What seasoning period is required to use the new appraised value for a cash out DSCR loan?

Summary of Seasoning Periods for Cash-Out DSCR Loans

The required seasoning period to use the new appraised value for a cash-out DSCR loan varies by lender and program. Here's a breakdown:

Lender	Seasoning Period	Details
A&D Mortgage	6 months	Ownership of at least 6 months is required. For less than 6 months, the value is based on the lower of the appraised value or purchase price plus improvements.
AmWest	12 months	Ownership of 12 months is required. For 6-12 months, the value is limited to the lesser of appraised value or purchase price plus improvements.
Champions Funding	12 months	Applies to the **Accelerator – DSCR
Change Wholesale	12 months	Applies to the Community Mortgage program.
Deephaven	6 months	Ownership of at least 6 months is required.
Newfi Lending	6 months	Ownership of at least 6 months is required. For less than 6 months, the value is based on the lesser of acquisition cost or appraised value.
NQM Funding	6 months	Ownership of at least 6 months is required. For 6-12 months, the appraised value can be used except for Condotels and Foreign National loans.
LoanStream	6 months	Applies to all DSCR programs.
FundLoans	6 months	Applies to the Spectrum+ program.
Angel Oak	12 months	Applies to the Portfolio Select program.

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Key Takeaways:

• 6-Month Requirement: Most lenders, including A&D Mortgage, Deephaven, Newfi Lending, NQM Funding, LoanStream, and FundLoans, require a minimum of 6 months of ownership.
• 12-Month Requirement: AmWest, Champions Funding, Change Wholesale, and Angel Oak require 12 months of ownership for the new appraised value to be used.

Let me know if you'd like more details about any specific lender or program!