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Updated almost 7 years ago on . Most recent reply

User Stats

46
Posts
5
Votes
Daniel Ferster
  • Flipper/Rehabber
  • Portsmouth, VA
5
Votes |
46
Posts

Refinancing (BRRRR) in Virgnia - whose offering the best terms?

Daniel Ferster
  • Flipper/Rehabber
  • Portsmouth, VA
Posted

As the subject line inquires, who do you think is offering the best refinancing options for BRRRR investors in Virginia or more specifically, in Hampton Roads? I can pretty easily get 75% LTV with a 6 month seasoning period from small banks and large national companies.

I was wondering if anyone was getting better terms? Maybe 80% LTV or no seasoning periods?

**Virginia Beach, Chesapeake, Hampton, Portsmouth, Suffolk, Newport News, Norfolk**

Most Popular Reply

User Stats

42
Posts
19
Votes
Michael Snead
  • Newport News, VA
19
Votes |
42
Posts
Michael Snead
  • Newport News, VA
Replied

I’d be interested in hearing this too.

I know Langley FCU was advertising 100% LTV HELOC’s at 3.6% for 30 years fixed. But I’m sure that is only primary residence and the property probably has to meet certain criteria.

All I know is Langley is VERY cash heavy right now. I just got an auto Loan at 1.7% haha.

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