Typical LTVs for Turnkey Out of State?

[Brian Bistolfo]

Hi All,

I'm looking at turnkey properties in various states and was wondering what sorts of LTVs people are finding out there.  I was able to swing 80% pretty easily here in my home state of Texas (good income, excellent credit), but I seem to recall that banks tend to like more equity from "absentee" investors.  Or does being out of state not make a difference, and I should just talk to lots of lenders?

Any thoughts much appreciated here. I'm hoping to find lenders that will do 80% LTV in the cities I'm looking in.

Thanks!

Brian

[Account Closed]

3.75% for 30 year fixed. 3.0% for 5/1 ARM. both at zero points.