We closed on a property in Mesa, AZ and are looking for a lender who can lend up to 80% LTV on an investment property for a cash out refinance.
We have some lending relationships who have advised us that things have changed in the last few months with the rate increases and they can no longer do 80% LTV for cash out refinance of an investment property. We are hoping this is not the case for all lenders.
Lender · Greenville, SC · Member since 2022 · 37 posts · 10 votes
4y
@Chase Ginther. We are still able to offer 80% LTV for cash out refinances, as long as you qualify. To provide some more clarity as to why most lenders cannot offer 80% LTV, this is due to the DSCR falling below the minimum requirement for the lender. With higher interest rates, properties do not debt service as easily at higher LTVs.
I am more than happy to run the numbers to see if we can help! DM for details.