Hi everyone,

I am curious if Covid has created any new restrictions for cash out refinance options or equity lines in California. I'm particularly interested in seasoning requirements and LTV limits. My understanding is that historically the seasoning requirement for an investment property was 6 months with an LTV of 75% for single family and 70% for multi. But I'm hearing that I must now wait 1 year before I can refinance on appraised ARV. Does anyone have insight on this question?

Thank you!

Eric

@Eric Tate that answer is going to differ from lender to lender. There were many lenders who tightened up their guidelines across the board due to COVID however many of the restrictions have been removed or easing up a bit over the past 5 months or so

@Tarik Turner thank you!