Cash out REFI in San Antonio
Hi Everyone,
I'm finishing up my first San Antonio project in the next few weeks (a 3/2 SFR rehab), and I'm looking to perform a cash out refi into atleast a 7 year, or 30 year fixed loan product. I would also be interested in a product that would accept series LLCs, and a shorter seasoning period (3 months or less). I know an option is to take out a loan in my name, then quit claim deed, but I rather not do that. Does anyone know of any other alternatives I might have? PM is ok.
Most Popular Reply
Series LLC you have to be the sole owner (+spouse is okay) and provide proof LLC is current in Texas. Shorter seasoning is okay. There are several cash out refinance products to choose from, depending on your paper income, FICO, and cash flow. 30 year fixed is available and interest only for five. You need reserves of 6 or 12 months depending on program.