Mortgage options based on market value?

[Craig L.]

I'm wondering if there are any lenders that will finance a purchase (not a refi) at an LTV of 80% or lower which is based on the market value of a property.

I am trying to get into a bank-owned duplex. It needs very little repairs at all, so I don't want to use expensive hard money. I am purchasing it for about 65% of its current market value. Are there any lenders that will base the LTV off of the current market value? I can live with putting some money down, but the rates for 90-95% financing of the purchase price that I've been quoted are a bit high for my liking.

Thanks for any help or advice!