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Updated almost 9 years ago on . Most recent reply

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63
Posts
7
Votes
Joe Ebanks
  • Kent, OH
7
Votes |
63
Posts

Looking for help getting delayed financing

Joe Ebanks
  • Kent, OH
Posted

Im looking for a lender who can help me do a delayed financing on a house I purchased here in Kent. Thank you.

Apologize in advance if I am breaking forum rules, I am unsure.. But have had problems finding someone to help me.

Most Popular Reply

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3,855
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2,648
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
2,648
Votes |
3,855
Posts
Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
Replied

@Joe Ebanks, I second Ridge Lending for delayed financing.  

@Saberian Younger, this Fannie Mae program is only possible when you pay all cash for a property, as you might do for an uninhabitable property that you repair.  You then refinance and recapture the money you spent up front.  No six month "seasoning" period.  You can use delayed financing immediately after cash purchase.  

-must use cash

-must have no liens on the property

-new loan must not exceed purchase price

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