Lenders with No seasoning for Cashout Refi
Anyone know of lenders that do not have a seasoning period for a cash out refi in Kansas city area?
Typically if renovations were done you can avoid a seasoning period. Did you add value to the property and how did you pay for the renovations?
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- Austin, TX
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Quote from @Jesse P Neumann:
Anyone know of lenders that do not have a seasoning period for a cash out refi in Kansas city area?
We will have no seasoning requirement if you bought all cash and are refinancing within 3 months. If its post 3-months, we can do a full 100% cash-out refi. PM me if you want to discuss further
@Jesse P Neumann It all depends on the details. If you bough the property in cash, then you can do a delayed cash-out refi within the initial 6 months, without any seasoning. The cash-out amount is limited to the lower of: Max allowed LTV or purchase price + purchase closing cost.
Reach out if you would like to discuss more. Happy to help and point you in the right direction.
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Lender (#National Lender NMLS 1374243)
- The Federal Savings Bank
- (571) 331-5161
- https://mortgagefinancepros.com
- [email protected]