No Seasoning DSCR Refinance | Cash Out of Hard Money & Bridge Loans | Jhenesis Mortgage

No Seasoning DSCR Refinance | Cash Out of Hard Money & Bridge Loans | Jhenesis Mortgage
Investor Financing Specialist

Trapped in a Hard Money Loan?
There’s a Faster Exit Than You Think.

Hard money rates eating your cash flow. Bridge loan coming due. No seasoning, no problem — DSCR refinancing lets you move fast, keep the equity, and get permanent financing based on what your property actually earns.

  • No Seasoning / No Title Seasoning
  • Cash-Out to 620 FICO
  • STR Income Accepted
  • DSCR Seconds Up to 80% CLTV
  • AirDNA on Purchases
  • 100% Investor Concentration
Submit My Scenario →

Get a Fast Review

No commitment. We’ll tell you if we can make it work.

This is not an offer or commitment to lend. Information is for discussion purposes only.

✅

Got It!

We’ll review your scenario and reach out within 1 business day.

The Real Problem

Hard Money Rates Were Always the Bridge, Not the Destination

You bought smart. You renovated. Maybe you’re already renting it out. But that hard money or bridge loan at 10–13% is bleeding your cash flow while you wait for seasoning requirements that may not even apply to the right lender.

🏚️ The Trap Investors Fall Into

Many conventional lenders require 6–12 months of title ownership before they’ll do a cash-out refinance. If your property isn’t seasoned, you’re stuck — paying high rates, watching carry costs pile up, or walking away from equity you’ve already created.

But that’s conventional lending. DSCR is different.

  • No personal income verification
  • No seasoning on cash-out — refinance the day after closing if needed
  • No title seasoning required
  • Qualifies on the property’s income, not yours

📈 What DSCR Refinancing Does For You

DSCR (Debt Service Coverage Ratio) loans evaluate your loan based on whether the rental income covers the mortgage — typically a 1.00x ratio or better. That means:

  • Exit your hard money loan immediately — no waiting
  • Pull out equity you’ve built through renovation or appreciation
  • Stabilize your cash flow with a permanent rate
  • Keep your personal tax returns out of the equation
  • STR and Airbnb income? Counted. AirDNA data accepted on purchases.
Program Details

Two Powerful Tools. One Flexible Strategy.

Whether you need a first-lien cash-out refi or want to tap equity through a second mortgage without touching your existing loan, we have a DSCR structure for it.

1st Lien

DSCR Refinance & Purchase

Max LTV (Purchase)85% LTV
Cash-Out SeasoningNone Required
Title SeasoningNone Required
Minimum FICO (Cash-Out)620
Minimum DSCRVaries by program
STR / Airbnb IncomeAccepted
AirDNA on PurchaseYes ✓
Investor Concentration100% (no limit)
Yield Spread Premium2 YSP
2nd Lien — NEW

DSCR Second Mortgage

Max CLTV80% CLTV
Minimum DSCR1.00x
STR IncomeAccepted ✓
Appraisal (AVM)AVM on values > $400,000
Reserve RequirementsNone
Loan Amounts$75,000 – $750,000
Use CaseTap equity without refinancing 1st lien
Ideal ForRate-locked investors, portfolio pulls
Is This Right For You?

If Any of These Sound Like You, Let’s Talk

🔨

The BRRRR Investor

You bought, renovated, and it’s rented. Now you need to pull your capital back out — no seasoning required to refinance with DSCR.

🌉

The Bridge Loan Borrower

Your bridge loan is maturing or the rate is crushing your returns. Move to a permanent DSCR loan without waiting for title seasoning.

🏖️

The STR / Airbnb Owner

Short-term rental income is real income. We count it — including AirDNA projections on new purchases.

📁

The Portfolio Builder

Need to tap equity across multiple properties without an equity event? The DSCR second lets you pull cash without disturbing your existing 1st lien rate.

🧾

The Self-Employed Investor

Your tax returns don’t show your real income. DSCR doesn’t ask — it only cares about what the property earns.

🌍

The Foreign National Investor

Building a U.S. real estate portfolio? DSCR is one of the most accessible investor loan programs — ask us about foreign national eligibility.

Exclusive Tool

DSCR Feasibility & Exit Strategy Calculator

Run your numbers before you call. This tool estimates your DSCR ratio, max loan eligibility, and projected cash flow after a refinance — so you come to the conversation prepared.

DSCR Ratio
—
—
Max Loan Amount
—
Based on LTV limit
Est. Cash-Out Available
—
—

This calculator provides estimates for educational and planning purposes only. Results do not constitute a loan offer, pre-approval, or commitment to lend. Actual loan terms, rates, and eligibility are subject to underwriting review, property appraisal, lender guidelines, and market conditions. Not all borrowers will qualify. This is not an offer for lending.

How It Works

From Hard Money to DSCR in as Few as 21 Days

We’ve helped investors close DSCR refinances in as little as three weeks. Here’s what the process looks like.

01

Submit Your Scenario

Share your property address, current balance, rent income, and goal. Takes 3 minutes.

02

Scenario Review

We review your numbers, confirm which DSCR program fits, and outline terms — same or next business day.

03

Application & Appraisal

We collect documentation, order the appraisal (or AVM where eligible), and submit to underwriting.

04

Clear to Close

You exit the hard money loan, lock in your permanent rate, and get back to building your portfolio.

Submit Your Deal

Let Us Review Your Scenario — No Cost, No Pressure

The fastest way to know if your deal works is to get it in front of someone who knows these programs inside and out. Fill this out and we’ll come back to you with options — not a sales pitch.

Your Scenario

All fields help us give you a faster, more accurate response.

By submitting, you agree to be contacted regarding your inquiry. This is not an offer or commitment to lend. All loan programs are subject to credit approval, property appraisal, and lender guidelines. Loan terms and availability may vary. Stacy Ann Stephens | NMLS #1933745 | Jhenesis Mortgage NMLS #2532705.

🎉

Scenario Received!

We’ll review your numbers and reach out within 1 business day with options. In the meantime, feel free to book a call if you’d rather talk through it now.

Common Questions

DSCR No-Seasoning Refinance — FAQs

Seasoning refers to how long you’ve owned a property or held title before a lender will allow a cash-out refinance. Most conventional lenders require 6 to 12 months of ownership before you can pull equity out. A no-seasoning DSCR refinance eliminates that waiting period — you can refinance and take cash out the day after acquisition if the property qualifies. This is especially valuable for investors using the BRRRR strategy or anyone exiting a hard money or bridge loan.
Yes. With our no seasoning DSCR program, there is no title seasoning requirement and no cash-out seasoning requirement. As long as the property qualifies — meaning rent covers the debt service at a sufficient DSCR ratio — we can refinance it regardless of how recently you acquired it. Many investors use this specifically as a planned exit from a hard money or bridge loan.
The minimum FICO score for a DSCR cash-out refinance is 620 under our current program. Higher credit scores typically unlock better rates and more favorable terms, but we are able to work with investors who have experienced credit challenges — particularly when the property itself has strong income.
A DSCR second mortgage is a second lien behind your existing first mortgage. Instead of refinancing your first loan — which would reset your rate — you add a second loan to access equity while keeping your original terms in place. This is ideal for investors who locked in a low rate and don’t want to lose it, but still need to access equity to fund another acquisition or project. Our DSCR second goes up to 80% CLTV (combined loan-to-value), with loan amounts from $75,000 to $750,000, a minimum 1.00x DSCR, no reserves required, and STR income accepted.
Yes. Our DSCR programs accept short-term rental (STR) income, including Airbnb and VRBO properties. For purchases, we accept AirDNA rental projections to establish qualifying income — so you don’t need an existing rental history to qualify. For refinances, a combination of actual rental history and AirDNA data can be used. This makes DSCR one of the few loan types truly designed for vacation rental investors.
DSCR stands for Debt Service Coverage Ratio. It measures whether a property’s income covers its loan payments. A ratio of 1.00 means the rent equals the monthly payment exactly. A ratio above 1.00 means positive cash flow. For our DSCR second mortgage, the minimum is 1.00x. For first-lien DSCR programs, the minimum ratio varies by program, LTV, and FICO score. Some programs also allow for below-1.00x DSCR with compensating factors — submit your scenario and we’ll tell you exactly where you stand.
No. DSCR loans are qualified entirely based on the property’s income versus its debt obligations. Your personal W-2s, tax returns, and employment history are not required for underwriting. This is why DSCR is a preferred tool for self-employed investors, business owners, and anyone whose personal income documentation doesn’t reflect their true financial picture.
For purchases using a DSCR first lien, the maximum LTV is 85%. This is higher than many competing DSCR programs and allows investors to put less capital into each deal, improving return on equity. For cash-out refinances, the maximum LTV is typically 75% — and with our no-seasoning program, you can access that equity immediately after closing with no waiting period.
Yes. Florida is one of the strongest STR markets in the country — Orlando, Miami, Tampa, Jacksonville, the Gulf Coast — and DSCR is an excellent fit for vacation rental financing here. We work with investors across Florida and can accept AirDNA income projections for new purchases, making DSCR a practical path even before you have 12 months of rental history on a new STR property.

Your Hard Money Clock Is Ticking.
Let’s Build the Exit.

I’ve spent 24 years helping investors find financing solutions that don’t fit the conventional box. If your property earns — we can likely make it work. Let’s talk.

Submit My Scenario Schedule a Call

Stacy Ann Stephens | NMLS #1933745 | Jhenesis Mortgage NMLS #2532705
(407) 630-9766 · stacyann@jhenesismortgage.com

This is not an offer or commitment to lend. All loan programs are subject to borrower qualification, credit approval, property appraisal, title review, and lender guidelines. Rates, terms, loan amounts, LTV limits, and program availability are subject to change without notice and may vary based on borrower profile, property type, and market conditions. Not all borrowers or properties will qualify. DSCR loan qualification is based on the property’s income and does not guarantee approval.

Stacy Ann Stephens | Mortgage Broker | NMLS #1933745 | Jhenesis Mortgage NMLS #2532705 | Licensed in FL · GA · MD · DC

© Jhenesis Mortgage. All rights reserved. Equal Housing Lender.