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Nikki Closser
  • Investor
  • Michigan
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They all say 12 months season for a cash out refi??

Nikki Closser
  • Investor
  • Michigan
Posted Dec 2 2019, 12:32

Hi Everyone! I read Andrew Postell's post about doing cash-out refi's and he says in there that if you pay for the home with cash or a HELOC that you can get a cash-out loan on day 1. I've called 4 credit unions and they all said the same thing: 12 months seasoning on an investment property even if we pay cash. They said it's a Freddie/Fannie rule.

I'm so confused!

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