No Seasoning Requirement After Inherited or Court-Awarded Property Transfers

We work with many homeowners and real estate investors who acquire properties through inheritance, divorce settlements, legal separations, or dissolution of domestic partnerships. One important guideline many borrowers and even some mortgage professionals overlook is this:

There Is No Seasoning Requirement on Legally Awarded Properties

When a borrower legally receives ownership of a property through Inheritance, Divorce, Legal separation, Dissolution of a domestic partnership, or court-ordered property transfer, there is generally no waiting period or seasoning requirement before refinancing the property.

Eligible for Both Rate & Term and Cash-Out Refinances

Many borrowers assume they must wait six months or longer after receiving title to a property before refinancing. However, when ownership is obtained through a legal award or court settlement, standard seasoning requirements are often waived. That means eligible borrowers may be able to access equity sooner than expected without waiting through traditional ownership seasoning timelines.

• Rate & Term Refinances
• Cash-Out Refinances

Applies to Multiple Occupancy Types

Another important advantage is that this flexibility is not limited only to primary residences. Eligible property types may include the following occupancies. This is especially valuable for heirs inheriting rental properties or individuals awarded investment real estate through divorce or legal settlements.

• Primary residences
• Second homes
• Investment properties

While seasoning may be waived, we will still require proper documentation supporting the transfer of ownership. Proper paper trails are essential to ensure the transaction qualifies under the applicable refinance guidelines.

• Divorce decrees
• Separation agreements
• Probate documentation
• Court orders
• Recorded deeds
• Inheritance documentation

If you recently acquired a property through inheritance, divorce, or another legal proceeding, contact us to discuss your refinance opportunities and available loan solutions.