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Updated about 6 years ago on . Most recent reply
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No seasoning rental loans
Does anyone know a lender that will refinance rental properties based solely on the appraisal - with no seasoning required?
Every lender will refinance after 12 months, a lot after 6 months, and I have heard investors talk about lenders that will refi after 3 months or even with no seasoning. But most want to refinance based off the purchase price / rehab costs if I have held the property just a short period of time.
Thanks
Most Popular Reply
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This is the information I got at a local REI-Lender meet in Milwaukee, I am not sure if they work all over the US, but it is worth checking out (pardon the simplistic notes):
Contact: Teddy Khan
Key Mortgage Services
Chicago
Residential Mortgages
Cash out products, no seasoning