Texas Apartment Loans

Texas: In the Spotlight

Texas is one of the largest states in the country by land area and one of the most populous. Cities like Dallas, Houston, and Austin have some of the largest apartment markets in the country.

Texas was once its own country and six countries have ruled it in its lifespan
Texas is the second-most populous state in the U.S.
There’s a single ranch in Texas that is larger than the entire state of Rhode Island
The average age in Texas is 35
The average household income is $60,629
There are more than 13.1 million employees in the state

How Lenders Underwrite Apartments in Texas

Texas has no state personal income tax, but apartment owners pay property tax to each county, city, and school district that levies one, and that line is usually the expense a lender spends the most time on. Appraisal districts value property at market value as of January 1 each year. Owners can protest by May 15 or within 30 days after the notice of appraised value, whichever is later.

Reassessment: Texas does not require sale prices to be disclosed to appraisal districts, but values are reset every year. Lenders project taxes on the purchase price times the combined local rate, not on the seller's last bill.
No cap for most complexes: a temporary 20% cap on yearly appraisal increases for non-homestead property applies only to smaller properties, so most apartment complexes can see their value reset in full each year.
Protests: Lenders read the protest history, but they underwrite to the appraised value rather than a reduction the borrower hopes to win.

Insurance is the other line that moves. In the 14 first-tier coastal counties and the part of Harris County east of Highway 146, wind coverage may come from the Texas Windstorm Insurance Association, whose maximum for a commercial structure and its contents was $4,424,000 as of mid-2026, so larger complexes need additional wind coverage. Agency lenders cap deductibles: Fannie Mae allows up to 5% of total insurable value for wind and hail and 7.5% for named storms, and HUD allows the greater of $50,000 or 5% of insurable value, up to $475,000 per occurrence, for wind and named storms. A policy with higher deductibles has to be restructured before closing.

High-tax, high-insurance properties still fit Fannie Mae, Freddie Mac, and HUD programs, but the loan amount is often set by DSCR rather than loan-to-value. Check the expense load in the DSCR calculator and price coverage early through apartment complex insurance.

Texas Apartment Loan and Lending Options

In the state of Texas, there are several types of lending options for apartment loans and financing. You can count on us to help you with all of your Texas apartment financing needs, including:

Finance Your Texas Apartment Building Now

At Apartment.loans, our team knows what it takes to get the financing that you deserve, from standard apartment loans to commercial real estate financing, and more. We can work with ground-up developments, stabilized properties, and even value-add opportunities. No matter what you have in mind, we have the know-how and the connections to get the loans that you want.

Our team can make sure that you get the best offers and know what you’re getting into with your real estate investment. Whether you have more basic needs or there’s a special investment you’re interested in, let us know what we can do to help. Our Texas apartment loans will give you everything that you need. If you’re ready to get started or just want to know more, contact our Texas Apartment Lending Specialists now at desk@janover.co or (561) 556-9997.

Our apartment loan brokerage and lending strengths are available in markets throughout the state, with a particularly strong presence in Austin, Dallas, Houston, and San Antonio.