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Updated about 7 years ago on . Most recent reply

User Stats

47
Posts
17
Votes
Stuart Fox
  • Investor
  • Salt Lake City, UT
17
Votes |
47
Posts

No seasoning rental loans

Stuart Fox
  • Investor
  • Salt Lake City, UT
Posted

Does anyone know a lender that will refinance rental properties based solely on the appraisal - with no seasoning required?  

Every lender will refinance after 12 months, a lot after 6 months, and I have heard investors talk about lenders that will refi after 3 months or even with no seasoning.  But most want to refinance based off the purchase price / rehab costs if I have held the property just a short period of time.


Thanks

Most Popular Reply

User Stats

88
Posts
49
Votes
Kat Rathell
  • Rental Property Investor
  • Milwaukee, WI
49
Votes |
88
Posts
Kat Rathell
  • Rental Property Investor
  • Milwaukee, WI
Replied

This is the information I got at a local REI-Lender meet in Milwaukee, I am not sure if they work all over the US, but it is worth checking out (pardon the simplistic notes):

Contact: Teddy Khan

Key Mortgage Services

Chicago

Residential Mortgages

Cash out products, no seasoning 

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