Conventional Investment loan with 15% down?

[Denise Carringer]

Hello! I just listened to the latest episode of the BiggerPockets OG podcast where the guest was referencing conventional investment loans with a 15% LTV. Does anyone know where such a lender might be? Looking for long-term conventional refinance (potentially cash-out) for a SFH. DTI and Credit scores are excellent and the property has been owned for more than one year.

I realize that there is a "Find a Lender" function on this website, but I really don't want to be spammed with marketing emails. (If that's not how the Find a Lender functions works then I'm totally open to it.) Would prefer to hear from someone who just used a lender and had a good experience. Located in Tennessee but property is in AL. Thanks!

[Denise Carringer]

Thanks so much for the responses! Yes, I did mean 85% LTV, sorry about that. Our typical strategy is to purchase and renovate a property with cash (or Lines of Credit), stabilize it with good renters, then eventually refinance on a 30 year conventional for a more secure, long term investment hold. We have high personal income with no consumer debt, so conventional loans are typically more favorable and DTI hasn't been an issue. We don't want or need to grow larger than 10 investment properties since this is really just a side hobby and retirement security. I have a great lender locally that is a pleasure to work with, but ran into a situation recently that involved an unfavorable appraisal. We ended up having to leave more cash in the property than I wanted to. I heard the Bigger Pockets episode around the same time and thought it couldn't hurt to have a lender in my back pocket that could offer that option should the situation arise again.

I really do appreciate the replies and will reach out when the time comes to those who messaged me. Thanks!