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Updated about 1 year ago on . Most recent reply

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Inga Davis
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Looking for private money lenders/refinance seasoning period

Inga Davis
Posted

Hello,

I just purchased my first property using my heloc, it's renovated and rented out (BRRRR strategy). I bought it 3 months ago and am running into a problem when it comes to refinancing it due to the seasoning period. Most lenders seem to have a 6 month seasoning period, so I can't do a cash out refinance right now at 3 months after purchase. Are there private money lenders who do cash out refinancing deals as an alternative? Or what is the best way to get around this seosoning requirement so that i can buy my next property with my heloc? Thank you!

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Jay Hurst
  • Lender
  • Dallas, TX
1,116
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1,631
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Jay Hurst
  • Lender
  • Dallas, TX
Replied
Quote from @Inga Davis:

Hello,

I just purchased my first property using my heloc, it's renovated and rented out (BRRRR strategy). I bought it 3 months ago and am running into a problem when it comes to refinancing it due to the seasoning period. Most lenders seem to have a 6 month seasoning period, so I can't do a cash out refinance right now at 3 months after purchase. Are there private money lenders who do cash out refinancing deals as an alternative? Or what is the best way to get around this seosoning requirement so that i can buy my next property with my heloc? Thank you!


 Yes, we have a no seasoning period product. 

  • Jay Hurst
business profile image
Hurst Real Estate, INC
4.9 stars
76 Reviews

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