No-Seasoning DSCR Cash-Out Refinance (BRRRR Refi)
Standard DSCR cash-out refinance carries a 6-12 month seasoning requirement before the appraised value (not the original purchase price) is used for LTV. A growing set of non-QM lenders waive this for stabilized rentals - cash-out at the new appraised value with 3 months of seasoning, or in some cases zero seasoning under delayed-financing rules. This is the BRRRR investor's refinance path.
Highlights
- •Cash-out at the new appraised value, not purchase price
- •0-3 month seasoning vs standard 6-12 months
- •Up to 75% LTV (some lenders 80%)
- •Property must be stabilized (under lease or rented)
- •Delayed financing carve-out for all-cash purchases within 6 months
Who it's for
BRRRR investors finishing a buy-rehab-rent cycle and ready to pull capital out for the next deal, all-cash buyers using delayed-financing within 6 months of close, and operators who just completed rehab on a stabilized rental.
Active programs that fit
Non-QM Investor Loan
confirmed 5/10/2026Non-QM loan program offering flexible seasoning requirements for cash-out transactions on owner-occupied, second home, and investment properties.
DSCR Loan for Investment Properties
confirmed 5/19/2026A 30-year fixed DSCR loan program designed for investment properties, supporting complex transaction types including delayed financing and reverse 1031 exchanges.
DSCR Loan for Investment Properties
confirmed 5/20/2026An investment property loan program that qualifies based on the higher of the 1007 rent schedule or lease agreement, with asset depletion options for low DSCR.
DSCR Loan for Investment Properties
confirmed 5/14/2026A non-QM DSCR program for investors, including first-time investors, that allows for negative cash flow properties and offers flexible qualification options like asset utilization.
DSCR Loan for Investment Properties
confirmed 5/11/2026A DSCR investment property loan that allows for rate and term refinancing using the current appraised value with no seasoning requirements on ownership or listing status.
DSCR Loan for Investment Properties
confirmed 5/10/2026A DSCR-based loan program for investment properties that qualifies borrowers based on property cash flow rather than personal income, with no personal income documentation required.
Non-QM Investor Loan
confirmed 5/18/2026Non-QM loan program utilizing profit and loss statements for income qualification.
DSCR Loan for Investment Properties
confirmed 5/19/2026DSCR loan program for investment properties allowing up to 85% LTV with no cash-out seasoning requirements.
DSCR Loan for Investment Properties
confirmed 5/14/2026DSCR investor loan program for investment properties with no seasoning on cash-out refinances and no ratio options available.
DSCR Loan for Investment Properties
confirmed 5/11/2026DSCR loan program for investors allowing LLC vesting, first-time investors, and no seasoning on title or new appraised value.
DSCR Loan for Investment Properties
confirmed 5/10/2026Debt Service Coverage Ratio loan for investment properties with no ratio options available and LTVs up to 85%.
DSCR Loan for Investment Properties
confirmed 5/10/2026A flexible investment property loan program that allows for negative DSCR ratios, high leverage, and the use of asset depletion to qualify, with options for ITIN and foreign national borrowers.
Non-QM Investor Loan
confirmed 5/11/2026Non-QM loan programs now featuring no seasoning requirements for cash-out refinances and expanded eligibility for agricultural properties on an exception basis.
DSCR Loan for Investment Properties
confirmed 5/10/2026A flexible non-QM and DSCR program supporting ITIN borrowers, foreign nationals, and offering cash-out options for manufactured homes with no seasoning requirements.
DSCR Loan for Investment Properties
confirmed 5/16/2026A true DSCR program with no ratio requirement, allowing for business purpose loans with credit scores as low as 620.
Bank Statement Loan
confirmed 5/21/2026Bank statement loan program for self-employed borrowers with options up to 90% LTV.
DSCR Loan for Investment Properties
confirmed 5/9/2026A DSCR loan program for investment properties that allows for asset depletion to boost ratios, accepts first-time investors, and offers flexible credit requirements.
DSCR Loan for Investment Properties
confirmed 5/21/2026DSCR program for investment properties allowing for true business purpose loans without requiring a license.
DSCR Loan for Investment Properties
confirmed 5/9/2026A business purpose DSCR loan for 1-8 unit investment properties that does not require state licensing in most cases. The program features no reserves for loans under $1.5 million and allows for 100% gift funds for down payments.
Frequently asked questions
What is delayed financing on a DSCR cash-out?
Delayed financing lets you cash-out refi up to the original purchase price within 6 months of an all-cash purchase, with no seasoning. It's the standard BRRRR refinance path on all-cash deals.
When does the appraised value count vs purchase price?
On standard DSCR cash-out, the lower of appraised value or purchase price is used in the first 6-12 months. No-seasoning programs use the new appraised value immediately after 3 months (or sooner under specific carve-outs).
What FICO is needed for no-seasoning cash-out?
Typically 700+ for best pricing. Some programs accept 660 at reduced LTV (65-70%).
Got a no-seasoning cash-out scenario?
Tell us the deal - we'll match you with the right lender and come back with current pricing.
Related programs
No-Ratio DSCR Loans (No DSCR Minimum)
No-ratio DSCR investment property loans. Qualify even if rent does not cover the mortgage payment. Higher down payment in exchange.
Fix-to-Rent Loans for BRRRR Investors
Bundled short-term rehab loan plus pre-approved DSCR refinance for BRRRR investors. One lender, one underwriting pass, two closings.