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Mortgage Brokers & Lenders
HomeForumsMortgage Brokers & LendersWill Bank refi ARV 45k house?
Clarence Harris's profile image
Clarence Harris's profile image
Clarence Harris
Pro Member
  • Rental Property Investor
  • from Gainesville, FL
  • Member since Sep 23, 2019
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Clarence Harris's profile image
Clarence Harris's profile image
Clarence Harris
Pro Member
  • Rental Property Investor
  • from Gainesville, FL
  • Member since Sep 23, 2019
Connect
Clarence Harris
Pro Member
  • Rental Property Investor
  • Gainesville, FL
20
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20
Posts
Mortgage Brokers & Lenders

Will Bank refi ARV 45k house?

Clarence Harris
Pro Member
  • Rental Property Investor
  • Gainesville, FL
Posted Oct 7 2019, 11:21

I have found a real estate market where some houses are approximately $10,000. The ARV may be less than 50k. Will banks refinance any appraisal amount? Is there a minimum? In this scenario, 70% is 35k.... would a bank even touch that?

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