Has anyone had trouble getting a cash out refi in Texas?

[Oswaldo Torres]

Hi everyone, I'm a new investor in Texas working on getting my first investment property. 

Prior to committing to a hard money loan, I wanted to make sure I would be able to get a cash out refinance once I'm done rehabbing the property. I spoke to someone today from a national lending company and they told me that getting a cash out refinance in Texas is nearly impossible to do for an investment property. 

Do any of you have experience with difficulties getting a cash out refi? If not, would you recommend using a local credit union/bank for a cash out refi over a national lender?

[David Kelly]

@Oswaldo Torres

I have closed several cash outs in Texas.  It does take some special disclosures along the loan process, but it can be done.  Investment properties and all.  Reach out if you need assistance in the future.