Fannie Mae Cash Out Loans for Cash Only Investors – Rule Change

Fannie Mae is now offering a refinance for cash buyers within 6 months of purchasing the property — called the Delayed Financing Exception.  Prior to now, you were required to wait 6 months before purchasing a new investment property, however, with this rule, you can refinance immediately after closing the cash deal assuming you meet a few criteria.  Take a look at the video above to review these criteria and to see the new rule in detail.  Remember that this works for cash buyers who are investors or for those who purchased a primary residence or vacation home with all cash.