Cash out refinance on a duplex

[Zhenya Levchenko]

Hello all! I'm looking to refinance my owner occupied property (it's a duplex) and I'm bumping against the 75% LTV restriction for cash out on a multi family. the only other route is FHA which allows up to 80% but has a PMI. Anyone can help me?

[Austin Steed]

@Zhenya Levchenko

Look towards a local community bank.

I'm an investor and agent in Columbus OH and I've found some banks here with great terms, especially on anything that is your primary residence.

On my double I'm looking towards pulling out 88.9% LTV.

Most smaller banks will not do a 30 year fixed however. Im seeing things like 7 year ARM with 25 Am. All depends on your own goals and investment strategies.