Yes, but “Immediate” Can Mean Different Things
A refinance can sometimes begin immediately after purchase, but the amount you can borrow depends on the program and the value basis it is allowed to use. The two most important immediate-refinance scenarios are delayed financing after an all-cash purchase and a completed-renovation Program 3 refinance.
Scenario 1: Delayed Financing After an All-Cash Purchase
Program 1 delayed financing can begin essentially immediately after an all-cash purchase. It can return up to 80% of the original purchase price and must close within 180 days. This is not the same as taking 80% of a newly appreciated or renovated value immediately after purchase.
Delayed financing example
$200,000 all-cash purchase × 80% = up to $160,000 before other program constraints and closing costs.
Scenario 2: Completed Rehab Through Program 3
Program 3 is the completed-renovation exception. Once the rehab is complete, it can use the new ARV immediately with no added ownership-seasoning period. Program 3 requires at least 660 FICO, a $75,000 minimum loan, and a $100,000 minimum property value. It does not require an executed lease.
What if You Bought Recently but the Rehab Is Not a Program 3 Scenario?
A refinance may still be possible before 91 days, but a program that requires seasoning to use a new/current ARV can size leverage from the original purchase or original value basis instead. Program 1 generally requires at least 91 days before using the new/current ARV for cash-out.
Immediate Eligibility Does Not Mean Same-Day Funding
Being eligible to start immediately does not remove appraisal, title, underwriting, and closing work. A typical Get Brick Capital closing is about 28 days with complete documentation, with approximately 21 days possible on qualifying files but not guaranteed.
See Which Immediate Refinance Path Fits
Send the purchase date, purchase price, current value, renovation status, rent, payoff, and FICO range.
Get a Quote →The Bottom Line
Yes, you can sometimes start a DSCR refinance immediately after purchase. The important question is whether the loan is being sized from the purchase price/original basis or a new ARV. For an all-cash purchase, see the delayed financing program. For a completed rehab, see the post-rehab cash-out guide.