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 loan varies by lender and program, but generally ranges from 0 to 12 months.

Key Details by Lender:

1. FundLoans:

   • Spectrum+: 12 months seasoning required if the property was purchased within 12 months of closing.
   • Spectrum No Ratio: No specific seasoning requirement mentioned, but 12 months is generally required for refinance transactions.

2. A&D Mortgage:

   • DSCR (No DTI): No seasoning required (0 months).
   • Foreign National DSCR: 48 months seasoning required.

3. Angel Oak:

   • 6 months seasoning required for all DSCR programs.

4. Arc Home:

   • Access DSCR and Edge DSCR: No minimum seasoning required, but specific conditions apply if the property has been owned for less than 180 days.

5. Champions Funding:

   • 6 months seasoning required.

6. Change Wholesale:

   • Less than 12 months: Use the lesser of purchase price plus documented improvements or appraised value.
   • 12 months or more: Appraised value can be used.
   • Cash-out seasoning of less than 6 months is not permitted unless acquired through inheritance or legal award.

7. Deephaven:

   • DSCR Program: 6 months seasoning required.
   • DSCR 5-9 Unit Wholesale: 12 months seasoning required.

8. NQM Funding:

   • Investor DSCR Program: 12 months seasoning required.
   • DSCR Supreme: 6 months seasoning required.
   • Investor Mixed Use 2-8 Units: 24 months seasoning required.

9. Loan Stream:

   • 6 months seasoning required.

10. American Heritage Lending:

    • 6 months seasoning required.

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If you need more details about a specific lender or program, let me know!

For a cash-out DSCR loan in California with 80% LTV and a loan amount of $500,000, the property must generally be owned for at least 6 months to use the new appraised value.

Key Details by Lender:

Lender	Seasoning Period	Additional Notes
FundLoans	12 months	If owned less than 12 months, the value is limited to the lesser of the appraised value or purchase price plus improvements.
A&D Mortgage	6 months	Properties owned less than 6 months may face restrictions.
Angel Oak	6 months	Appraised value can be used after 6 months of ownership.
Arc Home	6 months	Properties off the market for less than 6 months may face a 5% LTV reduction.
Champions Funding	12 months	Ownership of less than 12 months requires documented improvements to justify value increases.
Change Wholesale	12 months	For less than 12 months, the value is limited to the lesser of appraised value or purchase price plus improvements.
Deephaven	6 months	Appraised value can be used after 6 months of ownership.
NQM Funding	6 months	Ownership seasoning is calculated from note date to note date.
Loan Stream	6 months	Appraised value can be used after 6 months of ownership.
American Heritage Lending	6 months	Properties owned less than 6 months are not eligible for cash-out refinancing.

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If you need more details about a specific lender or program, let me know!

For a cash-out DSCR loan in California with 80% LTV, $500,000 loan amount, and a credit score of 580, a 6-month seasoning period is generally required to use the new appraised value.

Lender-Specific Details:

Lender	Seasoning Period	Additional Notes
Arc Home	6 months	Ownership of at least 6 months is required to use the new appraised value. Exceptions may apply for inherited properties or other specific scenarios.
NQM Funding	6 months	Applies across all DSCR programs, including Flex Select and DSCR Supreme.
Loan Stream	6 months	Applies to all DSCR programs, including Core NonQM, Select NonQM, and Sub1 DSCR.

If you need further details about any specific program or additional requirements, let me know!