Are you talking about BUYING or REFINANCING?
If you are BUYING I think you have gotten some excellent advice (thumbs up for all of those).
If you are talking about REFINANCING and taking cash out - you can now do so within 6 months if the situation meets the below requirements:
1. The new loan amount must not be more than the borrower's initial investment
2. Purchase transaction must have been an arms length transaction
3. The purchase transaction has to be documented by a certified HUD-1 showing no mortgage financing was used to purchase the home
4. The source of the funds for the purchase need to be documented
My blog post called "Cash Out Within 6 Months of Purchase" in the web reference has the full details.
Shane Milne | Loan Officer in Orange County, CA | NMLS #81195
Direct local #'s: 949-273-4161 or 646-257-4842
Lending in all 50 states, all types of mortgages