How does the Texas A6 law affect refinancing a VA loan?

If the current loan is a VA loan, you have never taken cash out of your home (home equity loan or HELOC) and you are not planning on taking cash out of your home, than there should not be any affect on a VA IRRRL. If you have further questions, please feel free to call me at 281.841.1723.

Hi Papastrong512, That's a great question. If you're wanting to refinance a non VA mortgage into a VA mortgage, it's called a VA cash-out refinance but under Texas A6 it's a normal rate and term refinance. So let's say you have a conventional or FHA loan and you want to refinance that mortgage into a VA loan. You can refinance into a VA loan up to 100% of your homes appraised value. If you're wanting to do an actual cash-out refinance VA & FHA are not options in Texas so you would have to go with conventional loan and you'll be capped at 80% of your homes value. | Please feel free to contact me for more information or help. John Burke | Senior Mortgage Banker | Great Plains National Bank http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states |

If your behind on payments or in Pre-Foreclosure I can help get you cash fast and save your credit!