Lender with low seasoning requirements
6 Replies
Neddie Smith
Rental Property Investor from Hallwang, Salzburg
posted over 1 year ago
I am an out-of-state investor looking for a lender to do cash-out refinancing that has low seasoning times. My properties are in the Cincinnati area. Does anyone have any suggestions for me?
Thanks in advance!
Jerry Padilla
Lender from Rochester, NY
replied over 1 year ago
How long have you owned the properties?
Conventional requires 6 months seasoning, but you can start the process prior to that time so you can close right at 6 months.
There may be some commercial lenders that have no seasoning requirements, but rates are going to be higher than conventional.
Berish Edelman
Rental Property Investor
replied over 1 year ago
Neddie Smith
Rental Property Investor from Hallwang, Salzburg
replied over 1 year ago
Thanks @Berish Edelman and @Jerry Padilla
Neddie Smith
Rental Property Investor from Hallwang, Salzburg
replied over 1 year ago
@Berish Edelman would you mind PM'ing me a contact at the community bank? I would reach out to them tonight
Berish Edelman
Rental Property Investor
replied over 1 year ago
sent!
Neddie Smith
Rental Property Investor from Hallwang, Salzburg
replied over 1 year ago
Thanks!