Customers ask us daily, “can I get a jumbo cash out loan in Texas?

The answer is “yes”, but first, a couple of definitions are in order:
What is a jumbo loan? A jumbo loan is any home loan for more than $417,000.
What is a cash out loan? Also known as a cash out refinance, getting a “cash out loan” means that you refinance your home and, in the process, get some of your accrued equity back in cash.  In the end, the amount you owe is increased (by the amount of equity you took out) but, with today’s interest rates, your rate is likely lowered.
Any cash out loan over $417,000 is classified as a jumbo cash out refinance. Many lenders do not offer cash out jumbo loans in Texas, but DFWJumbo by Hurst Lending & Insurance offers a number of jumbo cash out loan options for customers in the DFW area who are interested in taking cash out of their larger homes.

You can refinance your DFW home with a Texas jumbo cash out loan to help you:

  • Consolidate debt
  • Purchase a new car
  • Buy a second home or investment property
  • Start a new business
  • Fund other dreams

Many Jumbo Loan lenders do not offer  cash out jumbo refinance options in Texas due to the Texas Home Equity laws. You can read more about Texas Home Equity laws on our sister website, – but by Hurst Lending & Insurance offers both fixed rate jumbo cash out mortgages and adjustable rate cash out jumbo loans.

All Texas Cash Out loans require an applicant to have at least 20% equity in their home and the same rule applies to jumbo cash out loans or to refinance of prior cash out loans. The interest rates on conventional and jumbo Texas cash out mortgages are very competitive.

Please note that if you have ever taken cash out of your home in Texas, you need to get another Texas cash out loan when you refinance even if you do not take out additional funds. As we mentioned above, Texas cash out refinance laws are a bit complicated (“once a Texas cash out loan, always a Texas cash out loan” is a good way to understand the Texas law on this issue) so a good portion of jumbo investors simply do not offer them or will not offer ARM cash out loans on either the jumbo or conventional side.  At DFWJumbo by Hurst Lending, we 0ffer cash out jumbo loans with both fixed and adjustable rates.

To get a quote for a cash out jumbo refinance, please call us toll free at 877-292-7350. We would love a chance to see what scenario might work the best for you.