Can I combine two house loans into one loan?

You could get a cash out loan on one and own the other free and clear. Other than that what you are asking is a blanket loan and is available but you'd have to own 5 or more properties do do that.

The short answer is no.."blanket financing" combining several pieces of collateral is not available for conventional financing...it is available with some private lenders or commercial financing which have different terms...

Hi...I only work in Ca. though I do know TX has some pretty strict cash out guidelines. My first question is the value...are the homes worth $175K each? Or $350K each? There will be loan limits that apply to a cash out refinance. Check with your local mortgage banker with this info and they can advise you...

It's possible, but not how you think.. You could do a cash out refi on one property, take the proceeds from the cash out and pay off the other loan.. But keep in mind that in TX, your only allowed to do a cash out on your primary residence to 80% of it's value.. 75% for investment properties.. for a $350K value, you could only finance $280K for primary, or $262,500 for investment. So if you go this route, you would need to bring money to the table to make it work.. otherwise, there is no Blanket financing available for your scenario. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

William J Acres pretty much nailed it on the head. Sean

Feel free to contact regarding the Ca property and I can do an analysis for you to see if it makes sense and meets your objective...877-369-4319 or 562-254-5616. Regards

A $300,000 loan on your primary residence may be the best answer; that loan is about 86% of the property value, so you would have some mortgage insurance. A blanket loan where available, would be at much higher commercial rates.

Cash out loans are generally possible up to 85% of the home value unless you are eligible for a VA mortgage.