Unlock equity through cash-out refinancing—with expert guidance and a fast, streamlined process, we make it easy to turn your home’s value into cash.
Consolidate high-interest debt, such as credit cards or personal loans, into a single mortgage payment
Access equity for meaningful expenses, including home improvements, education costs, or major life events
Create financial flexibility, using your home’s value to support long-term goals
A cash-out refinance can be a powerful tool when used strategically. Because the funds are repaid over time through your mortgage, it’s best suited for long-term financial goals rather than short-term expenses.
Access up to 80% of your home’s value
Competitive rates with transparent, low fees, and streamlined approvals
Dedicated Texas refinance specialist
Understanding Texas home equity laws helps ensure your refinance is structured correctly from the start.
Lender closing costs cannot exceed 2% of your loan amount, excluding third-party fees like attorney, appraisal, and title insurance.
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.
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.
Lone Star Financing is a Texas-based mortgage broker specializing in home equity and cash-out refinancing statewide. We combine local expertise, experienced underwriters, and modern technology to deliver a fast, streamlined refinance experience from start to finish.
In Texas, cash-out refinance programs generally allow homeowners to borrow up to 80% of their property’s appraised value. For instance, if your home is worth $300,000, you may be eligible to access as much as $240,000 in equity.
In Texas, most cash-out refinance loans are limited to 80% of your home’s appraised value. This means your new loan amount cannot exceed 80% loan-to-value (LTV), even if you qualify for more under standard guidelines.
For example, if your home appraises at $300,000, the maximum loan amount would typically be $240,000. The difference between your current mortgage balance and the new loan amount is the cash you can access.
Your available equity will depend on:
Current loan balance
Appraised value
Credit and income qualifications
Loan program guidelines
Because Texas has strict home equity rules, working with an experienced Texas mortgage broker ensures your loan is structured correctly from the start.
Yes — both FHA and VA cash-out refinance loans are available in Texas, but they must follow Texas-specific lending rules.
FHA cash-out refinances are allowed up to 80% loan-to-value (LTV) under Texas law. You must:
Meet FHA credit and income guidelines
Have sufficient home equity
Occupy the home as your primary residence
FHA can be a strong option if you have lower credit scores or need more flexible underwriting.
Eligible veterans can use a VA cash-out refinance in Texas, also generally capped at 80% LTV. VA loans offer:
No monthly mortgage insurance
Competitive interest rates
Flexible qualification standards
VA cash-out can be especially beneficial for qualified veterans looking to consolidate debt or access equity.
Texas has unique home equity laws (often referred to as Section 50(a)(6)), which apply to most cash-out refinances — including FHA and VA. These rules limit LTV and include specific disclosure and timing requirements.
Working with a Texas-based mortgage broker helps ensure your loan is structured correctly under state guidelines.
A home appraisal is required for most Texas cash-out refinance loans to determine your property’s current market value. This value helps calculate how much equity you can access — typically up to 80% of the appraised value under Texas law.
1. Appraisal Ordered by the Lender
Once your refinance is in process, the lender orders the appraisal through a licensed, independent appraiser.
2. Property Inspection
The appraiser visits your home to evaluate:
Overall condition
Size and layout
Upgrades or renovations
Comparable sales in your area
The visit usually takes 20–45 minutes, depending on the property.
3. Appraisal Report Issued
The appraiser provides a detailed report establishing the home’s fair market value. This number determines your maximum loan amount based on Texas cash-out rules.
In Texas, cash-out refinances are limited to 80% loan-to-value (LTV), so the appraisal directly impacts how much equity you can access.
If the appraisal comes in lower than expected, your available cash-out amount may be reduced — but your lender can walk you through options if that happens.
To support a strong appraisal:
Complete minor repairs beforehand
Provide a list of recent upgrades
Ensure the home is clean and accessible
A smooth appraisal helps keep your refinance on track and closing timeline intact.
Texas has unique home equity laws that apply to most cash-out refinances, commonly referred to as Section 50(a)(6) guidelines.
Key rules include:
Maximum 80% loan-to-value
12-day mandatory waiting period after application
Only one home equity loan allowed at a time
Closing must take place at a title company or attorney’s office
Additional consumer protections and disclosures required
These rules are designed to protect homeowners but can make Texas cash-out refinances more complex than in other states.
An experienced Texas lender can help ensure your refinance meets all state-specific requirements and closes smoothly.
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Unlock your home’s equity with a Texas cash-out refinance. With in-house underwriting and processing, we can close quickly—often in as little as 21 days. Access funds for major expenses and speak with a refinance specialist to see if a cash-out refinance is right for you.
