Cash out refi from HML at 90 days for owner occupier?

[Maddy C.]

BRRRRing a property in Cincinnati, but now considering moving into the home.

Are there any loan products that would allow me to cash-out refi at 90 days? I was going to do a DSCR loan to cash-out as an investment property at 90 days. With rates expected to continue rising I don't want to wait the 6 months if possible.

[Andrew Garcia]

HI @Maddy C., not all DSCR lenders require a 6-month waiting period. You can do a DSCR cash-out at 90 days.

Since you seem rate sensitive, you could do a delayed financing cash-out for conventional since you are occupying the loan. You could do a 90-day lock for conventional so you do not need to be concerned about rates rising.

The downside with that is that you won't have your cash out for another 3 months.

Hope this helps! Let me know if I can be of any assistance.