How soon can I refinance after buying a home?
How soon you can refinance after buying depends on the type. For a rate-and-term refinance you can often refinance right away, though many lenders prefer a six-month seasoning period. FHA and VA streamlines require about 210 days plus six on-time payments.
Cash-out refinances on a primary residence usually require six to twelve months of ownership. If rates have dropped since you bought, we'll confirm your seasoning and whether refinancing now actually saves money after costs.
Seasoning rules
It depends on the loan. A rate-and-term refinance can often happen right away, though many lenders want six months of payments first. A cash-out refinance usually requires six to twelve months of ownership.
Streamline refinances, like FHA or VA, typically require about six months of on-time payments before you qualify.
When it makes sense
Refinancing soon only pays off if rates have dropped enough to cover the closing costs within a reasonable time. Otherwise it is worth waiting.
We run the break-even math before you refinance. Apply now and we will tell you if refinancing already makes sense.
Verify the details for your own situation against these government and agency sources: CFPB guide to refinancing and CFPB Owning a Home guide.