Having Issues Refinancing a SFR in Texas...suggestions?

[Samuel Gutierrez]

Hello BP!

So in October 2020, I purchased a SFR for $155k. I put 25% down and spent about $20k-$25k in renovations. I have been renting it out on a fairly consistent basis ever since. The home is currently worth about $210k-$215k (loan balance is about $115k) and I'm looking to cash out refinance (75%-80%) on a 30 year term. Several local lenders have had an issue processing the refinance due to the fact that this is rental property and not my primary residence.

Has anyone else run into this same issue? Any recommendations on a lender that could possibly help?

Thank you all in advance,

Sam