Buying a home with cash and subsequently refinancing—a strategy often called —allows you to act with the speed of a cash buyer while ultimately maintaining the liquidity of a financed one. This approach is particularly effective in competitive markets where sellers favor the certainty of all-cash offers. The Core Strategy: Delayed Financing

6-Month Waiting Period After Home Purchase You become eligible for a cash-out refinance 6 months after closing your original loan. Texas United Mortgage

Traditionally, a "cash-out refinance" requires you to own a home for at least six months before you can pull cash back out. However, the from Fannie Mae and Freddie Mac allows eligible buyers to apply for a mortgage immediately after an all-cash purchase. Benefits of This Approach Cash Out Refinance Waiting Period in Texas in 2025