Cash purchase - then Finance

[Kyle A.]

Quick question that I can't seem to find a lot of information on: What are the best options for financing a house that you paid cash for?

It's a hot market right now and to make my offer more attractive I'm considering making a cash offer on my next purchase. However, I'd still like to be able to get a mortgage after the fact to replenish my reserves.

I spoke with my bank and they said they only offer a delayed financing option where you can only get back 75% LTV on a single family and 70% on a multi-family. I am surprised that is their only option and was wondering if there are any other options or products that folks on here have used. Why can't you get a FHA loan or worst case conventional on a house you already own? It doesn't make sense that it can only be on the initial purchase.

Thanks!