Bay Area Delayed Financing?

[Stephen Chu]

Hi,

Since in the Bay Area, almost every loan is either a high-balance conforming loan or a jumbo loan, I was wondering whether the financing strategy of Delayed Financing would even work. Say, you close a property in all-cash, then what lenders are willing and able to perform a Delayed Financing refi for you within 6 months of your close? Are there limits (like, no jumbo)? I haven't called around to ask yet, but I can imagine most B&M banks cannot do this, due to their business model heavily focus on putting people into homes to live from the get go? Will interest rates be higher in DF than in a traditional loan at closing? Any other gotchas and tips that you can think off worth sharing?

Thanks!