Current super-jumbo DSCR guidelines, updated from one source.
One source feeds every super jumbo DSCR page Lendmire publishes; the Texas figures below refresh when the program sheet is updated.
Program ceiling
The ceiling is the top of the ladder, not a promise at every credit tier — leverage and credit floors change band by band.
Top purchase leverage
Leverage is read per loan size and credit tier from the matrix — the figure here is the best cell, not the whole program.
Full-leverage coverage floor
Coverage is measured on the lease or the appraisal’s market rent against principal, interest, taxes, insurance, and dues — interest-only files measure against the interest-only payment.
Credit floor
The minimum credit score for the smallest balances; the credit required for a given leverage rises with the loan size.
Cash-out leverage steps down with loan size and stops at this balance; larger requests are purchase or rate-and-term only.
Above this balance every request is reviewed before submission, at reduced leverage.
An interest-only period is available through select programs, with coverage measured on the interest-only payment.
| Loan size | Purchase & rate-and-term | Cash-out | Credit at that leverage |
|---|---|---|---|
| $150,000 – $1M | 80% | 75% | 660+ |
| $1M – $1.5M | 75% | 70% | 700+ |
| $1.5M – $2M | 75% | 60% | 720+ |
| $2M – $3M | 75% | 60% | 720+ |
| $3M – $4M | 65% | Not available | 700+ |
| $4M – $6M | 60% · case by case | Not available | 660+ |
Current super-jumbo DSCR snapshot · updated September 6, 2026 · coverage from 0.75 to 0.99 and no-ratio files to $2M at reduced leverage · two appraisals above $2M · short-term rental income to $2M.
Super jumbo DSCR loans are business-purpose, non-QM programs arranged through select wholesale lenders. Leverage, credit floors, coverage floors, reserves, appraisal requirements, and eligibility are read from the current program matrix for the loan size and credit tier and are subject to lender program eligibility and full underwriting. Nothing on this page states or implies a rate, a payment, a fee, or a lender; Lendmire is a mortgage broker and never the lender.
What a super-jumbo DSCR loan is — and how the ladder decides it.
A super jumbo DSCR loan is the standard DSCR structure carried to larger balances: the property’s rent qualifies the loan, and a matrix of loan size and credit tier decides the leverage. In Texas, that ladder is what an investor plans around.
Balance inside the standard ceiling? See DSCR Loans in Texas, the standard program, or return to the super jumbo DSCR loan program overview.
The rent qualifies the loan, not the owner
A super jumbo DSCR loan in Texas is underwritten on the property’s rent — an existing lease or the appraisal’s market rent estimate — divided by the full monthly payment. Tax returns, wage statements, and employment verification are not part of the ratio.
Leverage is a ladder, not a number
Think of the ladder as a set of doors: the loan size chooses the hallway, the credit tier chooses the door, and the door is the leverage. The snapshot above and the table below show the doors open today.
Credit and reserves rise with the balance
Credit tier selects the leverage cell in Texas, so a stronger score buys more leverage inside the same band. Reserves follow the payment, and on the largest balances cash-out proceeds may not be used to satisfy them.
The review line and the cash-out ceiling
Two lines matter on every super jumbo DSCR file in Texas: the cash-out ceiling, above which the program offers purchase and rate-and-term only, and the review line, above which every request is considered case by case before submission.
This is the whole test, applied at the leverage the ladder allows for the balance. The tool below reads the matrix for your inputs; underwriting decides the real number.
Where Texas’s high-value rental stock sits — and how a lender reads it.
Texas’s home values, rents, and household income frame the market a super jumbo DSCR file is underwritten in; the figures here are statewide context, not underwriting inputs.
Statewide figures provide general market context, not an appraisal or a rent analysis. The higher the value, the thinner the rent relative to the payment; that is the pattern in nearly every luxury market, and it is why super jumbo DSCR files carry more equity, an interest-only period, or both.
Data sources: U.S. Census Bureau — ACS 5-Year (2024) housing and population estimates, including owner-occupied home values by bracket and gross rent by bracket.
Where Texas’s high-value rental stock runs deepest — market by market.
Lendmire tracks these Texas markets for super jumbo DSCR financing; each carries a city guide with its own Census figures, submarkets, and calculator.
Wimberley
Wimberley holds about 22% of its owner-occupied homes at one million dollars or more (207 homes): an executive suburban luxury market with enough high-value stock for the appraisal to find its footing. Census context: median value near $550,800, median household income near $80,362, population near 2.9K.
Port Aransas
Roughly 202 homes in Port Aransas, about 19% of the owner-occupied stock, are valued at one million dollars or more — a coastal luxury market where high-balance files are common enough to read cleanly. Census context: median value near $588,700, median household income near $88,947, population near 3.3K.
Austin
Austin holds about 14% of its owner-occupied homes at one million dollars or more (28,214 homes): a metropolitan luxury market with enough high-value stock for the appraisal to find its footing. Census context: median value near $555,300, median household income near $93,658, population near 980K.
Frisco
Frisco holds about 13% of its owner-occupied homes at one million dollars or more (6,781 homes): a metropolitan luxury market with enough high-value stock for the appraisal to find its footing. Census context: median value near $642,100, median household income near $150,212, population near 219K.
The Woodlands
Roughly 3,345 homes in The Woodlands, about 10% of the owner-occupied stock, are valued at one million dollars or more — a metropolitan luxury market where high-balance files are common enough to read cleanly. Census context: median value near $511,700, median household income near $140,701, population near 121K.
Fulshear
High-value housing is a substantial slice of Fulshear — about 9.8% of owner-occupied homes, roughly 880 — so a super jumbo file in this executive suburban luxury market is underwritten against real comparables rather than a handful of outliers. Census context: median value near $572,700, median household income near $187,035, population near 35K.
These are Census patterns, not program terms. The leverage cell for any Texas file comes from the matrix for its loan size and credit tier.
Four ways Texas investors put super-jumbo DSCR financing to work.
How Texas investors put the program to work depends on the balance, the rent, and the goal; these four paths cover most files.
Scale a portfolio of high-value rentals
Investors building a Texas portfolio use the program property by property: each balance sits on its own rung, and reserves are measured per property.
Carry a high-value asset interest-only
Interest-only financing on a Texas rental measures coverage on the interest-only payment for the period, at the leverage the interest-only cap allows.
Refinance out of a bank or bridge loan
When a high-value Texas rental carries the wrong loan, a rate-and-term super jumbo DSCR refinance restructures it on the rent, at the band’s leverage and without cash-out limits in play.
Buy a high-value rental on its rent
A purchase above the standard ceiling in Texas qualifies on the property’s income; the equity is sized to the band, and the appraisal work scales with the price.
Estimate a Texas high-value rental’s coverage at its loan size, before requesting a quote.
This tool applies the ladder to a Texas scenario: the loan size and credit tier select a leverage cell, the payment is built from your taxes, insurance, dues, and rate assumption, and the rent is measured against it. The benchmark rate is a weekly Freddie Mac average, editable and never a quote.
Texas super jumbo DSCR calculator
A Texas scenario to start from — adjust the price, equity, credit tier, and rent to see which rung the balance lands on.
Editable benchmark: 6.71% as of September 3, 2026 · Freddie Mac 30-year average via FRED®. This is not a DSCR loan quote.
Illustrative starting assumptions: a $2,500,000 price set above Texas’s median owner-occupied home value to reach the super jumbo band, an equity position sized to the ladder, and a long-term rent in line with luxury rent-to-value (U.S. Census Bureau). Taxes and insurance are editable assumptions.
Illustrative estimate only — not a Loan Estimate, approval, quote, or commitment to lend. Leverage is read from the current program matrix for the loan size and credit tier entered; the appraisal, the lease or market rent, reserves, and full underwriting decide the actual figures. Requests above the review line are considered case by case, purchase or rate-and-term only. The rate field is an editable Freddie Mac thirty-year benchmark; it is not a DSCR loan quote.
Same property, four very different structures.
Super jumbo DSCR is one of four structures a Texas investor might use on the same property; each reads income differently and stops at a different balance.
Rent-qualified at scale, standard DSCR, or the owner’s income.
The structure for a Texas rental that outgrows a standard DSCR program — the same rent test, applied at a larger balance through a ladder.
The everyday DSCR loan: rent-qualified, higher leverage in the lower bands, and a ceiling that most Texas rentals never approach — the super jumbo path begins where it stops. Inside the standard ceiling, Lendmire arranges DSCR loans in Texas.
A bank statement loan reads the owner’s deposits, not the rent; it is the path when the property is the owner’s home or when personal cash flow carries a file a rent ratio cannot.
Choose by balance and by whose income should qualify: the rent at scale, the rent within the standard ceiling, or the owner’s deposits — Lendmire places the Texas file where it reads best.
What to prepare for a Texas scenario review.
What a high-balance scenario review usually starts with.
This is a general preparation guide, not a universal checklist. The selected lender may request additional information based on the loan size, the property, the appraisals, the lease or market rent, the entity, and reserves. Nothing here is legal or tax advice.
Local details that can change the loan.
Beyond the rent and the credit tier, a handful of details decide where a Texas high-balance file lands on the ladder — or whether it lands at all.
Use these checks to keep the Texas file clean and fundable.
Settle the band, the appraisals, the credit overlays, and the property’s eligibility before the rent is even discussed; a Texas file that clears these reads cleanly.
- Know the rung: place the balance on the ladder before the price is set.
- Know the STR cap: know that nightly income is capped at its own balance.
- Plan the review: structure purchase or rate-and-term only at that size.
The loan-size band decides the leverage
In Texas, the same property at two balances can sit on two rungs with two different ceilings; the calculator on this page reads the matrix for the exact size and credit tier, and the structure is planned from there.
Short-term rental income has its own cap
A Texas vacation rental above the short-term rental cap is underwritten on the appraisal’s long-term market rent, not on bookings; below the cap, the program’s short-term rental rules apply.
Case-by-case review above the line
The largest Texas balances are a conversation: the lender reviews the property, the rent, the borrower, and the structure before the file is submitted, and the leverage is the top band’s.
Cash-out has its own ceiling
Cash-out on a Texas rental steps down by band, caps the proceeds above a set leverage, and stops entirely at the cash-out ceiling; above it the program offers purchase and rate-and-term only.
Two appraisals above the line
Above the second-appraisal line, a Texas file carries two appraisals, and the lower value governs; on unique high-value property the comparables are thin, so the review takes longer and the value can land below the contract.
From a Texas rent roll to a funded high-balance loan.
The process for a Texas super jumbo DSCR loan is deliberate, because the details at this size are expensive to discover late.
Place the balance
Lendmire reads the Texas scenario against the matrix: the band, the credit tier, the leverage cell, the review line, and the cash-out ceiling — before anything is ordered.
Package the file
The lease or rent analysis, the credit report and housing history, reserves, the entity documents, and the property detail are assembled for the Texas program that fits.
Appraise and review
Valuation is settled next: the appraisals the Texas balance requires, the rent analysis, and any case-by-case review above the line.
Close and fund
Final underwriting reads the whole Texas file against the matrix, and the loan funds at the leverage the band and the credit tier opened.
A brokerage built around income-qualified investors.
Placing a Texas high-balance file well means knowing which program’s ladder reads it best, which overlays apply, and where the review line sits — before the appraisals are ordered.
Ladders, not guesses
Lendmire reads the matrix for a Texas balance before anything is ordered, so the equity and the structure are planned around the rung the file will actually land on.
The right wholesale program
High-balance DSCR ladders differ by program; Lendmire places a Texas file where its rent, its credit tier, and its property read best.
Structured for the review
The details that sink high-balance files late are settled early on a Texas file, which is what keeps the closing on the terms the ladder allowed.
Trusted by investors & homeowners alike.
Texas super jumbo DSCR loan FAQs
General answers for Texas investors weighing a super jumbo DSCR loan; the appraisals, the rent, and underwriting decide every actual figure.
How is leverage decided on a super jumbo DSCR loan in Texas?
Leverage is read, not negotiated. A Texas file lands in a band by loan size, and the credit tier opens a cell; the calculator on this page reads the current matrix for the exact size and tier entered.
Can I take cash out of a high-value Texas rental with a super jumbo DSCR loan?
Yes, inside the cash-out ladder. The ceiling sits below the program’s top balance, proceeds are limited above a certain leverage, and at the largest balances cash-out proceeds may not count toward reserves.
What credit score does a super jumbo DSCR loan require?
It depends on the balance and the leverage requested. The floor in the snapshot applies at the bottom of the ladder; larger balances and top cells require stronger credit, and the overlays above the line add a clean recent housing history.
Can a first-time investor use the program?
Yes, with adjustments: a higher credit floor, a leverage reduction, a lower size cap, longer reserves, and no gift funds. The rent still qualifies the loan.
What does Lendmire do on a Texas high-balance file?
Reads the balance against the matrix, chooses the wholesale program whose ladder fits, packages the file — rent, credit, reserves, entity, property — orders the appraisals the balance requires, and handles any case-by-case review before submission. Lendmire is the broker, never the lender.
What happens above the case-by-case review line?
The request is reviewed with the lender before it is submitted, structured as purchase or rate-and-term at the top band’s reduced leverage, and decided on the property, the rent, and the borrower rather than on a matrix cell alone.
Why does a Texas high-balance file need two appraisals?
Two appraisals are the program’s answer to thin comparables at the top of the Texas market; expect them above the line and plan the balance on the lower value.
Does short-term rental income count on a super jumbo DSCR loan?
Yes, with limits: nightly income is accepted to a lower balance than lease income, at a discount, with its own documentation. Whether a Texas property may operate as a short-term rental is confirmed by the investor for the address; the program does not decide that.
How is this different from a standard DSCR loan?
A standard DSCR loan and a super jumbo DSCR loan qualify a Texas rental the same way; the difference is the balance the program can reach and the ladder it uses to turn size into leverage and credit.
What coverage ratio does a Texas property need?
At the floor, the ladder applies as shown; below it, leverage steps down through the reduced band. High-value Texas property often lands there, which is why equity and interest-only structures are used to bring the ratio back.
The rent qualifies the loan. The ladder sets the leverage.
A first read of a Texas high-balance scenario takes a few minutes and commits you to nothing; the ladder, the appraisals, and the review line are explained before anything is ordered.
This guide covers Texas — for the program overview, the ladder, and the calculator, see Lendmire’s super jumbo DSCR loans hub.
Also in this state: DSCR Loans in Texas · Short-Term Rental Loans in Texas · Bank Statement Loans in Texas