loan to value

[Steve Doyle]

I am a little confused about LTV ratios. From what I know a LTV is simply the mortgage amount divided by the appraised value.

If I am looking to mortgage a property that appraises at 100k and I had an accepted offer for 80k my LTV would be 80%. Does that mean that a bank would be willing to make a loan on that property assuming that an 80% LTV is an acceptable risk for that lender? Would they then still likely require a down payment?

Basically what I am asking is if a good LTV can be enough to get financing with no d.p.

Thanks!