What is the refi seasoning period if you buy cash and refi :)

[Jonathan Farber]

How long do you have to hold a property after you purchase with cash before doing bank refi?  Reason I ask is because I would like to buy a competitive deal with cash and convert it to a bank refi loan as soon as possible after.  Thank you!!!

[Kevin Romines]

If you pay cash and have no lien against the property, you can close a delayed financing loan (Fannie Mae) 10 minutes after you are on title. Here are the Caveats though, you can only refinance to get the amount of your acquisition cost back out + roll in refinance closing costs up to 75% LTV on a non-owner occupied property and or up to 80% on an owner occupied property.

If you want cash out beyond the acquisition costs, based on a higher appraised value, you must be on title for 6 months and you can do 75% LTV on a rental, and 80% on an owner occupied for conventional loans.

You can do cash out on some portfolio loans immediately after purchase to as long as 6 months after purchase. You can generally get higher LTV' s than conventional, up to 85, maybe 90% depending on occupancy and credit score. The rates tend to be about 2% higher than conventional rates, but allow the loan in the name of LLC's with a personal guarantee.

So it depends on what flavor of loan you want and how you want to go about it?

I hope this helps?