Does anyone know of a lender who would refinance a property without the typical 12 month seasoning? Any way in general to refinance out of a property without seasoning? Maybe 6 months instead of 12 months?

@James Gleeson ,

I just listened to Podcast #237. There, @ian reeves said he had zero seasoning by using a commercial loan.

Elsewhere, there are banks that will do 6 months seasoning and it seems to still be a "conforming" loan for them.

From what I understand, Quicken Loans only requires 6 months.  Otherwise your best bet will be a small local bank that is using private funds for lending.

@James Gleeson

Are you refinancing one property or a portfolio?

@James Gleeson You can cash out after 6 month under conventional loan even though you have used HML. If its rate and term you can refinance any time.

@Daniel Federico a portfolio

@James Gleeson

James,

Refinancing before the 12 month seasoning is definitely an option.

@James Gleeson my local credit union refi'Ed my HML after two months. They had no seasoning. Call small local banks and credit unions.

@James Gleeson

I have a local portfolio lender that requires no seasoning. I found them by asking around on Bigger Pockets!

So, I’d recommend asking people in your area either on BP or in local meetups.

Once a few investors in my area discovered the portfolio lender the word spread like wildfire! Now it seems like everyone is using them.

@James Gleeson If you go commercial you don't have to "season" . I closed on refi 3weeks after I moved my first tenant into the property . If your using your LLC, that's the way You have to go anyway .

@James Gleeson  

You can refinance rate and term with no title seasoning. However, with cashout you have to have 12 months title seasoning for FHA and 6 months for Conventional.

Most lenders should be 6 months at least thats my experience and I know there are a few that will do less then 6 months.