Seasoning Period (New Construction)

[Jacob Glover]

Hi all!

My fiancé and I are going to be building our first rental property this spring. We are financing the build with a Heloc, once finished we’d like to cash-out refinance ASAP to payoff our line of credit. We purchased the raw land fall 2024. 

I know the seasoning period for LTV cash-out refinancing is typically 6 months. In our situation, would that seasoning period begin when we closed on the land in fall 2024? Or once I finish building the house and get the C.O.?

Thank you in advance!
Jake