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Updated about 6 years ago on . Most recent reply

User Stats

18
Posts
11
Votes
Jason T.
  • Wholesaler
  • Charlotte, NC
11
Votes |
18
Posts

Home Equity Loan without the 6 month seasoning requirement?

Jason T.
  • Wholesaler
  • Charlotte, NC
Posted

Hi fellow BP investors!  

Well, I'm officially stuck and hoping someone can help point me in the right direction...

I recently purchased a primary residence and have spent the last 6 weeks remodeling and rehabbing.  Among other things, I've added over 600sqft of living space to the home.

With the rehab/remodel complete, I now need to tap the equity via a HELOC or Home Equity Loan. But with every lender so far, I'm running into seasoning requirements of +6 months before a new appraisal can be used.

Does anyone know of a lender that doesn't have these seasoning requirements?  I'm located in NC. 

I'm beginning to wonder if I didn't think this through properly and am now learning one of those "very expensive" mistakes. Any suggestions would be wonderful and greatly appreciated :) 

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