diff --git a/src/pages/iou/request/MoneyTemporaryForRefactorRequestParticipantsSelector.js b/src/pages/iou/request/MoneyTemporaryForRefactorRequestParticipantsSelector.js
index 68e9f68a2bc5..7ce3854d4e3c 100644
--- a/src/pages/iou/request/MoneyTemporaryForRefactorRequestParticipantsSelector.js
+++ b/src/pages/iou/request/MoneyTemporaryForRefactorRequestParticipantsSelector.js
@@ -1,7 +1,7 @@
 import lodashGet from 'lodash/get';
 import PropTypes from 'prop-types';
-import React, {useCallback, useMemo, useState} from 'react';
-import {View} from 'react-native';
+import React, {useCallback, useEffect, useMemo, useState} from 'react';
+import {InteractionManager, View} from 'react-native';
 import {withOnyx} from 'react-native-onyx';
 import _ from 'underscore';
 import Button from '@components/Button';
@@ -10,12 +10,14 @@ import {usePersonalDetails} from '@components/OnyxProvider';
 import {PressableWithFeedback} from '@components/Pressable';
 import SelectCircle from '@components/SelectCircle';
 import SelectionList from '@components/SelectionList';
+import useDebouncedState from '@hooks/useDebouncedState';
 import useLocalize from '@hooks/useLocalize';
 import useNetwork from '@hooks/useNetwork';
 import useThemeStyles from '@hooks/useThemeStyles';
 import * as Report from '@libs/actions/Report';
 import * as DeviceCapabilities from '@libs/DeviceCapabilities';
 import * as OptionsListUtils from '@libs/OptionsListUtils';
+import * as ReportUtils from '@libs/ReportUtils';
 import MoneyRequestReferralProgramCTA from '@pages/iou/MoneyRequestReferralProgramCTA';
 import reportPropTypes from '@pages/reportPropTypes';
 import CONST from '@src/CONST';
@@ -79,7 +81,8 @@ function MoneyTemporaryForRefactorRequestParticipantsSelector({
 }) {
     const {translate} = useLocalize();
     const styles = useThemeStyles();
-    const [searchTerm, setSearchTerm] = useState('');
+    const [searchTerm, debouncedSearchTerm, setSearchTerm] = useDebouncedState('');
+    const [didScreenTransitionEnd, setDidScreenTransitionEnd] = useState(false);
     const {isOffline} = useNetwork();
     const personalDetails = usePersonalDetails();
 
@@ -87,6 +90,16 @@ function MoneyTemporaryForRefactorRequestParticipantsSelector({
 
     const maxParticipantsReached = participants.length === CONST.REPORT.MAXIMUM_PARTICIPANTS;
 
+    const isOptionsDataReady = useMemo(() => ReportUtils.isReportDataReady() && OptionsListUtils.isPersonalDetailsReady(personalDetails), [personalDetails]);
+
+    useEffect(() => {
+        const interactionTask = InteractionManager.runAfterInteractions(() => {
+            setDidScreenTransitionEnd(true);
+        });
+
+        return interactionTask.cancel;
+    }, []);
+
     /**
      * Returns the sections needed for the OptionsSelector
      *
@@ -238,13 +251,12 @@ function MoneyTemporaryForRefactorRequestParticipantsSelector({
         [maxParticipantsReached, newChatOptions.personalDetails.length, newChatOptions.recentReports.length, newChatOptions.userToInvite, participants, searchTerm],
     );
 
-    // When search term updates we will fetch any reports
-    const setSearchTermAndSearchInServer = useCallback((text = '') => {
-        if (text.length) {
-            Report.searchInServer(text);
+    useEffect(() => {
+        if (!debouncedSearchTerm.length) {
+            return;
         }
-        setSearchTerm(text);
-    }, []);
+        Report.searchInServer(debouncedSearchTerm);
+    }, [debouncedSearchTerm]);
 
     // Right now you can't split a request with a workspace and other additional participants
     // This is getting properly fixed in https://github.com/Expensify/App/issues/27508, but as a stop-gap to prevent
@@ -326,16 +338,16 @@ function MoneyTemporaryForRefactorRequestParticipantsSelector({
         <View style={[styles.flex1, styles.w100, participants.length > 0 ? safeAreaPaddingBottomStyle : {}]}>
             <SelectionList
                 onConfirm={handleConfirmSelection}
-                sections={sections}
+                sections={didScreenTransitionEnd && isOptionsDataReady ? sections : CONST.EMPTY_ARRAY}
                 textInputValue={searchTerm}
                 textInputLabel={translate('optionsSelector.nameEmailOrPhoneNumber')}
                 textInputHint={offlineMessage}
-                onChangeText={setSearchTermAndSearchInServer}
+                onChangeText={setSearchTerm}
                 shouldPreventDefaultFocusOnSelectRow={!DeviceCapabilities.canUseTouchScreen()}
                 onSelectRow={addSingleParticipant}
                 footerContent={footerContent}
                 headerMessage={headerMessage}
-                showLoadingPlaceholder={isSearchingForReports}
+                showLoadingPlaceholder={isSearchingForReports || !didScreenTransitionEnd}
                 rightHandSideComponent={itemRightSideComponent}
             />
         </View>
diff --git a/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsSelector.js b/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsSelector.js
index 9edede770233..49a28dff1a7f 100755
--- a/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsSelector.js
+++ b/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsSelector.js
@@ -1,7 +1,7 @@
 import lodashGet from 'lodash/get';
 import PropTypes from 'prop-types';
-import React, {useCallback, useMemo, useState} from 'react';
-import {View} from 'react-native';
+import React, {useCallback, useEffect, useMemo, useState} from 'react';
+import {InteractionManager, View} from 'react-native';
 import {withOnyx} from 'react-native-onyx';
 import _ from 'underscore';
 import Button from '@components/Button';
@@ -10,12 +10,14 @@ import {usePersonalDetails} from '@components/OnyxProvider';
 import {PressableWithFeedback} from '@components/Pressable';
 import SelectCircle from '@components/SelectCircle';
 import SelectionList from '@components/SelectionList';
+import useDebouncedState from '@hooks/useDebouncedState';
 import useLocalize from '@hooks/useLocalize';
 import useNetwork from '@hooks/useNetwork';
 import useThemeStyles from '@hooks/useThemeStyles';
 import * as Report from '@libs/actions/Report';
 import * as DeviceCapabilities from '@libs/DeviceCapabilities';
 import * as OptionsListUtils from '@libs/OptionsListUtils';
+import * as ReportUtils from '@libs/ReportUtils';
 import MoneyRequestReferralProgramCTA from '@pages/iou/MoneyRequestReferralProgramCTA';
 import reportPropTypes from '@pages/reportPropTypes';
 import CONST from '@src/CONST';
@@ -84,12 +86,30 @@ function MoneyRequestParticipantsSelector({
 }) {
     const {translate} = useLocalize();
     const styles = useThemeStyles();
-    const [searchTerm, setSearchTerm] = useState('');
+    const [searchTerm, debouncedSearchTerm, setSearchTerm] = useDebouncedState('');
+    const [didScreenTransitionEnd, setDidScreenTransitionEnd] = useState(false);
     const {isOffline} = useNetwork();
     const personalDetails = usePersonalDetails();
 
     const offlineMessage = isOffline ? `${translate('common.youAppearToBeOffline')} ${translate('search.resultsAreLimited')}` : '';
 
+    const isOptionsDataReady = useMemo(() => ReportUtils.isReportDataReady() && OptionsListUtils.isPersonalDetailsReady(personalDetails), [personalDetails]);
+
+    useEffect(() => {
+        const interactionTask = InteractionManager.runAfterInteractions(() => {
+            setDidScreenTransitionEnd(true);
+        });
+
+        return interactionTask.cancel;
+    }, []);
+
+    useEffect(() => {
+        if (!debouncedSearchTerm.length) {
+            return;
+        }
+        Report.searchInServer(debouncedSearchTerm);
+    }, [debouncedSearchTerm]);
+
     const newChatOptions = useMemo(() => {
         const chatOptions = OptionsListUtils.getFilteredOptions(
             reports,
@@ -258,12 +278,6 @@ function MoneyRequestParticipantsSelector({
         [maxParticipantsReached, newChatOptions.personalDetails.length, newChatOptions.recentReports.length, newChatOptions.userToInvite, participants, searchTerm],
     );
 
-    // When search term updates we will fetch any reports
-    const setSearchTermAndSearchInServer = useCallback((text = '') => {
-        Report.searchInServer(text);
-        setSearchTerm(text);
-    }, []);
-
     // Right now you can't split a request with a workspace and other additional participants
     // This is getting properly fixed in https://github.com/Expensify/App/issues/27508, but as a stop-gap to prevent
     // the app from crashing on native when you try to do this, we'll going to show error message if you have a workspace and other participants
@@ -345,16 +359,16 @@ function MoneyRequestParticipantsSelector({
         <View style={[styles.flex1, styles.w100, participants.length > 0 ? safeAreaPaddingBottomStyle : {}]}>
             <SelectionList
                 onConfirm={handleConfirmSelection}
-                sections={sections}
+                sections={didScreenTransitionEnd && isOptionsDataReady ? sections : CONST.EMPTY_ARRAY}
                 textInputValue={searchTerm}
                 textInputLabel={translate('optionsSelector.nameEmailOrPhoneNumber')}
                 textInputHint={offlineMessage}
-                onChangeText={setSearchTermAndSearchInServer}
+                onChangeText={setSearchTerm}
                 shouldPreventDefaultFocusOnSelectRow={!DeviceCapabilities.canUseTouchScreen()}
                 onSelectRow={addSingleParticipant}
                 footerContent={footerContent}
                 headerMessage={headerMessage}
-                showLoadingPlaceholder={isSearchingForReports}
+                showLoadingPlaceholder={isSearchingForReports || !didScreenTransitionEnd}
                 rightHandSideComponent={itemRightSideComponent}
             />
         </View>