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Updated about 6 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Aamir H.
  • Investor
  • Dallas, TX
2
Votes |
5
Posts

Looking for banks without Seasoning requirements

Aamir H.
  • Investor
  • Dallas, TX
Posted

Has anyone worked with a bank that can do a conventional 30 year cash out refi without having to wait the 6 month seasoning period. Preferably would like at least 75% LTV. Currently in a deal all cash already got it rehabbed and rented. Just looking to pull the money back out to reuse in the next deal. Would also love to hear of any other strategies being used in a like manner.

Any help or advice would be appreciated.

Thanks in advance. 

Most Popular Reply

User Stats

25
Posts
15
Votes
Amit Shenoy
  • edison, nj
15
Votes |
25
Posts
Amit Shenoy
  • edison, nj
Replied

If the houses are in Philadelphia , New Jersey then u can use First Trust bank. They dont need a seasoning period.

For Pittsburgh oh my Gawd even delayed financing I think i have better luck pulling a teeth out of an elephant than getting a loan from a bank.

Cheers

Amit

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