6 month cash out refinance still applicable?

[Daniel O'Dowd]

Anyone finding lenders who do 6 month cash out refinances lately? All of the lenders I’ve used are/have pivoted to 12 month seasoning periods. Not sure if this is a product of the changing times or its just time to look for new lenders

[Brittany Minocchi]

If you're talking about conventional cash outs, the requirement is still 12 months if you want to pull based on ARV, otherwise you're limited to pulling based on purchase price. If you're open to other options, you can do a refi with 6 months seasoning (or even no seasoning as long as you can document the rehab in some cases - before/after pics, receipts, invoices, etc. FYI, these types of loans will have prepayment penalties and higher fees than conventional financing.