Texas Cash-Out Refinance: Turn Your Home Equity Into Cash
Mortgage One Funding specializes in Texas cash-out refinance. We don't do teaser rates — ever. Just straight answers and fast closings.
Texas Homeowners Are Sitting on Record Equity
Texas home values have appreciated more than 20% since 2020 — ranked Top 30 in the nation by the FHFA. If you've owned your home for even a few years, you may be sitting on more accessible equity than you realize.
20% Appreciation Since 2020
Texas ranks Top 30 in the nation for home price growth — meaning most homeowners who bought before 2022 have built real, accessible wealth.
$102,000 Average Equity Gain
The average homeowner's tappable equity has grown by nearly $102,000 since 2020. With Texas's median home value around $302,000, most homeowners have real money sitting in their walls.
Cash Rates Beat Credit Cards
Cash-out refinance rates run far lower than what you'd pay on a credit card, personal loan, or HELOC — making it the most cost-effective way to access a large sum.
Takes less than 60 seconds. No credit pull.Why Texas Homeowners Choose Mortgage One Funding
We're licensed across Texas and cash-out refinancing is what we're known for. We've worked with homeowners from Houston to Dallas to Austin — and we know how to close. When other lenders get stuck, we know how to get a deal done.
Faster Than the National Average
Most cash-out refis take 30 to 45 days with the big national lenders. Many of our clients close in as few as 14 days, though every loan is different. We work to move as fast as your situation allows.
No Teaser Rates. Ever.
We don't advertise rates designed to get you in the door and disappoint you at the Loan Estimate. You'll see the real numbers before you commit to anything.
Every Loan Type, One Team
Conventional, FHA, VA, or Jumbo. We work with FICO scores as low as 500, and for eligible veterans, VA cash-out goes up to 100% LTV. Self-employed? Investment property? We've seen it before.
No SSN required. Zero credit impact. Takes less than 1 minute.One of Michigan's Largest Mortgage Companies — and Cash-Out Is Our Specialty
Harris County. Dallas County. Tarrant County. Bexar County. Travis County. It doesn't matter where your home is. If you've owned it since 2020, the average homeowner's tappable equity has grown by nearly $102,000 (ICE Mortgage Technology, 2025). With Texas's median home value now around $302,000, most homeowners have real money sitting in their walls.A cash-out refinance replaces your existing mortgage with a new one at a higher balance. The difference comes to you in cash at closing. The rate on that cash runs far lower than what you'd pay on a credit card, a personal loan, or a HELOC. That's why Texas homeowners are using it to get ahead. What Texas homeowners are doing with their cash-out: paying off high-interest credit card debt for good, funding home renovations and additions, covering tuition without raiding retirement accounts, consolidating multiple monthly payments into one, and building a financial cushion they can actually count on.
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Texas Cash-Out Refinance: What Section 50(a)(6) Means for You
Texas has some of the strictest cash-out refinance laws in the country — written directly into the Texas Constitution. Section 50(a)(6) was designed to protect Texas homeowners. Here's how it shapes your loan:
You can borrow up to 80% of your home's appraised value — regardless of loan type. A $400,000 home means a $320,000 maximum loan amount. This cap applies even to VA loans on Texas homesteads.
After signing your initial loan application and disclosures, Texas law requires a mandatory 12-calendar-day waiting period before your loan can close. We factor this into your timeline from day one.
Total lender fees and closing costs cannot exceed 3% of the loan amount. This is a constitutionally enforced limit that protects you from excessive charges at closing.
Section 50(a)(6) applies exclusively to your homestead — your primary residence. Investment properties and second homes are not subject to these restrictions.
Only one Texas Section 50(a)(6) cash-out refinance is allowed per 12-month period. If you completed one recently, you'll need to wait before doing another.
Your closing must take place at a title company, attorney's office, or lender's office. Texas law does not permit cash-out closings at a borrower's home or workplace.
We close Texas cash-out refinances every week and know exactly how to keep your loan on track within these rules.
Tell us about your home. Get a real number — not a range.
Fill out our 60-second qualifier. No credit pull, no commitment. We come back with what you actually qualify for: loan amount, rate, and estimated cash out. Not a teaser. The actual figure.
Start My 60-Second QualifierNo SSN required. Zero credit impact. Takes less than 1 minute.Pick your loan type. Close fast.
Conventional, FHA, VA, or Jumbo — we walk you through which option fits your situation and why. Our team drives the process from start to finish. Many clients close in as few as 14 days and have cash in hand within a week of closing.
See How Much You Can Cash OutNo SSN required. Zero credit impact. Takes less than 1 minute.
What Texas Homeowners Are Saying
Texas Cash-Out Refinance FAQ
How does a cash-out refinance work in Texas?
A cash-out refinance replaces your existing Texas mortgage with a new loan at a higher balance. The difference is paid to you in cash at closing — one monthly payment, typically at a lower rate than credit cards or personal loans.
How much equity do I need?
For most loan types, you need at least 20% equity remaining after the cash-out — meaning you can borrow up to 80% of your home's current appraised value. Eligible veterans using a VA loan can go up to 100% LTV.
What credit score do I need?
We work with FICO scores as low as 500 — lower than most lenders will consider. Conventional cash-out typically starts at 620. FHA cash-out is accessible down to 500. Better pricing kicks in around 700.
How long does it take?
The national average runs 30 to 45 days. Many of our clients close in as few as 14 days, though every loan is different. Our team drives the process so you're not the one left waiting.
Is a cash-out refinance better than a HELOC?
A cash-out refinance gives you a fixed monthly payment at a lower rate and a lump sum at closing. A HELOC is revolving credit at a variable rate. For a defined goal — debt payoff, renovation, tuition — cash-out is usually the cleaner option.
What is Section 50(a)(6) and how does it affect my Texas cash-out refi?
Section 50(a)(6) is a provision of the Texas Constitution governing home equity lending. It caps the loan-to-value ratio at 80%, requires a 12-day waiting period after you sign initial documents, limits fees to 3% of the loan amount, allows only one cash-out refi per year, and restricts this loan type to your primary homestead. These rules protect Texas homeowners from over-leveraging. We handle the compliance — you just close.
Does the 80% LTV limit apply to VA loans in Texas?
Yes — the Texas constitutional cap applies regardless of loan type. Even a VA loan is limited to 80% LTV for a cash-out refinance on a Texas homestead. This is one of the key distinctions from most other states, where VA typically allows up to 100% LTV cash-out.
What can I use the money for?
Anything you want. Texas homeowners typically use it to pay off credit card debt, fund home improvements, cover education costs, consolidate loans, or build cash reserves. No restrictions.
Find Out What Your Texas Home Is Worth
You've built equity. The question is how much, and what to do with it. Our cash-out qualifier takes 60 seconds. No credit pull. No commitment.
See How Much You Can Cash OutNo SSN required. Zero credit impact. It takes less than 1 minute.