If I buy a home with a loan from a friend, how long do I have to wait before I can refinance?I can't close the loan with a regular lender within time period of the purchase agreement. A friend will give me money (80% purchase price) to pay the seller with a lien on the property. I'm putting 20% cash down myself. I was told by the lender that I was working with, that I have to wait 6 months before I can start refinancing through a regular mortgage co. Is this true?October 04 2012 - Bellevue00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.