No seasoning periods for cash out Refi

[Romie Graham]

Hello everyone, 

I am completing my second BRRRR and looking to do a cash-out refi. Searching to see if any lenders are doing a cash-out with no seasoning period.

Thank You 

[River Sava]

Hi Romie - 

Some lenders may offer no seasoning requirements, but there will be limitations regarding the value used or the allowable LTV. Typically, for properties seasoned 0-3 months, the cost basis (rather than the appraised value) will be used. For 3-6 months of seasoning, the appraised value can be considered, though LTV restrictions often apply. Once the property has over 6 months of seasoning, these restrictions are usually lifted. I'd be happy to connect and discuss this in more detail!