Buy Today and Refinance Tomorrow – No Seasoning loan is a game changer! Did you recently purchase an investment property using a bridge loan or private money? Recently rehab the property for a new value? Now you’re looking to cash out, but lenders are telling you to wait 6, maybe even 12 months?
What is a Buy Today and Refinance Tomorrow – No Seasoning Loan?
Now with DSCR financing, you can refinance the next day, week, or month after you purchase date with no waiting required to refinancing. Need a cash-out refinance? Not a problem.
A DSCR Cash Flow Loan is a financing tool designed for purchasing or refinancing investment properties without requiring income verification. Instead of traditional income qualifications, lenders assess the property’s cash flow—specifically, whether the rental income is sufficient to cover the PITI (Principal, Interest, Taxes, and Insurance) payments.
The higher the DSCR (Debt Service Coverage Ratio), the easier it becomes to secure financing for your investment.
How is Buy Today and Refinance Tomorrow – Loan (No Income Required) Calculated?
Example Calculation:
- New P&I Payment: $1,851.26
- Taxes: $758.53
- Insurance: $147.00
- Total PITI: $2,756.79
- Current Rents: $3,200
- DSCR Calculation: $3,200 ÷ $2,756.79 = 1.16 DSCR
See below No Seasoning From Purchase DSCR Cash Out Loan Highlights
- $3,000,0000 max loan amount
- Use the higher of the lease or 1007
- No cash out seasoning
- Vacant refinances and purchases allowed with no LTV reduction, use the 1007 market rent
- We allow Asset Depletion to increase rents for the DSCR calculation
- Recently listed properties OK (listing removed by close date)
- Up to 85% LTV purchase for SFR
- Up to 80% LTV cash out for a seasoned investor
- First time homebuyer and first time investor allowed
- No Ratio with 660+ FICO (DSCR < .75)
- 100% of the down payment and closing costs can be gifted on 1-4 units
- Short term rents allowed
Other Amazing Products Laura Licea at Valor Lending Group Can Offer:
- Hard Money Loans (20% down rate/term or purchase, 75% cashout, and minimal documentation)
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 10% down Jumbo’s with NO MI up to 2MM / 15% down up to $3mm
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans
- Foreign Nationals Loans (no social security or residency required)
CALL LAURA LICEA TODAY FOR ALL AND EVERY LOAN SCENERIO 949-887-3728 or LLICEA@VALORLENDING.COM
We are never too busy for your referrals.
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