Are there really lenders that let you Refinance after 4 months?

[Carl Mccrory]

So in David Green's book "BRRRR" he mentions that banks will let you refi after 4-6 months. I have seen lenders that do the 6 mo refi, but haven't seen the 4 month at all. I am prepared to keep reaching out to as many as I need to, but I just wanted to see if anyone else has been able to refi at 4 months. thanks.

[Chris Mason]

Originally posted by @Carl Mccrory:

So in David Green's book "BRRRR" he mentions that banks will let you refi after 4-6 months. I have seen lenders that do the 6 mo refi, but haven't seen the 4 month at all. I am prepared to keep reaching out to as many as I need to, but I just wanted to see if anyone else has been able to refi at 4 months. thanks.

 If you want the Fannie Mae subsidy for your interest rate and fees, you have to play by her rules. For a cash out refinance using the new ARV (but not other refinances), 6 months on title is the general requirement. 

In practice, I've yet to meet a first timer pull the rehab portion of a BRRRR off in less than six months anyways. In all probability this isn't what you should be worried about. Worry not, on your first BRRRR the contractor delays will push it past six months (you got 3 bids and picked the cheapest, didn't ya?), and contractor cost overruns (yeah, about the credibility of that cheapest bid...) will ensure it's over budget to boot. :)