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Agent_Mike
766 Posts |
 Posted - 07/20/2008 : 11:05:23 AM
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Hi Guys,
Any banks that will do a cash out refinance to 75% with no seasoning required?
I'm trying to find out more qualifications on this. I'm not sure about FICO, etc. But any banks can possibly do this? Thanks in advanced. |
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VVance
4866 Posts |
Posted - 07/20/2008 : 12:09:56 PM
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| Why not Fannie? Or are you in Jumbo territory? |
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lukeallison
1549 Posts |
Posted - 07/20/2008 : 1:58:03 PM
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| We can cash out with 1 day on title at Flagstar. I think US Bank will too. Not sure of the others. |
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peter
5814 Posts |
Posted - 07/20/2008 : 6:35:09 PM
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LP now requires 6 months title seasoning on refi cashout,
but DU still has not requred that yet, as per an e-mail from
HSBC.
Make sure that you select DU when you do the lender's AUS.
Peter |
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davidfr
1895 Posts |
Posted - 07/20/2008 : 6:46:58 PM
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quote:
Originally posted by peter
LP now requires 6 months title seasoning on refi cashout,
but DU still has not requred that yet, as per an e-mail from
HSBC.
Make sure that you select DU when you do the lender's AUS.
Peter
I don't agree. My understanding is that with the new version of DU but FNMA and Freddie require 6 months seasoning for cash out. |
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