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Updated over 4 years ago,
Fannie May delayed financing
Does anyone here have experience with the Fannie May delayed financing exception? I'm currently under contract for a cash purchase on a SFH in Huntsville, AL and considering a cash out refinance under this program as an alternative to waiting the standard 6 month period after close. Has anyone here done this before? Are there any drawbacks or restrictions? Any input from someone who is familiar with this type of loan is appreciated.