Cash out refinance for a rehabbed property acquired less than a year ago in Mesa, AZ

[Shahrouz S.]

Hi, I'm interested in pursuing a cash-out refinance for a property I purchased in Mesa, AZ back in August 2023 using a hard money loan. I've been informed about the conventional loan's 12-month seasoning period, which restricts cash-out refinancing in my situation. Therefore, I'm exploring the option of obtaining a non-QM (Non-Qualified Mortgage) loan.

Please let me know if you have any contacts or recommendations for lenders who could assist with this type of financing. Thank you.

[Erik Estrada]

Quote from @Shahrouz S.:

**UPDATE** I am preferably looking for a non-QM full doc program primarily because the property is vacant and the projected monthly rent to PITI is ~0.6

You can still refinance with a NO Ratio DSCR loan at 75% LTV. The rate won't be that great.