In Texas, can you refinance a mortgage if changing from a primary residence to a rental property?

Question by Hokie: In Texas, can you refinance a mortgage if changing from a primary residence to a rental property?
***More specifically, can you refinance even if you have little or no equity in the home?***
We currently live in the house, but are moving out of town next month, but are trying to sell/rent the house. So my question is specifically about rental property, and if this refinance is allowed in the State of Texas. Thanks for your help!

Best answer:

Answer by Synique
It really depends on the lender.

And yes, you can refi if you have little equity in the home – again, the policies will vary from lender to lender.

Know better? Leave your own answer in the comments!