest come to 60. The property tax line, using the real school district, is 12. The landlord insurance quote is 8. HOA dues are 5. PITIA is 85.
3. Divide. 100 ÷ 85 is about 1.18.
4. Stress the rent. If the appraiser's rent comes in at 92, the ratio is about 1.08.
5. Stress the tax line. If the seller had the homestead exemption, your bill as a landlord will be higher. If tax rises from 12 to 14, PITIA becomes 87, and 92 ÷ 87 is about 1.06.
6. Decide. The deal still clears 1.00 at the lower rent and the higher tax. If it didn't, the choices would be more equity, a different program or a different property.

How much can a low rent opinion move the ratio?

This is arithmetic, not a forecast. It shows how a Lubbock deal can fall short after the appraisal. A deal that just clears 1.00 on the seller's rent can drop below it once the appraiser's rent schedule comes back.

What if the ratio is below 1.00?

You have more options than walking away:

1. Put more money down. A smaller loan lowers the payment and raises the ratio.
2. Use a lender that accepts lower ratios. With the example lender above, a ratio of 0.75 to 0.99 needs no extra down payment, just a higher rate.
3. Use a no-ratio loan if nothing else works. It needs more down and carries a higher rate. See no-ratio DSCR loans.
4. Consider interest-only where offered. It raises the ratio, but you don't pay down principal during that period.
5. Buy down the rate. It costs cash at closing. On new construction, builder incentives can sometimes pay for it.
6. Pick a different property. Two Lubbock homes at the same price can sit in different school districts. They can also carry different insurance costs.
7. Walk away. If the deal only works on optimistic rent, we'll say so before your earnest money is at risk.

How do DSCR prepayment penalties work?

A DSCR loan can carry a prepayment penalty because it is business-purpose credit. Regulation Z limits prepayment penalties on most consumer mortgages. Credit extended primarily for a business purpose is exempt (12 CFR 1026.3(a)). A loan on a non-owner-occupied rental is one example. That is also why DSCR loans are available only on investment property.

You usually choose the length, from five years down to none. A longer penalty generally buys a lower rate, and no penalty costs the most. Lenders use different formulas:

• Step-down: the penalty falls each year until it ends.
• Fixed: the same penalty applies for the whole period.
• Months of interest: the penalty is figured as a number of months of interest.

Before you choose, ask three questions. Does the penalty apply to a sale as well as a refinance? Is it a declining percentage or months of interest? Does the quoted rate assume a particular penalty? Get each answer in writing on the term sheet.

"A loan that saves you money today can become expensive if you need to refinance or sell before a prepayment penalty expires."

David Ghazaryan

How does a DSCR cash-out refinance work on a Lubbock rental?

A DSCR cash-out refinance pulls equity out of a rental you own, and the loan still qualifies on the rent.

• Seasoning: at least 6 months on title, following Fannie Mae's rule.
• After an all-cash purchase: Fannie Mae calls this delayed financing. Some non-QM DSCR lenders allow cash-out right after an all-cash purchase. You must document the funds you used, and the lender may price the exception into the rate.
• Reserves: at one of our lenders, the cash-out proceeds can count toward reserves.
• The ratio still applies at the new, larger loan amount. More cash out means a bigger payment and a lower ratio.
• Check your current loan first. If it has a prepayment penalty, refinancing early may trigger it.

More value means a lower loan-to-value.

Can you close a Lubbock DSCR loan in an LLC?

Yes, with some lenders. Business-purpose credit, including credit to an entity, is generally outside the federal consumer-mortgage rules in Regulation Z. The lenders we use for LLC closings always require a personal guarantee. Expect to provide:

• Articles of organization
• The operating agreement
• The EIN letter (see the IRS page on getting an employer identification number)
• Proof the entity is in good standing (Texas entities: Texas Secretary of State)

Set up the LLC before closing, not during underwriting. Late entity changes are a common cause of delays. Talk with your attorney and CPA about whether an LLC makes sense for you. This is not legal or tax advice.

Can you use a DSCR loan in a 1031 exchange?

Yes. A 1031 exchange lets you defer capital gains tax when you sell one investment property and buy another. You generally have 45 days to identify the replacement property and 180 days to close, according to the IRS like-kind exchange tips.

DSCR loans fit the exchange timeline because they don't re-document your personal income. Give us your sale date and both deadlines on day one. Get the ratio checked before you identify properties. Coordinate with your qualified intermediary and tax advisor. This is general information, not tax advice.

Which property types qualify for a DSCR loan?

If a property is on the edge, tell us early. It changes which lenders can look at it.

Is a DSCR loan or a conventional loan better for a Lubbock rental?

Choose conventional if your documented income carries the payment, you're under the property limit and you don't need an LLC. It is usually cheaper. Choose DSCR if your returns understate your income or your debt-to-income ratio is maxed out. It also fits if you're past the property limit or want an entity. We can price both side by side.

This matters for South Plains farm and ranch families who invest in rentals. Schedule F income can be uneven from year to year. A DSCR loan qualifies the rental on its rent, so a weak crop year on your personal return doesn't decide the file.

Other ways to finance a Lubbock rental

How do you choose a DSCR lender or broker for a Lubbock rental?

There is no official ranking of DSCR lenders in Lubbock. The best one for your deal is the one whose guidelines fit it. Look at the ratio floor, the down payment and how it counts student rent. Also check condo and small-multifamily rules, LLC vesting, prepayment options and reserves.

A direct lender can offer only its own guidelines. A broker can match your file to a lender whose rules fit. Ask every lender or broker the same questions:

• What is your minimum DSCR, and which rent do you use: lease, appraiser's market rent or the lower of the two?
• Do you count per-bedroom student leases?
• Will you lend on this condo or 2–4 unit property?
• Can I close in an LLC, and what personal guarantee do you require?
• What prepayment penalty options do you offer, and how does each one change the terms?
• How many months of reserves do I need, and can cash-out proceeds count?
• Is cash-out allowed right after an all-cash purchase?
• What is your NMLS number, and are you licensed in Texas?

Which terms should you compare side by side?

If a lender can't answer these in writing on a term sheet, keep shopping.

How does iQRATE shop a Lubbock DSCR loan?

DSCR loans aren't standardized like Fannie Mae or FHA loans. Each lender sells its loans to different secondary-market investors and uses its own risk underwriting. The same property can get a "no" from one lender and a good offer from another.

"On a complicated deal, I'll personally email more than 100 lenders and sift through what comes back. It's a lot of work, so I do it once the client is committed, with a full application and documents in hand."

David Ghazaryan

David has been a mortgage broker for more than 15 years. He is a real estate investor himself and has prepared more than 6,000 tax returns.

"One thing being a real estate investor has taught me is that getting a loan approved and making a good investment are two different things. ... They focus on the interest rate. I look at the entire transaction: cash invested, monthly carrying costs, reserves, prepayment penalties, and the exit strategy."

David Ghazaryan

Step by step

1. Send us the scenario: address, price, expected rent, the tax bill, an insurance quote, HOA dues and how you'll hold title.
2. We run the ratio conservatively, with full PITIA, the real school district and realistic rent.
3. We shop DSCR lenders and get the key terms before you commit. That means the ratio floor, down payment, rate, reserves, prepayment options and how rent is counted.
4. Application and credit. No tax-return package.
5. Appraisal with a rent analysis. We order it right away. It is usually the longest step.
6. Underwriting: assets, reserves, insurance, entity documents and the final ratio from the appraisal.
7. Clear to close and funding, closing with local escrow and title.

The most common delays are a low appraised rent, a late insurance quote and LLC paperwork that isn't ready.

What documents do you need?

Tax returns, W-2s and pay stubs are generally not required. Lenders may ask for more.

What do real iQRATE DSCR files show?

None of these are Lubbock closings. They are real files from David's desk, published on our DSCR loan program page. Most are Las Vegas files. One is a Midwest rental, and one is an LLC refinance whose location isn't stated. Names are removed and figures are rounded.

Las Vegas: the builder's lender said no

A client came to us after the financing on her brand-new Las Vegas investment property fell apart. To get the builder's incentives, she had to apply through the builder's preferred lender. She did, and the builder's lender denied her loan. She had satisfied the builder's requirement, so the builder ultimately agreed to honor the incentives if she obtained outside financing.

We arranged a DSCR mortgage using the property's rental income. We applied the builder incentives toward a rate buydown. The loan had a debt-service coverage ratio of approximately 1.00, and we closed in less than three weeks.

"The lesson I took from that transaction is that a lender's denial doesn't necessarily mean a good investment opportunity is dead. Sometimes the solution is understanding the purchase contract, preserving the buyer's negotiating position, and choosing a financing program that fits the actual investment."

David Ghazaryan

Las Vegas: two condos at a 0.82 ratio, closed the same day

In fall 2024, a Las Vegas investor with five or more rentals bought two condos in the same southwest Las Vegas complex. Both closed on the same day. The appraiser's rent pushed the ratio down to 0.82, below 1.0. The loan stayed approved because the down payment and reserves carried it.

Las Vegas: rent that covered only 83% of the payment

In fall 2023, an investor wanted to pull cash out of a Las Vegas condo rental appraised at $280,000. The rent covered only about 83% of the new payment, a DSCR of 0.83. Low leverage did the heavy lifting, and the cash-out refinance funded in fall 2023.

Two files closed with rent below the payment. Equity carried them.

Las Vegas: a 200% debt ratio that did not matter

In fall 2023, a buyer with strong credit wanted a Las Vegas rental home near $420,000. Her income came mostly from capital gains and dividends. Run through a full-doc loan, her debt ratio came out above 200%. We stopped looking at her income and looked at the house. The rent produced a DSCR of 1.18, and she closed in fall 2023.

LLC refinance (location not stated): $130,000 low, and the loan still went up

In 2024, an investor was refinancing a rental owned in an LLC. We expected a $1 million value, and the appraisal said $870,000. The loan started well below the value, so there was room to spare. We raised it from $400,000 to $435,000, and final pricing improved.

The value came in $130,000 low. The loan still went up.

Midwest: a small rental, far from home

A Nevada investor's LLC owned a $160,000 single-family rental in the Midwest. Many lenders won't touch a balance that small. We placed it with a small-balance DSCR program. The appraisal came in $50,000 high, and the DSCR was 1.45. Submission to clear to close took 13 days.

Las Vegas: an investor from overseas

In spring 2023, a past client referred a foreign-national investor who wanted a Las Vegas rental near $435,000. The buyer's funds sat in overseas bank accounts. We used a DSCR loan that qualifies on the home's rent and documented the funds with overseas bank statements. The purchase closed in spring 2023, and pricing improved between the first and the final approval. See foreign national DSCR loans.

Real iQRATE files from outside Lubbock. Names and details are removed and figures are rounded. Past results do not guarantee future outcomes. All loans are subject to credit approval. Investor loans are for business purposes only.

What mistakes sink DSCR deals?

• Using the seller's rent. The lender's rent figure decides the ratio. Check leases and the lender's rent rule first.
• Counting room-by-room rent the lender won't use. Run the whole-home rent as a fallback.
• Guessing the tax bill. A seller's homestead-exempt bill understates what a landlord pays, and the school district changes the rate.
• Missing a special district tax on a newer home toward Reese, Wolfforth or the Loop 88 growth areas.
• Getting the insurance quote late. A hail-driven premium can push the ratio under 1.00.
• Leaving out HOA dues. They are part of PITIA.
• Signing in the wrong name. If you want the LLC on title, plan it before you sign.
• Spending reserves at closing. The lender wants cash left after closing.
• Picking the wrong prepayment penalty. A long penalty can cost you if your plan changes.

What do common DSCR terms mean?

What do clients say about iQRATE Mortgages?

This is a real 5-star review, quoted word for word. It describes working with David Ghazaryan and the iQRATE team overall. It is not a Lubbock or DSCR review and not a promise about your loan.

"David and Andrei and team were very knowledgeable and really helped in the whole process. Even though the economy is going through a rough time they were able to explain every detail and really looked out for our best interest! I would highly recommend their team as they will find a way to get it done!"

Lydia Z. (Menifee, CA), 5-star review on Yelp

Read more of David's reviews on Experience.com (5.0 stars from 87 reviews, October 2026).

Lubbock DSCR loan FAQs

What DSCR do I need for a Lubbock rental?

It depends on the lender. Many DSCR programs look for 1.00 or higher. As of October 2026, one lender we place loans with accepts ratios from 0.75 to 0.99 with no extra down payment, at a higher rate. Others stop at 1.00.

Which property tax rate goes into the PITIA on a Lubbock rental?

The full rate for the parcel. That includes the city, the school district and the county, plus the hospital, college and other units on the bill. The 2025 city, Lubbock ISD and county rates alone add up to about $1.67 per $100. The Lubbock Central Appraisal District shows each parcel's full rate.

Why can two Lubbock rentals at the same price have different ratios?

The rent can differ. The school district can be Lubbock, Frenship or Lubbock-Cooper ISD. A newer home can carry a special district tax. Roof age changes the insurance premium. Each of these changes PITIA, so each changes the ratio.

Will a DSCR lender count per-bedroom student rent?

Some do. Others use the appraiser's whole-home market rent. Ask before you rely on room-by-room rent to reach your target ratio.

Does the August-to-July student lease cycle affect a DSCR loan?

It can. Student leases usually run August to July, so plan purchases and renovations around the cycle. Lenders differ on rent: some use the signed lease, some the appraiser's rent and some the lower of the two. Ask which rule applies before you set a closing date.

Can my Texas Tech student live in a home I buy with a DSCR loan?

No. A DSCR loan can't finance a home you or a family member will live in. Ask about second-home or investment-property options on our Lubbock mortgage broker page.

How does hail affect a Lubbock DSCR loan?

Through the insurance line. Roof age and material drive landlord premiums, and many policies carry a separate wind/hail deductible. A higher premium raises PITIA and lowers the ratio, so get a quote before you make an offer.

Do I need tax returns for a DSCR loan?

Generally no. Personal tax returns, W-2s and pay stubs are usually not required. Lenders still check credit, assets, reserves and the appraisal with its rent analysis.

Is there a transfer tax on a Lubbock DSCR purchase?

No. Texas has no transfer tax. Title insurance premiums are set by the Texas Department of Insurance.

How much property tax is collected into escrow at closing?

Usually about 2–6 months of taxes, depending on the closing month. Texas taxes are billed each October and paid in arrears. The seller's prorated tax credit offsets part of the deposit.

Can I close a Lubbock DSCR loan in an LLC?

Yes, with some lenders. The lenders we use for LLC closings always require a personal guarantee. Expect to provide the articles, operating agreement, EIN letter and proof of good standing. Set up the LLC before closing.

Can I take cash out of a Lubbock rental with a DSCR loan?

Yes. The standard is at least 6 months on title, following Fannie Mae's rule. Some non-QM lenders allow cash-out right after a documented all-cash purchase. The new, larger payment must still clear the lender's ratio floor.

Can a first-time investor get a DSCR loan?

Yes, with some lenders. Expect extra review of occupancy, because the lender must be satisfied you won't live in the property. If one lender says no, we ask others.

What prepayment penalty comes with a DSCR loan?

You usually choose from five years down to none, and each choice prices differently. iQRATE clients most often pick 2 years. Confirm in writing on the term sheet whether the penalty applies to a sale as well as a refinance.

Can I use a DSCR loan for a 1031 exchange?

Yes. A DSCR loan can finance the replacement property, generally within 45 days to identify and 180 days to close. Tell us both deadlines on day one.

Can a farm or ranch family use a DSCR loan for a rental?

Yes, if the property is a non-owner-occupied rental. The loan qualifies on the rent, so uneven Schedule F income on your personal return doesn't decide the file.

Does the Lubbock County conforming limit matter for a DSCR loan?

Only for comparison. A conventional investment loan in Lubbock County is capped at the 2026 conforming limit of $832,750 for one unit. DSCR loan sizes are set by each lender.

Who arranges DSCR loans in Lubbock?

Many lenders and brokers do. iQRATE Mortgages (NMLS 1862492) is licensed in Texas, Nevada, California and Florida. We compare wholesale DSCR lenders for each file, and more than 100 on complicated deals.

Why doesn't this page list DSCR rates?

Pricing changes daily. It moves with credit, equity, the ratio, the prepayment option, loan size and property type. Your terms are confirmed in writing on the term sheet for your actual file.

Get started

Tell us about the Lubbock property. We'll check the school district and tax bill, run the ratio, shop DSCR lenders and tell you plainly whether the deal works.

Get My Custom Rate Now · Call or text (702) 766-3744 · Schedule a free consultation

More from iQRATE: DSCR loan program overview · Texas DSCR loans · Lubbock mortgage broker for owner-occupied loans · Mortgage calculators

Related iQRATE pages

• Houston DSCR loans
• Dallas DSCR loans
• DSCR loans in San Antonio and Austin
• Texas mortgage broker
• Investors
• Portfolio loans
• Serial investor loans
• Non-QM loans
• P&L statement loans
• Self employed
• Refinance
• Closing costs by state
• Reviews
• Guarantees
• About
• FAQ
• Jumbo
• FHA loans
• VA loans
• First time home buyer
• Blog

Other Texas cities iQRATE lends in

• Amarillo
• Arlington
• Austin
• Corpus Christi
• Dallas
• El Paso
• Fort Worth
• Frisco
• Houston
• Katy
• Killeen
• Laredo
• Mckinney
• New Braunfels
• Plano
• San Antonio
• The Woodlands
• Tyler
• Waco

Talk with iQRATE about this loan

Apply now or contact us to get a quote on the property you have in mind. You can also schedule a call or book a call with David at (702) 766-3744. This is not a commitment to lend.

Sources

• iQRATE Mortgages, Lubbock mortgage broker page, updated October 13, 2026. Supports the 2025 City of Lubbock, Lubbock ISD, Lubbock-Cooper ISD and Lubbock County rates. Also supports the areas and ZIPs and the student-rental, hail, Reese/Wolfforth and Texas closing notes.
• iQRATE Mortgages, DSCR loan program page, updated October 30, 2026. Supports the example lender terms (October 2026), Form 1007 and UAD 3.6, and the prepayment and cash-out rules. Also supports the client files and charts shown above.
• Texas Comptroller, property tax
• Texas Department of Insurance (title insurance premiums)
• FHFA, conforming loan limits (2026 Lubbock County limit)
• Fannie Mae Selling Guide B3-4.1-01, minimum reserve requirements
• IRS, like-kind exchanges
• IRS, get an employer identification number
• Texas Secretary of State
• 12 CFR 1026.3(a), Regulation Z business-purpose exemption

Licensing and disclosures

iQRATE Mortgages LLC · NMLS 1862492 · 6360 S Rainbow Blvd Ste 101, Las Vegas, NV 89118 · Licensed in Nevada, California, Texas and Florida · David Ghazaryan, Mortgage Broker, NMLS 1486726 · (702) 766-3744. You can verify both NMLS numbers on NMLS Consumer Access.

DSCR loans are business-purpose loans for non-owner-occupied investment property, not for a home you or your family will live in. Not all borrowers qualify. Lender terms on this page are examples from one lender as of October 2026, and the walkthroughs and charts are arithmetic only. Nothing on this page is a rate quote or loan offer, and it is not a commitment to lend. Programs are subject to credit, property and lender approval, and terms can change without notice. Client stories are real, de-identified files from outside Lubbock, and past results do not guarantee future outcomes. Local figures come from the sources listed above, as of the dates shown. Nothing on this page is tax or legal advice. Equal Housing Opportunity. iQRATE Mortgages LLC NMLS 1862492. David Ghazaryan NMLS 1486726.