If you own investment property or a vacation home in Waco and want to tap your equity — or if you are looking to purchase a non-owner-occupied rental, second home, or fix-and-flip property in the Waco area — Home Equity Lending is your direct lender. We have been closing investment property loans in Texas since 1998.
Waco’s investment property market has been transformed by the Magnolia Market boom and Baylor University expansion. Short-term vacation rentals near the Silos and Magnolia districts generate strong income, while long-term rentals near Baylor provide steady student housing demand.
Investment Property Loan Programs Available in Waco
- Investment Property Cash-Out Refinance — Tap equity in your Waco rental or vacation property. Up to 75% LTV, no tax returns required on hard money programs.
- DSCR Purchase Loans — Buy a Waco rental property based on rent income, not personal income. No W2s, no tax returns. Qualify on projected or actual rent.
- Vacation Home Equity Loans — Cash-out your second home or vacation property in Waco. Up to 75% LTV on non-owner-occupied vacation properties.
- Fix and Flip Loans — Purchase and rehab investment properties in Waco. Close in 10 days, up to 90% LTC, interest-only payments during construction.
- Hard Money Bridge Loans — Short-term asset-based financing for Waco investment properties. No income verification, no FICO minimum. Close in 7-10 days.
- No Doc Investment Loans — For investors with non-traditional income. Asset-based approval on Waco investment and vacation properties.
Why Waco Investors Choose Home Equity Lending
We close investment property loans on vacation rentals, student housing, and long-term rental properties throughout Waco, Woodway, and surrounding McLennan County.
We are 100% asset-based on hard money programs — approvals based on property value, not tax returns or credit scores. DSCR programs qualify on rental income alone. Most loans close in 7-21 days depending on program. Free written quotes with no obligation and no upfront fees.
Local Market Considerations for Waco Investors
Waco’s rental market benefits from two distinct demand drivers: Baylor University’s large student population, and the tourism pull of Magnolia Market and the broader “Fixer Upper” effect, which has brought sustained visitor traffic and short-term rental demand to the city well beyond what its size would otherwise suggest.
Investors should treat these as two separate strategies — student-focused long-term rentals near Baylor’s campus behave very differently (lease cycles, turnover, tenant profile) than short-term/vacation rentals aimed at Magnolia-area tourism, and underwriting should reflect which segment a given property actually serves.
Get an Investment Property Loan Quote in Waco
Call us at 888-727-3057 or fill out our quick quote form. We respond same day on most loan requests. No upfront fees. No obligation.
Home Equity Lending — investment property and vacation home loans serving Waco and all of Texas since 1998.