The document discusses a delayed refinancing product that allows home buyers who purchase a property with cash to later obtain cash from refinancing, without the refinance being treated as a cash-out transaction. To be eligible, the cash must have been used to buy the home within the last six months, the original cash funds must be documented as coming from the buyer's personal funds, and the new loan will be treated as a rate/term refinance.

1. In today’s competitive housing market, more buyers are using ‘all cash’ to purchase a home.
Our delayed refinancing product allows buyers who pay cash for a home to obtain cash out using
a refinance – and the cash out and refinance will not be priced or treated as such.
All borrowers who purchase a property for cash are eligible for a cash-out refinance as long as the
following requirements are met:
• Cash was used to pay for the property within the last six months.
• The original sources of the funds used to purchase the home are fully documented and sourced.
They are the borrower’s own personal funds and not gifted, borrowed or business funds.
• The new loan is treated as a rate/term refinance.
Please contact me for more information.
Learn about our delayed purchase refinance
All rates and programs subject to change without notice. Not a commitment to lend. Sierra Pacific Mortgage, Inc.
Buy With Cash Today,
Get a Loan Tomorrow
Jenny Montoya NMLS# 1248181
Sierra Pacific Mortgage Loan Officer
3 Corporate Park #210 Irvine, CA 92606
Email: jenny.montoya@spmc.com Office:
949-870-4008 Cell: 714-468-7549
LENDER
EQUALHOUSING
© 2016 Sierra Pacific Mortgage Company, Inc. NMLS ID #1788 (www.nmlsconsumeraccess.org). CA DBO/RMLA 417-0015 (01/16)