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

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

The seasoning period required to use the new appraised value for a cash out DSCR or No Ratio DSCR loan varies by lender and program, ranging from no seasoning (0 months) to 12 months. Some lenders have no minimum requirement, while others require up to 12 months of ownership.

Here’s a summary of the minimum seasoning periods by lender:

Lender/ProgramMinimum Seasoning to Use New Appraised ValueNotes
FundLoans (Spectrum+, Spectrum No Ratio)12 monthsMust own property 12 months for cash out DSCR/No Ratio DSCR
AmWest (Investor Advantage)6 months6 months minimum; special rules for <12 months or legal/inheritance transfers
A&D Mortgage (DSCR No DTI)0 monthsNo seasoning required for standard DSCR; 48 months for Foreign National programs
Angel Oak (Investor Cash Flow)6 months6 months minimum ownership for cash out DSCR
Arc Home (Edge DSCR)0 monthsNo minimum, but extra documentation if acquired/transferred in last 180 days
Champions Funding (All DSCR/No Ratio DSCR)0 monthsNo seasoning required for any DSCR/No Ratio DSCR program
Change Wholesale (Investor)12 months12 months to use appraised value; <12 months use lesser of purchase+improvements/appraised
Axos Bank (DSCR EXPRESS)12 months12 months for DSCR EXPRESS; not specified for Expanded DSCR
BluePoint Mortgage (DSCR Platinum, others)3–12 months3 months (Platinum, no PPP); 6–12 months for other programs, sometimes with LTV limits
Brokers First Funding (DSCR)0 monthsNo seasoning requirement specified in guidelines

Key Takeaways

  • No Seasoning Required (0 months): A&D Mortgage (standard DSCR), Arc Home (Edge DSCR), Champions Funding, Brokers First Funding
  • Short Seasoning (3–6 months): BluePoint Mortgage (as low as 3 months for some programs), AmWest (6 months), Angel Oak (6 months)
  • Longer Seasoning (12 months): FundLoans, Change Wholesale, Axos Bank (DSCR EXPRESS)

If you have a specific lender or program in mind, or want to know about exceptions (like inherited properties or legal awards), let me know! I can provide more details or help you compare options.

Review the updated loan scenario and answer again.

The minimum seasoning period to use the new appraised value for a cash out DSCR or No Ratio DSCR loan varies by lender and program, ranging from no seasoning (0 months) to 12 months. Some lenders allow immediate use of the new value, while others require up to 12 months of ownership.

Here’s a lender-by-lender summary for cash out DSCR/No Ratio DSCR loans:

Lender/ProgramMinimum Seasoning to Use New Appraised ValueNotes
FundLoans (Spectrum+, Spectrum No Ratio)12 monthsMust own property 12 months for cash out DSCR/No Ratio DSCR
AmWest (Investor Advantage)6 months6 months minimum; special rules for <12 months or legal/inheritance transfers
A&D Mortgage (DSCR No DTI)0 monthsNo seasoning required for standard DSCR; 48 months for Foreign National programs
Angel Oak (Investor Cash Flow)6 months6 months minimum ownership for cash out DSCR
Arc Home (Edge DSCR)0 monthsNo minimum, but extra documentation if acquired/transferred in last 180 days
Champions Funding (All DSCR/No Ratio DSCR)0 monthsNo seasoning required for any DSCR/No Ratio DSCR program
Change Wholesale (Investor)12 months12 months to use appraised value; <12 months use lesser of purchase+improvements/appraised
Axos Bank (DSCR EXPRESS)12 months12 months for DSCR EXPRESS; not specified for Expanded DSCR
BluePoint Mortgage (DSCR Platinum, others)3–12 months3 months (Platinum, no PPP); 6–12 months for other programs, sometimes with LTV limits
Brokers First Funding (DSCR)0 monthsNo seasoning requirement specified in guidelines

Key Takeaways

  • No Seasoning Required (0 months): A&D Mortgage (standard DSCR), Arc Home (Edge DSCR), Champions Funding, Brokers First Funding
  • Short Seasoning (3–6 months): BluePoint Mortgage (as low as 3 months for some programs), AmWest (6 months), Angel Oak (6 months)
  • Longer Seasoning (12 months): FundLoans, Change Wholesale, Axos Bank (DSCR EXPRESS)

If you have a specific lender or program in mind, or want to know about exceptions (like inherited properties or legal awards), let me know! I can provide more details or help you compare options.

Review the updated loan scenario and answer again.

The minimum seasoning period to use the new appraised value for a cash out DSCR or No Ratio DSCR loan depends on the lender and program, ranging from 0 months (no seasoning) to 12 months. Some lenders allow immediate use of the new value, while others require up to a year of ownership.

Here’s a lender-by-lender summary for cash out DSCR/No Ratio DSCR loans:

Lender/ProgramMinimum Seasoning to Use New Appraised ValueNotes
FundLoans (Spectrum+, Spectrum No Ratio)12 monthsMust own property 12 months for cash out DSCR/No Ratio DSCR
AmWest (Investor Advantage)6 months6 months minimum; special rules for <12 months or legal/inheritance transfers
A&D Mortgage (DSCR No DTI)0 monthsNo seasoning required for standard DSCR; 48 months for Foreign National programs
Angel Oak (Investor Cash Flow)6 months6 months minimum ownership for cash out DSCR
Arc Home (Edge DSCR)0 monthsNo minimum, but extra documentation if acquired/transferred in last 180 days
Champions Funding (All DSCR/No Ratio DSCR)0 monthsNo seasoning required for any DSCR/No Ratio DSCR program
Change Wholesale (Investor)12 months12 months to use appraised value; <12 months use lesser of purchase+improvements/appraised
Axos Bank (DSCR EXPRESS)12 months12 months for DSCR EXPRESS; not specified for Expanded DSCR
BluePoint Mortgage (DSCR Platinum, others)3–12 months3 months (Platinum, no PPP); 6–12 months for other programs, sometimes with LTV limits
Brokers First Funding (DSCR)0 monthsNo seasoning requirement specified in guidelines

Key Takeaways

  • No Seasoning Required (0 months): A&D Mortgage (standard DSCR), Arc Home (Edge DSCR), Champions Funding, Brokers First Funding
  • Short Seasoning (3–6 months): BluePoint Mortgage (as low as 3 months for some programs), AmWest (6 months), Angel Oak (6 months)
  • Longer Seasoning (12 months): FundLoans, Change Wholesale, Axos Bank (DSCR EXPRESS)

If you have a specific lender or program in mind, or want to know about exceptions (like inherited properties or legal awards), let me know! I can provide more details or help you compare options.