Cash-out refi issues in TX

[Dmitri L.]

Hi All,

I have a TX rental (~250k market value, ~80k loan balance) and want to pull some cash out of the equity via a cash-out refi/heloc/2nd mortgage. 

Unfortunately it looks like there's some rule against the combination of:

- conventional loan

- cash-out refi

- investment property

- borrower does not own a primary residence in TX

Has anyone ran into this type of issue before? Anyone aware of a lender that could help?

TIA!

Dmitri