No-seasoning DSCR loans. Cash out at today’s appraised value — not what you paid.
Most DSCR lenders make you wait six to twelve months before a cash-out refinance will count anything but your purchase price. Ours has no title seasoning on loans of $100,000 or more — refinance right after a purchase or rehab, qualified on the property’s current appraised value. (Under $100,000, a 6-month title seasoning requirement applies.)
Written by the Cap Rate Funding team, Irvine, CA · Last reviewed: August 27, 2026 · Questions? Call/text 949-738-9770
The problem: most lenders make you wait
Buy a rental property, put work into it, and it’s worth more than you paid — but most DSCR lenders won’t let you refinance against that new value for six months, sometimes twelve. Until the clock runs out, they size any cash-out refinance off your purchase price, not what the property actually appraises for today. For an investor running the BRRRR strategy — buy, rehab, rent, refinance, repeat — that wait is the whole bottleneck: your capital stays locked in the deal you just finished instead of funding the next one.
Our DSCR cash-out refinance doesn’t have that waiting period.
Title seasoning vs. value seasoning — the difference that matters
- Title seasoning
- How long you must already own the property before a lender will allow a cash-out refinance at all. Some lenders won’t even quote a deal inside their seasoning window.
- Value seasoning
- Separately, how long before the lender will use the property’s current appraised value instead of your purchase price. This is the rule that actually decides whether a BRRRR-style refinance captures the value you added, or just gives you back your original purchase price.
Our DSCR cash-out refinance carries neither requirement on loans of $100,000 or more: no title seasoning, and the new appraisal counts immediately. DSCR loans under $100,000 carry a 6-month title seasoning requirement instead — see the numbers below.
Our no-seasoning DSCR cash-out refinance, in plain numbers
No hedging, no “program-dependent” — here’s exactly how it works:
| Term | No-seasoning DSCR cash-out |
|---|---|
| Minimum loan amount for no-seasoning | $100,000 |
| Title seasoning required, $100K+ | None |
| Title seasoning required, under $100K | 6 months |
| Valuation used ($100K+ loans) | Current appraised value, not purchase price |
| Max LTV, cash-out | 75% |
| Max LTV, rate-and-term | 80% |
| After 12 months on title | Long-term rental cash-outs unlock 80% LTV |
| Hard credit pull to see options | Not required |
| Property types | 1–4 unit investment properties |
| Where offered | 47 states — everywhere except SD, ND & VT |
Worked example
An investor buys a rental for $250,000 and puts $30,000 into a rehab. Thirty days after closing, the property appraises for $310,000. Because there’s no title or value seasoning on our DSCR cash-out refinance, the loan is sized off the $310,000 appraised value at closing — not the $250,000 purchase price — up to 75% LTV. No waiting for a seasoning clock to run out; the refinance happens as soon as the appraisal does. (This deal is well above the $100,000 no-seasoning minimum — a smaller rental would fall under the 6-month title-seasoning rule instead.)
How seasoning compares across our own programs
“No seasoning” isn’t true across every product we offer — here’s the honest breakdown so you know exactly which rule applies to your scenario:
| Program | Seasoning before cash-out / refinance |
|---|---|
| DSCR cash-out refinance, $100K+ | None — appraised value counts immediately |
| DSCR cash-out refinance, under $100K | 6 months (small-balance program) |
| DSCR rate-and-term refinance | None to start; 12 months unlocks 80% LTV on long-term rentals |
| HELOC | 3 months (12-day minimum in Texas by state law) |
| Land-contract refinance | 6 months |
Who this is for
Investors running the BRRRR strategy who need their capital back out fast. Portfolio builders scaling past conventional limits, where every month of capital sitting in one deal is a month it isn’t funding the next one. Anyone who bought under market value and doesn’t want a refinance that ignores it. All qualify on the property’s rental income — no tax returns, no personal income or employment verification — and can vest in a personal name or an LLC, with no cap on the number of financed properties.
Where Cap Rate Funding fits
We’re a DSCR broker based in Irvine, California (Orange County), pricing scenarios across a network of 100+ wholesale lenders rather than a single rulebook — so if your deal needs a seasoning exception one lender won’t give, we can usually find one that will. The no-seasoning terms above apply to DSCR cash-out refinances of $100,000 or more; smaller DSCR loans carry a 6-month title seasoning requirement. Full DSCR program details, and a calculator that shows your ratio and cash flow in 60 seconds, live on the DSCR loan page. For the cash-out mechanics specifically, see our cash-out refinance page, and for how to compare us against any other DSCR lender, see how to choose a DSCR lender and the lending glossary.
Common questions
What lenders have no title seasoning on a DSCR loan?
Cap Rate Funding’s DSCR cash-out refinance carries no title seasoning on loans of $100,000 or more — you can refinance right after a purchase or rehab instead of waiting out a seasoning clock. DSCR loans under $100,000 carry a 6-month title seasoning requirement instead. Most other DSCR lenders require six to twelve months of ownership regardless of loan size. We price this across a network of 100+ wholesale lenders, so if a program requires seasoning for your scenario, we’ll tell you and shop for one that doesn’t.
Do you use appraised value or purchase price on a DSCR cash-out refinance?
The property’s current appraised value, not what you paid for it — on loans of $100,000 or more. If you bought under market or just finished a rehab, the refinance is sized on what the property is worth today. DSCR loans under $100,000 carry a 6-month title seasoning requirement instead. No-seasoning caps: 75% LTV on cash-out, 80% LTV on rate-and-term; a year on title unlocks 80% on long-term rental cash-outs.
What’s the difference between title seasoning and value seasoning?
Title seasoning is how long you must own the property before a lender allows any cash-out refinance at all. Value seasoning is how long before the lender will use the property’s current appraised value instead of your purchase price. Our DSCR cash-out refinance has neither requirement on loans of $100,000 or more — no title seasoning, and the appraisal counts immediately. Below $100,000, a 6-month title seasoning requirement applies.
How soon after buying a rental can I do a cash-out refinance?
Immediately — there’s no minimum ownership period on our DSCR-based cash-out refinance of $100,000 or more. Investors running the BRRRR strategy commonly refinance within 30 to 60 days of closing, as soon as the rehab is complete and a new appraisal reflects the higher value. Below $100,000, a 6-month title seasoning requirement applies instead.
Is there a catch to a no-seasoning DSCR refinance?
There are two: leverage and loan size. Skipping seasoning caps the refinance at 75% LTV for cash-out and 80% for rate-and-term (wait a year and long-term rental cash-outs can go to 80% LTV instead). And it only applies to loans of $100,000 or more — DSCR loans under $100,000 carry a 6-month title seasoning requirement regardless of LTV. Neither trade-off is hidden — you choose the timeline, LTV, and loan size that fit your deal.
Does a no-seasoning refinance require a hard credit pull?
No. Seeing your options and getting priced involves no hard credit pull. A hard inquiry only happens later, with your permission, if you move forward with an application.
Which properties and states qualify for a no-seasoning DSCR refinance?
1–4 unit investment properties, vested in your personal name or an LLC, in 47 states — everywhere except South Dakota, North Dakota, and Vermont. Loan amounts run from $75,000 to $3,000,000, though the no-seasoning benefit itself only applies at $100,000 and up.
What is the minimum loan amount for a no-seasoning DSCR refinance?
$100,000. DSCR loans of $100,000 or more qualify for our no-seasoning cash-out refinance — no title seasoning, appraised value not purchase price. DSCR loans under $100,000 still qualify for financing, but carry a 6-month title seasoning requirement on cash-out instead.