Looking for a lender

[Julian King]

Looking for a direct lender to do a cash-out refi at 75-80% LTV/LTC on a property in Gary, IN. Preferably a lender that does not require a full appraisal but is okay with a desk valuation or is open to a referral for an appraiser. Any recommendations?

[Brittany Minocchi]

I'm not a direct lender, but 75% LTV shouldn't be hard to find (assuming you're looking for a debt service loan, conventional caps at 75% on a SFH) if your FICO qualifies. There are only a couple of 80% options and you'll see a noticeable jump in rate. Chances are slim that you'll find someone willing to bypass an appraisal, and if you do, you'll probably pay more through that lender.