Lenders who refi with no minimum loan requirement

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Lenders who refi with no minimum loan requirement

Shuvrajit Mukherjee
New to Real Estate · Chicago · Member since 2023 · 46 posts · 22 votes

I am looking for lenders who provides refi 

- with dscr, 

- without any seasoning(or very less time period)

- 75% LTV

- and no minimum loan requirement.

The properties I'm looking to refi, has ARV in the range 85-110k.

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  • Brittany MinocchiBusiness Member
    Lender · Massillon, OH · Member since 2022 · 1k+ posts · 486 votes
    3y

    If you are only refinancing one property, that will be tough. If you're willing to refinance 2+ properties into a blanket loan, that will help with the minimum loan requirement. There still IS one, but usually you can go lower with this method. LTV will depend on credit. To use new appraised value and get around the seasoning requirement, you'll need to be able to document value add.

    [email protected]330-354-6590
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  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 664 votes
    3y

    Generally, you're going to find most lenders want to season properties for at least 6 months for all cash-out deals. There are a few out there that do 3 months, but the likelihood you find the trifecta you are looking for with the no loan minimum is slim to none.

    [email protected]860-538-3672
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