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Updated almost 2 years ago on . Most recent reply

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106
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67
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Forrest T Schue
  • Investor
67
Votes |
106
Posts

Fannie Mae Changes Seasoning Periods?

Forrest T Schue
  • Investor
Posted

Are BRRRR investors tracking the new change to cash-out-refi seasoning periods?12 month minimum seasoning period rather than 6.

What are thoughts on how this could effect the BRRRR strategy? And how are people changing their systems?

-Forrest, CL OH investor.

Most Popular Reply

User Stats

33
Posts
32
Votes
Tyrek Brown
  • Lender
  • Freehold, NJ
32
Votes |
33
Posts
Tyrek Brown
  • Lender
  • Freehold, NJ
Replied

We will definitely be seeing some BRRRR investors pivot to DSCR lenders from bank institutions.

However, private money and cash can still be used to purchase properties and be eligible for 6-month seasoning.

I'm sure the savvy investors will find there are still plenty credit unions and local banks out there that service their own loans and won't need to worry about the requirement. 

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