Freedom Legacy Lending is a direct private money lender funding fix and flip, DSCR rental, bridge, ground up construction and rental portfolio loans on non owner occupied 1 to 4 unit properties in Texas. Rates start at 7.5% for rentals and 10.5% for fix and flip, and most deals fund in about 3 weeks.
Our loan programs in Texas
| Program | Best for | Rates from |
|---|---|---|
| Fix and Flip | Buy, renovate and sell 1 to 4 unit homes. | 10.5% |
| DSCR Rental | Long term loans qualified on the rent, not your tax returns. | 7.5% |
| Bridge | Short term money for finished or rent ready properties. | 10.5% |
| Ground Up Construction | Build spec, infill and tear down homes from the ground up. | 11.5% |
| Rental Portfolio | One loan for several rentals in the same state. | 7.5% |
Points are 2.50 under $1M and 2.00 at $1M and up. Standard lender fees are shown up front on your term sheet.
Where we lend in Texas
We lend statewide, including:
- Dallas Fort Worth
- Houston
- San Antonio
- Austin
- El Paso
What Texas investors should know
Texas is a non disclosure state
Sale prices are not public record in Texas, so appraisers work from MLS data and their own sources. Send your best comps with your deal. Strong comps help support your after repair value.
Property taxes drive your DSCR
Texas has no state income tax and relies on property taxes, which often run higher than in other states. Use the actual tax bill, not an estimate, when you run the DSCR calculator, since taxes are part of the full payment.
Cash out on rentals
Texas has strict cash out rules for homesteads. Our loans are business purpose loans on non owner occupied property held in an entity, so cash out DSCR refinances are available up to 75% of value.
Run your numbers first
See your DSCR, loan amount and cash to close with our free DSCR calculator and fix and flip calculator.
Questions
Do you lend in Texas?
Can I do a cash out refinance on a Texas rental?
Do I need to live in Texas?
Can you fund new construction in Texas?
Free investor guide
Read Your Deal Like a Lender
A 14 page playbook from a direct lender. Learn how lenders size, score and fund 1 to 4 unit deals, so you can structure yours for the most leverage.
- The formula for your max offer price at full leverage
- DSCR math that tells you your loan size before you submit
- The BRRRR refinance test and the 180 day seasoning rule
- Ten deal killers, plus a printable Deal Worksheet
Get the free guide
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Have a deal in front of you?
Send the basics. You will hear from a loan officer, usually the same business day.