If I pay cash for a house as part of the offer package, can I refinance/cash out? If so, is there a waiting period?

Not really. However you will not be able to use a different value than the sales price for approximately 12 months. If you would like to discuss further, give me a call. Nathan Kessler VP of Mortgage Lending NMLS #377217 702-683-3126. I look forward to hearing from you.

P.S.....Not really a awaiting period....:)

Yes, Fannie Mae has a "delayed financing" option, and if it is your primary residence; you can get back 80% of the purchase price. If I can help, please contact me.Thank you

More info needed, since your question is confusing.. but the short answer is yes.. Example: You find the perfect home, but there's a bidding war, so your offer is "All Cash".. and you get the home.. you can then apply for "Delayed Financing" Which gives you 6 months to refinance and pull cash out.. you are maxed out at 80% of the homes value, so you might not be able to pull all your cash out, but you can get most of it.. Also, the program goes by the LESSER of the original purchase price or the CURRENT appraised value to determine your Loan to Value. 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