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Updated September 2026
DSCR guide
You paid cash. The refinance still has a waiting period.
A cash purchase refinance, sometimes called delayed financing, pays you back for a rental you already bought. DSCR can do it when the rent qualifies and the seasoning fits the screen. Paying cash does not skip the appraisal, the credit review, or the rent rules. Some screens want months of ownership before cash-out. A same-week refinance is not the default. Bring the closing statement from the cash purchase so we can see what you actually paid.
Sending a file is not an approval and not a credit pull. We text the same business day. We do not call. If we can structure it, we name the door. If we cannot, we say so.
The screen
| Cash buy | What we need |
|---|---|
| Proof | The cash closing statement |
| Seasoning | Whatever that screen requires. Ask before you count the money |
| Rent | Same qualifying-rent rules as any refinance |
| Leverage | Cash-out screens, often 70–75% |
What we fund
- Investors who bought cash to win the bid
- A payoff of the savings account, not a new purchase
- LLC owners who closed cash in the entity
What we still need. Short list.
- Credit is still reviewed. A lower score changes leverage, it does not skip the file.
- Reserves and down payment, sourced, when that screen asks for them.
- Appraisal plus a lease, market rent, or a short-term rent schedule.
- Entity documents if you close in an LLC.
Questions
Can I refinance the week I close?
Sometimes on a delayed-financing screen. Often no. Do not spend the cash-out before we confirm seasoning.
Do you refinance what I paid, or today's value?
The guideline decides. Appraised value and the cash-out cap both matter. The higher number is not automatic.
What if I used a private loan, not cash?
That is a bridge or hard-money payoff. Use that guide. The paper is different.
Related
These are the guidelines we screen. They are not a promise that your file hits the maximum. Credit-event seasoning, occupancy, and property condition still have to be confirmed. Not a commitment to lend. We text. We do not call.