What is the seasoning requirement for a DSCR rate-and-term refinance?

Most DSCR lenders require 3-6 months of seasoning since acquisition for rate-and-term refi; some accept zero seasoning for delayed financing.

Seasoning on a DSCR refinance varies by transaction type and lender. Rate-and-term refinance (no cash out): most programs require 3-6 months of ownership since the most recent acquisition, though a growing set of lenders accept zero seasoning when the original purchase was all-cash (delayed financing). Cash-out refinance: standard seasoning is 6-12 months from acquisition before the higher LTV (typically 75%) is available. Some lenders allow cash-out at 6 months but cap LTV at 70%. Delayed financing: a special carve-out for all-cash purchases that lets you cash out up to the original purchase price within 6 months, with no seasoning requirement on most non-QM lenders. This is common with BRRRR investors who buy distressed all-cash, rehab, and refi out. Title seasoning is separate from value seasoning - some lenders cap the appraised value at purchase price for the first 6-12 months even on a rate-and-term refi, which can force a wait for the higher value to count. Best practice: ask the broker upfront which lender has the shortest seasoning for your specific scenario.