refinance house thats for sale

Great question: I have not lent in Texas for a few years but I know they have some unique lending guidlines. I do know for a fact you cannot refinance your home in any state if it is currently on the market. I do have portfolio lender that I broker through that will refinance a rate and term loan after being off the market for one day. If it is a cash out then you are going to have to wait for 12 months of being off the market in order to refinance. My traditional bank products alot for a rate and term refinance after having the property off the market for 6 months. The reason this is the case is that banks are trying to prevent you from taking the home off the market then taking the equity out and then selling the property in 1-2 months as this is not financially feasable for any lending institute.