Looking for cash-out refinance

[Stephen Bianes]

Hi everyone! I'm currently searching for a bank or CU that will give us the best cash-out refinance product. I'm new at this and I need your help. Has anyone come across a small bank or credit union that does < 6 months of seasoning period with 70%-80% LTV of the appraised value given that you bought the property with cash and rehabbed it for < 6 month?

Basing from my conversations with 3 banks in Austin they do  "delayed financing exceptions," this is if you choose to refinance it before 6 months, and correct me if I'm mistaken, that means they will only refinance you based on your actual purchase of the property not the appraised value?