Investment property Texas cash out seasoning

[Steven Kelly]

Today I was at the closing table for my sisters cash out investment property texas loan. And the title company pulled out because of a homestead exemption and they stated because she did a loan and December 2018 cash out on the investment property she would have to wait 12 months to do it again on the investment property even though she signed a non-homestead Avadavat on the December 2018 loan.  They told her they have to underwrite this as an A6 Even though it’s an investment property cash out. Not sure understand why I am the loan officer on her deal. Anyone understand?

[Chris Mason]

Texas has a bunch of wonky rules pertaining to cash out refis. People in general should stick to their own state, my $0.02.

@Andrew Postell might be able to shed some Texas light on the issue. 

Edit: holy crap Andrew, that new profile pic! Are you trying to be a crusader-prince or something? :P