My parents transferred me ownership of a condo in South Florida Miami-Dade county and I would like to do a cash out refinance. I have been looking around but every bank I have contacted has a 6 month seasoning requirement. Does anyone know of a bank or credit union in this area which does not have a 6 month seasoning requirement? Or a bank/credit union which is not in the area but will still do a cash out refinance without the 6 month seasoning requirement? Below are some of the places I have checked.
Smaller banks and credit unions have very strict guide lines and overlays. You can take cash out if you inherited the property prior to the six months.
Louis, I represent several lenders that have different requirements. I need an email address so we can vet you to see if we can fit your requirements. Hope to hear from you.
Louis, like I said before I represent several lenders, many have seasoning requirements of 30 days. Let me know so I can provide you with more info. Hope to hear from you.