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Updated over 4 years ago on . Most recent reply

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Gerald Bennett
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Conventional loans with short seasoning period

Gerald Bennett
Posted

Hello Everyone, Bigger Pockets!

I recently learned that when buying a house with cash, most conventional mortgage lenders have a six month title seasoning period before closing on a mortgage. Does anyone know if there are local lenders who are willing to provide conventional loans with a seasoning period of fewer than six months and if so the best way to find them? I invest primarily in San Antonio, TX. 

Thanks for the help!

- Gus 

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

No, it’s a Fannie rule, not the individual lenders. 

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