Updated about 1 month ago on . Most recent reply
Cash Out Refi Recommendations
Looking for recommendations for my second BRRRR for cash out refi. The first lender I used changed their seasoning from 6 months to 12 months. I'm looking to do a conventional loan for 30 years but not have wait 12 months for it. I'd prefer conventional over DSCR due to fees. Any recommendations would be appreciated. I've owned the single family home for 4 months and it's been rehabbed and it's been rented out for a month now. I'm in Indianapolis, IN. Thank you!
Most Popular Reply
Hi Steele for any conventional loan you unfortunately are stuck between a rock and a hard place as Fannie and Freddie will make you wait the 12 months. Now maybe you can find a credit union that will hold the loan on their books and may allow it. That's the route I'd go looking for.