Question: When Does the Seasoning Period Commence?

[John Jacobs]

Hello Lenders,

I am a private money lender.

My question is---When does the seasoning period start?  

Does seasoning start when the property is bought?  Does seasoning start when a renter moves into the property?  Are there any other events that could occur which according to a lender would constitute the start of the seasoning period?

Thank You

[Patrick Roberts]

Seasoning for ownership typically starts on the purchase date. Some lenders will also have seasoning requirements for the loan itself, which may be different than what's required for ownership. Loan seasoning requirements are usually based on the note date and the loan purpose, like cashout refi.