Cash-Out Refinance in Texas

LONE STAR FINANCING

TEXAS CASH OUT
REFINANCE

Low Rates, Low Fees & Fast Closings

Texas Cash-Out Refinance: Unlock Your Home's Equity

Lone Star Financing is a direct mortgage lender that specializes in Texas Cash Outs. With in-house underwriting and processing we can close loans fast – in as fast as 21 days. Cash out refinancing is a great way to consolidate debt from high interest credit cards or free up money for discretionary purchases. A cash-out refinance frees up home equity for your needs, but it’s wise to focus on long-term expenses. Remember, you’ll repay the funds with interest over time.

TX Cash-Out Refinance (2024)

Texas cash-out refinancing rules are a little different than in other states, but they’re no longer as strict as they used to be. To qualify you must have decent credit and more than 20% home equity, you should be able to refinance your mortgage and pull cash out from your home. And with equity levels rising across Texas, many home owners will easily meet those requirements. Call today and visit with one of our Texas Cash Out refinance specialist to see if refinancing is right for you. As a direct lender we offer competitive rates and with in-house underwriting we can close loans fast.

Cash Out Refinance -Get Started

Texas Cash Out Rules to know:

Limited closing costs — Lender closing costs cannot exceed 2% of your loan amount, excluding third-party fees like attorney, appraisal, and title insurance.
80% Max LTV (Loan to Value)— our new loan cannot exceed 80% of your home’s value, leaving 20% equity untouched. For a $400,000 home, you can borrow up to $320,000.
Second mortgages (and all liens) must be paid off — If you already home equity line of credit (HELOC) or home equity loan, your new cash-out refinance will have to pay off these loans first.
12 Month waiting period — In Texas, you’re eligible for a cash-out refinance on your primary home after 12 months, or 6 months for investment properties. You must also wait 12 months between refinances.
Must wait 7 years after a foreclosure, bankruptcy or short sale- Before you can qualify for a Texas cash-out refinance.
Texas cash-out rules only apply to your primary residence- This means your investment or second homes are not bound to these rules.

Ways to Use Funds from Your Cash-Out

Consolidate credit card debt or personal loans
Pay for renovations or home improvements
Make a down payment on an investment property
Make a down payment on a 2nd home
Discretionary Purchases

Texas Cash Out Refinance

Choose Lone Star Financing for your cash out refinancing partner in Texas. We offer competitive rates, local Texas customer service and in-house underwriting to close loans fast.

Texas Mortgage Company

Headquartered in Austin, Lone Star Financing is a proud Texas-based direct lender specializing in home equity and cash-out refinance loans across the state. As a locally focused lender, we use common-sense underwriting with local underwriters who understand the needs of Texas homeowners. By leveraging cutting-edge technology, we streamline the refinancing process, making it as easy as 1, 2, 3, ensuring fast approvals and a hassle-free experience for our clients.

Why Choose Us? It's our People!

What Our Clients Are Saying...

Brenda was quick to respond to questions I had and made herself available to me. She was very patient and understanding when having to resolve issues regarding my ex. The entire team, in fact, was great and a true godsend!

As a realtor here in Austin, TX, I’ve been working with Lone Star Financing for almost a decade. The loan officers at Lone Star financing are without a doubt the best communicators in the business. They provide timely updates to me and my buyers from the start of the loan to close of sale and I can't tell you how important that is during a real estate transaction. I recommend all of my clients use Lone Star financing because unlike a lot of mortgage companies they can close loans on time. During one of the most critical times of my customers lives, it's imperative that all links of the chain are strong. Having the right lender in place is key. Thanks Lone Star!

I was thoroughly impressed with the customer service from start to finish. I had a lot of questions and they were all answered. I recommend lone star to first time home buyers as well as those who have note done it before.

Making me feel comfortable through the entire process as I was a bit nervous but Keith’s ways with his words and staying professional never made me feel overwhelmed, as well as the staff members that also helped me. The whole process was a smooth ride with no bumps and that was a great feeling making this single mother very happy with the outcome!!! Thanks!!!

I have gone through the home financing five times, and this is my second re-finance. The team at Lone Star Financing was the best experience I've ever had going through the mortgage process. The previous finance company I used to purchase my home was the worst experience I'd ever had in getting a mortgage. I was extremely hesitant to go through the re-finance process, but with the interest rates being so low I knew I would be saving a lot of money. I did the research to find a highly reviewed local financing company, and Lone Star Financing was the best. They did an outstanding job helping me through the process, made it incredibly easy and quick. More...

Thanks for helping us through the loan refinance process. P.S. The only reason we can't refer family and friends is we don't live in Texas or have any contacts there!

Lone Star Financing was the best-from the first phone call and I can honestly say there will be no last phone call-when he asked for docs I delivered and when I asked for something (answers) he delivered-very happy with the process he took my husband and I through and we are now blessed to own our dream home -I’ve already referred him To our son and he will be ready to purchase probably in the next six months and told him that Jimmy Smith is the man!!

Texas Home Loans Done Right! — Lone Star Financing

Unlock your equity and let us help with a Texas cash out today. With in-house underwriting and processing we can refinance your mortgage fast – in as fast as 21 days. A cash out refinance will enable you to free up equity for other expenditures. It’s up to you on you spend the money, but it’s best to use your funds on long-term needs instead of short-term expenses. You have to consider that accessing funds means you will pay back the money, with interest over the life of the new home loan. Check our current Texas mortgage rates and call today and visit with one of our refinance specialists to see if a cash out refinance is right for you.

Texas Mortgage Lender
Give us a call! (855) 314-8080

Lone Star Financing | Texas Home Loans

(855) 314-8080

Lone Star Financing is a DBA of First Option Mortgage, LLC.
NMLS #123411
14425 Falconhead Blvd E, Suite 100
Austin, TX 78738
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NMLS Consumer Access

Cash-Out Refinance in Texas

TEXAS CASH OUT
REFINANCE

Texas Cash-Out Refinance: Unlock Your Home's Equity