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Updated over 3 years ago,

User Stats

25
Posts
10
Votes
Tony Salemi
  • Mchenry, IL
10
Votes |
25
Posts

Is anybody getting 75% LTV on cash out refi of a multi unit?

Tony Salemi
  • Mchenry, IL
Posted

Trying to do a cash out refi on a duplex. To get to where I want to be, I'm looking for 75% LTV. Fannie/Freddie is 70%. It's like I'm asking for the moon. Even the local banks are no help. What are others finding?

Specifics:
Chicago far west suburbs
Current appraisal: $175K
Current mortgage: $90k
Credit score:800+
Liquid cash on hand: $75K
Personal DTI:<20%
Total DTI not including rental income:<30%

I would think this is a home run.

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