Financing a duplex with under 25% down?

[Genevieve Anderson]

Hi everyone, quick question. Does anyone know of a lender who would do under 25% down with a 30yr term for a duplex? 
I’m in New Orleans, Louisiana bought a duplex last year with 25% down (purchase price $195k). Put in lots of work and upgrades and am looking to do a cash out refi but with 20% equity if possible. 
Also, it's currently in the name of our LLC so open to business loan options.

Near 800 credit score, almost no debt, with steady 6 figure income from our 9-5’s.

Thanks in advance for your help! 

[Reid Chauvin]

Hi @Genevieve Anderson - if you are looking to cash out refinance a 2-unit investment property, the max loan to value is 75%, and this is with a 'non-qm' product (this is a category of loan that is not backed by the government or Fannie Mae/Freddie Mac, unlike the majority of mortgages). I am not personally aware of any loan product where you can borrow more against your equity than that.

With the home being under an LLC, a non-qm loan is going to be your best bet in terms of rate/term and ease of qualification.

Feel free to reach out with any more questions!