Property Type · Texas
Condotel / Hotel-Condo Buyer in Texas
Buying a condotel in Texas? Specialty non-QM lenders treat them as residential — not commercial.
Common challenges we solve
- Most conventional lenders decline condotels
- Wanting personal use plus rental income
- HOA and management-company contracts
What you get with Lumos
Non-QM and portfolio condotel programs
Competitive leverage options
Investor or second-home occupancy
What's different in Texas
Condotels are less common in Texas and are found mostly in tourist areas; lenders review the rental-management agreement, the association's budget and insurance. Short stays are subject to Texas state and local hotel occupancy taxes, and a condotel doesn't qualify for the homestead exemption.
Loan programs that typically fit
Frequently asked
- What makes it a condotel?
- Hotel-style management, on-site check-in, daily rental program.
- Down payment?
- Down payment requirements vary by program — we'll show you your options.
