Galveston DSCR & Second-Home Loans

Financing in Galveston

Quick answer: Galveston is the largest beach-rental market on the upper Texas coast. Top Notch Mortgage offers DSCR loans for vacation rentals, second-home loans and cash-out for investors with equity.

What to know before you buy, build or borrow

• Register every year. Galveston requires annual registration for short-term rentals, a local contact who can respond quickly, and a registration number on every listing. Repeated violations can lead to revocation, so plan for good management.
• 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.
• Historic and raised homes. Older island homes and homes on pilings can need extra inspections and insurance review. We plan for that before you write an offer.

Loans we make in Galveston

• 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

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