HELOC LTV Limitations in Texas

[Matthew Phelps]

I just got some unfortunate news I was unaware of even after this whole past year of research. LTV limitations (only in Texas 😖) state that the max LTV in a HELOC is limited to 50%.... "LTV Limitations

Like all home equity loans in Texas the maximum Combined Loan to Value (CLTV) is limited to 80%. In addition to the 80% CLTV, the maximum Loan to Value (LTV) is limited to 50%. The loan to values are determined by the home's appraised value or the Central Appraisal District. " - https://mortgagemark.com/home-loan-process/refinance/types-of-mortgage-refinances/texas-home-equity-cash-out-refinance-a6/home-equity-line-of-credit/

This means that even though I own my primary residence outright, I can only borrow up to %50 percent of the homes value in a HELOC. This put a huge dent in my investing budget plans with my HELOC. Anyone else heard of this in Texas ? Were you able to still use the money to invest successfully? Thanks

[Andrew Postell]

@Matthew Phelps sometimes this industry drives me crazy....why would a lender send you a link from a different bank that asks you to go to other banks?  Just crazy but that entire article is completely outdated.  80% not to exceed 50% is not correct.  Sorry about the confusion here but this is why Bigger Pockets exists.  We will get you the right information. 

I do have a reference here locally and it's  - Nancy Brannan with Colonial Savings, 18 branches here in Texas.  Nancy is a talker but she is always open to helping people which is why I feel comfortable referring her.  Feel free to reference me so she knows you aren't just someone off the street and she will take care of you.  Thanks!