Texas Cash Out Refinance
One of the most frequent questions we get from our customers, is “Can I get a Cash-Out loan in Texas?”
Texas-Cash-Out.com from Hurst Lending & Insurance offers a number of Texas cash out loan options for customers who are interested in refinancing and taking cash out of their homes.
Get a Texas Cash-Out loan to:
- consolidate debt,
- purchase a new car,
- buy a second home or investment property,
- start a new business, or
- fund other dreams.
Many lenders do not offer cash out loan options in Texas due to the Texas Home Equity laws. Hurst Lending & Insurance created the Texas Cash Out division to offer both conventional and jumbo cash out mortgages. We offer fixed and adjustable rate cash out mortgages. We have Cash-Out refinance programs for conventional loans (anything under $510,400 in Texas), jumbo loans ($510,400 and above in Texas), investment property loans and even multi-family loans.
All cash out loans for an owner-occupied primary residence requires the applicant to have at least 20% equity in their home. This rule applies to conventional and jumbo cash out loans, as well as to refinance of prior cash out loans. Please note that if you have ever taken cash out of your home in Texas, you need to get another Texas Cash-out loan when you refinance even if you do not take out additional funds. As we mentioned above Texas cash out refinance laws are a bit complicated (“once a Texas cash out loan, always a Texas Cash-Out loan” is a good simplification of the Texas law on this issue) so many investors simply do not offer them or will not offer ARM cash out loans. At Hurst Lending we offer Cash-Out conventional and jumbo loans with both fixed and adjustable rates.
Our interest rates on conventional and jumbo Texas cash out refinance loans are very competitive. To get a quote for a Cash-Out Jumbo loan or Cash-Out conventional loan, please click the button below or call us toll-free at 877-692-0563. We would love a chance to earn your business and help you save money on your loan.