Loan to Value Change?

[Justin R.]

I am looking to cash out (BRRRR) a triplex. My lender mentioned there is a 70 percent max LTV per Fannie Mae. Has this changed, I thought my previous were all 75 percent for 1-4 cash outs....

Thanks

[Jeff Dulla]

@Justin R. Terminology used seems to always be different from state to state. But if by tri-plex you are referring to a three unit, then yes the cap is at 70% for a cash out. If by tri-plex you mean a single unit with three stories, than the cash out loan to value should be at 75%.