financing after all cash purchase

[Jeffrey Townsend]

I just purchased a home at courthouse auction all cash, part of the money was gifted. What financing options do I have to get the money back out? A lender I spoke with said the bank will want to know where the money came from but I am not understanding this as the deed is in my name? Is there a minimum time requirement before you can do a cash out refinance after purchasing the home? Thanks!

[Roman M.]

With conventional there is 6 month wait. With hard money there should be no wait.

questions on where money came from is BS in my opinion.  If they ask you that then look for another lender.