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Updated about 2 years ago on . Most recent reply

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10
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Brittany Smith
3
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10
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Anyone offer 80 % LTV for BRRRR property?

Brittany Smith
Posted

Help! Anyone have recommendations for bank, credit union, ect. That is still offering 80% LTV? Best we can find is 75%. We have had property for 6 months. Would prefer to keep property in business name. Thank you

  • Brittany Smith
  • Most Popular Reply

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    Jack Tulloch
    #2 Mortgage Brokers & Lenders Contributor
    • Lender
    • Austin, TX
    579
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    468
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    Jack Tulloch
    #2 Mortgage Brokers & Lenders Contributor
    • Lender
    • Austin, TX
    Replied

    Hey Brittany. The market standard for a cash-out is 75% LTV. That said, there are some lenders who can go up to 80% LTV but it's typically very hard to qualify for due to higher rate/payment making it difficult to hit the DSCR hurdle. Working with a broker might be your best bet as they will have connections with multiple lenders. I am sure you will get some reply's on this thread from some brokers who can assist.

  • Jack Tulloch
  • [email protected]
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