Tap Into Your Equity Sooner—No Six-Month Wait Required

At North Star Mortgage Network, we understand that buying a home with cash is a strategic move—but it can also leave your liquid funds tied up. Whether you’re purchasing a primary residence, vacation home, or investment property, our Non-QM Delayed Financing program allows you to access your equity right away—no six-month wait required.

If you’ve recently bought a home using cash, this solution helps you refinance quickly and regain access to your investment capital. It’s an ideal path for buyers who want to move fast, fund improvements, or simply have more flexibility with their finances.

What Is Non-QM Delayed Financing?

Non-QM, or non-qualified mortgage, programs are designed for borrowers who don’t fit the standard lending mold. These programs offer more flexible underwriting and are perfect for self-employed individuals, real estate investors, and others with unique financial situations.

Non-QM Delayed Financing allows you to refinance a property purchased with cash—without waiting the typical six months. This means you can take cash out immediately after closing.

Non-QM Delayed Financing Program Highlights

• No seasoning requirement – You can refinance immediately after your cash purchase.
• Arm’s-length transaction – The seller must not be a relative or business associate.
• Verified cash purchase – The closing statement must show no mortgage was used.
• Documented source of funds – All money used to purchase the property must be traceable (gift funds not allowed).
• Loan amount limits – You can finance up to the amount you originally invested, including closing costs, prepaids, and points on the new loan.
• Loan-to-Value (LTV) is based on the lesser of:
  • The original purchase price plus documented improvements, or
  • The current appraised value
• Standard cash-out refinance guidelines apply – With added flexibility through Non-QM underwriting

Why Use a Non-QM Mortgage Option?

Our Non-QM solution works well for homebuyers and homeowners who:

• Paid cash for their home and want to pull money back out
• Need funds quickly for renovations or debt repayment
• Have non-traditional income or complex financials
• Want to leverage the current appraised value of their property without delay

This program helps you avoid tying up large amounts of cash while still benefiting from a fast home purchase. It’s a smart way to stay liquid and make your money work harder for you.

Why Choose North Star Mortgage Network?

For over 25 years, Nathan Young and the team at North Star Mortgage Network have helped homebuyers find practical, transparent mortgage solutions. We offer personalized service, deep experience with Non-QM programs, and a genuine commitment to doing what’s best for our clients.

We believe that buying a home—whether with cash or financing—should be followed by the opportunity to optimize your investment. That’s exactly what this program provides.