Texas does have specific rules regarding home equity loans and cash-out refinancing (often referred to as "Texas Equity Section 50(a)(6)"), but these don’t prohibit homeowners from using funds for investment properties.

The higher you go on the LTV, the worse the rate will get.

You would end up saving the higher interest rate on the HELOC as well as closing costs.

funds only go into interpleader after months of sitting in escrow. the court just does not hand the money to the seller either.. if not agreed upon the funds go to the state etc.

Where are you seeing the 30-year fixed rates at 5.25-6%? 

Yes that’s why I want to hold onto it is obviously because of the rate. 

I specialize in investment properties, high-end homes, and commercial real estate, and I run Updegraff Group Realty, a full-service brokerage that helps investors not only find and fund deals but also manage construction, optimize returns, and scale their portfolios.Financing Your First Deal Without Using Your Own MoneyIt’s a common question, and the truth is—it’s very doable, but it requires strategy and relationships.

However, it restricts corporate growth.Syndication, on the other hand, involves several investors funding larger deals.

Beyond that, networking with other investors in the mobile home park space could open up some doors for partnerships or additional funding ideas.

You might’ve rate-shopped a bit early, but it’s not a deal-breaker.