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Updated over 10 years ago on . Most recent reply
All-cash purchase: how long before a bank refi?
Hi, let's say I buy a cheap $40,000 house which appraises for the same amount. If I pay in cash, do I have to wait for a certain amount of time before applying for a refinance?
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James Wise
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James Wise#5 All Forums Contributor
#5 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
You can get a refi immediately after the sale.
If you want to get a refi & use a new appraised value as opposed to the purchase price.
(common if you buy a house cash then rehab it)
You will need 6-12 months seasoning. 12 months being more common.