2.6 MM Refi

I’m looking to buy a house recently appraised at 4.6MM for 2.6MM via “subject to” I want to then refi to cash out and pay off the sellers loan. Is it possible to refi that loan if my credit score isn’t very high or I wont be able to show a lot of income? Also is there a time frame I have to wait before I can refi or can I do it once I close on the “sub to” purchase. I would use the cash out for reserves to cover the payments on the home.

Let me know

Thanks

To answer your question… No there is no one out there that is going to do this loan for you. 70% is going to be your max LTV and you are going to need at least a 720 FICO with six mnths reserves.