* Q2 loss 34 cents/share vs Street view of 31-cent loss

* Homebuilding revenue $775.3 mln vs $1.62 bln

* Terminates revolving credit facility

* Shares flat after 9 pct rise in regular session (Adds analyst comment on credit decision, cash detail)

NEW YORK, May 4 (Reuters) - Homebuilder D.R. Horton Inc (DHI.N: Quote, Profile, Research) reported a narrower second-quarter loss on Monday as charges to write down the value of its land declined but its results still missed analysts' estimates.

The Fort Worth, Texas-based builder posted a loss of $108.6 million, or 34 cents per share, for its fiscal second quarter ended March 31, compared with a loss of $1.3 billion, or $4.14 per share in the year-earlier quarter.

Analysts on average had expected a loss of 31 cents per share, according to Reuters Estimates.

The results included $48.1 million in land write-downs, down from $834.1 million in last year's second quarter.

Homebuilding revenue fell to $775.3 million from $1.62 billion, as closings fell 47 percent to 3,585.