No Seasoning Cash-Out Refinance Program
1. You purchase the house – with cash, hard money, or another type of loan.
2. Make the necessary repairs and upgrades to the home.
3. Use the stepped-up, improved home value for cash out immediately (without having to wait for the loan to season).
Furthermore, we employ the market rents from the appraisal to determine the potential cash flow for unoccupied properties, further optimizing your investment gains. We believe this solution aligns perfectly with your financial objectives and would be delighted to explore this opportunity with you further.
No Seasoning Investor Cash-Out Loan
No Seasoning Finance FAQ
What is the seasoning period for our Hurst lending investor cash-out loan program?
Our investment property cash-out refinance loan has no seasoning period. You can purchase an investment property, fix it up, and immediately pull out your cash using the new appraised value with no seasoning period.
How does our seasoning period compare to other lenders?
We offer investor cash-out loans with no seasoning period. This is very different from other lenders. The seasoning period for most lenders is now 1 year. You may have heard that you can do a cash-out refinance on a conventional loan that has been held for 6 months. This is no longer the case. Fannie Mae and Freddie Mac adopted a new rule on March 7, 2023, that states a loan must be held for a full year before the loan is considered to be seasoned and can be refinanced using the current appraised value. The new rule is as follows:
When proceeds of a cash-out refinance Mortgage are used to pay off a First Lien Mortgage, the First Lien Mortgage being refinanced must be seasoned for at least 12 months (i.e., at least 12 months must have passed between the Note Date of the Mortgage being refinanced and the Note Date of the cash-out refinance Mortgage), as documented in the Mortgage file (e.g., on the credit report or title commitment).
We are different. Real estate investors founded Hurst Lending and we developed a suite of investor loan products to help you grow your portfolio. With our program, you can refinance as soon as your repairs are complete. You don’t have to wait a year to take out your cash.
How does it work?
Our proprietary Two-Step Cashout Loan eliminates the need to wait for the typical one-year seasoning requirement.
The first step is for us to provide you with a no-seasoning short-term cash-out loan using the full stepped-up value of the property. The second step is for us to immediately refinance you into a long-term conventional loan by leveraging a common Fannie Mae & Freddie Mac program. The second step of our process is considered to be a “rate and term” refinance and there is consequently no one-year restriction on moving you into a conventional loan.
The Net Result is that you get cash out of your property using the appraised value without the one-year seasoning requirement.
We Also Offer Other Investor Loans
CONVENTIONAL
We secure real estate investor loans.
LLC LOANS
Loans for your 1-4 family rental property.
BRIDGE LOANS
Low rate loan for your properties.
INVESTOR HELOC
Access the equity your properties.
Not Just Lenders - Problem Solvers!
Great Rates
Lots of mortgage lenders can offer a good rate on a conventional loan. We can too – in fact, our rates are some of the best around.
Unique Solutions
The difference? Hurst Lending finds ways to make the deal work when your mortgage needs are outside the “conventional loan” box.
Get a No Seasoning Cash Out Refinance Loan
About Hurst Lending's Real Estate Investing Services
Our founders started out as residential real estate investors and they learned how to leverage their borrowing capacity to build a high-quality real estate portfolio over time. Along the way they built Hurst Lending and created a deep suite of loan products to address needs they had as real estate investors. Our loan products help investors: (1) grow their portfolios, (2) access their equity with no seasoning period or obtain an investment property HELOC, and (3) acquire properties without high-cost hard money loans.
We also love working with new investors (who have solid w-2 jobs) to help them start investing in real estate. People with w-2 jobs are able to access low-cost long-term fixed-rate financing and this is the best way to grow your portfolio over time. The main thing that holds people back is the uncertainty about being a landlord and not having the tools to get started. We solve this issue by offering our mortgage clients access to our real estate investing experts and providing our clients the same suite of tools, contacts, and contractors used by our founders for their own investment properties (at no extra cost).* If you are interested in growing your portfolio or getting started investing in Real Estate, click the get started button below or feel free to reach out to Scott Bialek, one of our founders, at sbialek@hurstlending.com. He loves helping real estate investors grow their portfolios.
*Some services are only available in limited locations and offers may be changed at any time.
Over $1 Billion in Loans Funded
And we're just getting started!
We're Expanding
Offering loans in Alabama, Colorado, Florida, Georgia, Idaho, Iowa, Louisiana, Oklahoma, Oregon, Pennsylvania, Virginia, Texas and Washington.
Latest Blog Posts
The Savvy Investor’s Guide: Traditional Loans vs. LLC Loans – Your Path to Real Estate Success
Author: Scott Bialek, Co-Founder of Hurst Lending Date: January 15, 2024Introduction Investing in real estate is like dancing on a financial tightrope – thrilling, but fraught with risks. As an investor, your top priority is to maximize your gains while minimizing...
Real Estate Investing 101: How to Take Advantage of Low-Down-Payment Loan Programs
Purchasing a multifamily property and occupying one of the units is a smart investment strategy for real estate investors. By taking advantage of special loan programs that offer low down payments like FHA and VA loans, you can maximize profits and minimize expenses. Hurst Lending specializes in providing low-down-payment loans for real estate investors, offering a variety of loan programs with exceptional customer service and a streamlined loan application process.
Rehab Loans
Does Hurst Lending offer rehab loans? Does Hurst Lending lend based on after repair value? The answer is absolutely to both! In the state of Texas, Hurst lends to real estate investors based on the after repair value (ARV) of a property that needs some updating or...
