Dripping Springs Mortgage Lender

Financing in Dripping Springs

Quick answer: Dripping Springs is one of the strongest Hill Country markets for custom homes and short-term rentals, thanks to its wedding venues, wineries and distilleries. Top Notch Mortgage offers DSCR loans for rentals, cash-out and second mortgages for owners, and one-time close construction loans for building on acreage.

What to know before you buy, build or borrow

• Inside the city or outside it? Much of the Dripping Springs area is outside city limits, where city zoning rules for rentals do not apply, but HOA and deed restrictions often do. Rentals still owe state hotel occupancy tax, and the city collects its own hotel tax inside city limits.
• Custom-home country. Acreage tracts and Hill Country lots are made for custom builds. Top Notch Build handles the lot, construction and permanent loan with one closing.
• Wells, septic and surveys. Rural properties often rely on private wells and septic systems, which may need inspections and a current survey before closing.
• Tap the equity. Fast price growth left many owners with strong equity. A second mortgage or cash-out refinance can fund a guest house, a pool or your next rental.

Loans we make in Dripping Springs

• DSCR loans for short-term and long-term rentals
• Cash-out refinance and fixed-rate second mortgages
• Top Notch Build™ custom home and lot loans
• Conventional, jumbo and second-home loans
• FHA and VA loans

Questions

Explore loan options

• USDA Loans
• Top Notch Build™ Construction
• FHA & VA Loans
• Conventional & Jumbo
• Refinance
• DSCR Investor Loans
• Cash-Out & Home Equity
• Bank Statement Loans
• Down Payment Help