North Padre & Corpus Christi DSCR Loans
Island rentals, bay-front homes and long-term rentals in the Coastal Bend.
Financing in Corpus Christi & North Padre Island
Quick answer: North Padre Island and Corpus Christi offer beach rentals, bay-front homes and steady long-term rental demand. Top Notch Mortgage offers DSCR loans for short- and long-term rentals, second-home loans and cash-out for investors growing a portfolio.
What to know before you buy, build or borrow
- City permits apply. Corpus Christi, which includes North Padre Island, requires short-term rentals to register for an annual permit and pay hotel occupancy tax. Confirm the current rules before you buy.
- Windstorm insurance counts in the ratio. Most of the Texas coast is in the state's designated catastrophe area, where many owners carry windstorm coverage through the Texas Windstorm Insurance Association (TWIA). Homes built or repaired there generally need a windstorm certificate to qualify. Those premiums go straight into the DSCR calculation, so we get an insurance quote before you write an offer.
- Flood insurance and elevation. Many beach properties sit in a FEMA flood zone, so flood insurance may be required. The home's elevation can change the premium a lot, and an elevation certificate helps us price it early.
- Condos need a closer look. Beach condo buildings with heavy rental use, a hotel-style rental desk or one owner holding many units can be hard to finance with a conventional loan. A DSCR loan is often the better fit, and we review the building before you commit.
- Grow your portfolio. A cash-out refinance on a rental you already own can fund the down payment on the next one.
Loans we make in Corpus Christi & North Padre
- DSCR loans for vacation and long-term rentals
- Cash-out refinance and second mortgages on rentals you own
- Second-home loans
- Top Notch Build™ construction and lot loans
Have a property in mind? Text Brad (512-269-5278) or Buddy (512-595-6220) the address and the expected rent, and we will run the numbers before you make an offer. You can also try the mortgage calculators.
Questions
Is North Padre Island part of Corpus Christi?
Yes. North Padre Island is inside Corpus Christi city limits, so the city's short-term rental rules apply.
Can I use a DSCR loan for a long-term rental in Corpus Christi?
Yes. DSCR loans work for both short-term and long-term rentals.
Can I pull cash out of a rental property?
Yes. A DSCR cash-out refinance can use the property's equity, qualifying on its rental income.
Explore loan options
Your game plan is one step away.
Tell us what you want to accomplish and Brad or Buddy will personally review your options and get back to you within the hour. No credit pull. No obligation.
Call or text either of us directly:
Brad 512-269-5278 · Buddy 512-595-6220
Ready to apply? Start your application