SFH Rental Loan Product Options

[Adam Stroik]

Anyone have any luck finding an 80% or better LTV on a cash out refi for a 15year fixed rate mortgage? SF Home is in Wisconsin and a lot of my local banks are coming back with 75% LTV. 75% will just cover the HELOC I used to fund purchase and Reno but Im in it for more so I want as much of my cash back as I can. Home is currently titled to an LLC but I'm not opposed to transferring into my name.

Thanks for any help

[Chris Mason]

You are wasting your time. If you find that unicorn, the higher rate on the entire 100% of the loan amount will offset any benefit from being able to pull another 5% out. Your question isn't about this lender or that, it's about if the property is in the United States of America or not.

https://www.fanniemae.com/content/eligibility_information/eligibility-matrix.pdf