80% LTV Cash Out Refinance

[Melanie Bimbo]

Does anyone have any suggestions for lenders that offer a cash out refinance at an LTV of 80%, with 6 months or less for the seasoning period, and service Alabama?

[Hamid Sedaghat]

Hi Melanie,

We have the ability to lend 80% LTV on a Cash Out Refi as long as there is a lease in place and Property Debt to Income (PDTI) Ratio is 90% or less. Unfortunately, we do not lend in Alabama at this time, but we are always looking to expand if there is a market for it. Feel free to list the property details (as-is value, PDTI, credit score approximation, city) and I'll give you an idea if the parameters look realistic relative to our standards!