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If you purchase a home and pay cash, can you at some later time take out a mortgage?

by griffenssteve749 from Bedford, Massachusetts. Jun 12th 2017 Reply


Steven Karp (stevek81)
#29 ranked lender in Massachusetts - 121 contributions

Hello, in a nutshell, yes you can...as long as you qualify of course....and any of us can help you with that...

Jun 12th 2017
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,924 contributions

Yes.. so long as you meet all eligibility requirements, then yes.. If you try to refinance inside of 6 months, then the lower of the purchase price or newly appraised value will be used for Loan to Value maximums. after the first 6 months, we only use the newly appraised value. For cash out transactions, you are capped at 80% for conventional, 85% FHA, and 100% VA (must have VA benefits available to you.) I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Jun 13th 2017
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Yes we can do delayed financing.

Jun 15th 2017
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