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Updated 6 months ago, 07/20/2024

User Stats

9
Posts
4
Votes
Rene Ochoa
4
Votes |
9
Posts

User Stats

207
Posts
157
Votes
Nate Herndon
Pro Member
  • Lender
  • Springfield, MO
157
Votes |
207
Posts
Nate Herndon
Pro Member
  • Lender
  • Springfield, MO
Replied

Hi Rene, the programs that I often utilize for clients are capping cash-out refinances at 75% LTV and rate/term refinances at 80% LTV. Some select states are eligible for 80% cash-out refinances

The important thing is your seasoning of the property. If you have performed rehab, my favorite programs offer both no seasoning and 90-day seasoning requirements to use the appraised value as the basis for your loan. If you have not performed rehab, you typically will need to have held the property for 6 months before borrowing based on the appraised value - otherwise, in those first 6 months you will be limited to 80% of your purchase price. 

  • Nate Herndon
  • nate@iploanexchange.com
  • 417-605-2196
  • User Stats

    1,525
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    519
    Votes
    Devin Peterson
    Lender
    • Lender
    519
    Votes |
    1,525
    Posts
    Devin Peterson
    Lender
    • Lender
    Replied
    Quote from @Rene Ochoa:

    Hi,does all investment property refinance lenders offer 75% LTV?

    thank you 


     Hi Rene,

    It is most common for DSCR lenders to max out cash out leverage at 75% these days with that being said, there are a select few who will go to 80 with very strict guidelines. However, more often than not the terms are not competitive or reasonable for the borrower. If you are seeking a reliable cash out lender , take a look at the find the lender tab on the top of the page. I recommend working with an experienced broker who can shop multiple investors for you. Good luck!

    business profile image
    Miller Mortgage
    5.0 stars
    83 Reviews
    Equity Trust logo
    Equity Trust
    |
    Sponsored
    Avoid taxes when you sell your next investment property Savvy real estate investors can save thousands with a 1031 exchange

    User Stats

    3,739
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    1,160
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    Erik Estrada
    Lender
    • Lender
    1,160
    Votes |
    3,739
    Posts
    Erik Estrada
    Lender
    • Lender
    Replied
    Quote from @Rene Ochoa:

    Hi,does all investment property refinance lenders offer 75% LTV?

    thank you 


     You could go up to 80% if your property can qualify for it 

    business profile image
    LuxePrivate Investments LLC
    5.0 stars
    34 Reviews

    User Stats

    432
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    172
    Votes
    Derek Brickley
    Lender
    Pro Member
    • Lender
    • Ann Arbor, MI
    172
    Votes |
    432
    Posts
    Derek Brickley
    Lender
    Pro Member
    • Lender
    • Ann Arbor, MI
    Replied

    Hey Rene,

    Depends on your specific situation and the subject property, but it is possible.  Hard to say whether ALL lenders would offer that, but if you are looking for something specifically feel free to reach out.

    business profile image
    Gold Star Mortgage Financial Group
    5.0 stars
    13 Reviews

    User Stats

    401
    Posts
    233
    Votes
    Zach Wain
    Lender
    • Scottsdale, AZ
    233
    Votes |
    401
    Posts
    Zach Wain
    Lender
    • Scottsdale, AZ
    Replied

    @Rene Ochoa Conventional loans will go to 75% max for cash out on investment properties.  Conventional loans will get you the best combo of interest rate, fees, and no prepayment penalty.  Full income/documentation

    DSCR lenders will vary greatly, but 75% is pretty easy to do. But, the rates and fees will be higher then a conventional loan.

    If you can go conventional, that is definitely the way to go!  Let me know if you have any questions.

    User Stats

    70
    Posts
    10
    Votes
    Charlie Gonzalez
    Pro Member
    • Lender
    • Charlotte, NC
    10
    Votes |
    70
    Posts
    Charlie Gonzalez
    Pro Member
    • Lender
    • Charlotte, NC
    Replied

    Hi Rene,

    We allow 75% LTV! Plus you can use the cash out to meet your reserve requirement. A major plus.

  • Charlie Gonzalez