Options for second primary res loan within 12 months?

[Diana Frasier]

Hi BP Friends,

I am hoping to find some guidance for my current issue below:

- I did a cash out refinance that closed in August of 2021 on my primary residence. I intend to turn it into a long term rental

- I would like to purchase another home as my new primary residence. I plan to stay in my current home while doing minor reno and finding tenants so will be right at 12 months when I move

My question - can I actually close a loan since im less than 12 months from my prior refi? Do lenders check this or is it somewhat discretionary? Can I go private lender?

Im willing to put 20% down just to be able to close it since the house is fabulous

Thanks!!