Hi BP!

I am looking for a suggestion on what banks to apply to for a conventional mortgage on a non-owner occupied mortgage? Has anyone done it? If so, what was your LTV??

Scott

75% LTV is the standard for both Fannie and Freddie, which is relevant if you want the gov't subsidized rates/terms.

Hi @Chris Mason - I am looking to get as close to 90% LTV as possible. May be hard or impossible to find but have you heard of small local banks doing this?

Scott

@Scott Graham Anything higher then the Fannie/Freddie LTV is going to be a portfolio loan. You will take a hit on rate and points.

@Scott Graham , both of the fellas @Upen Patel and @Chris Mason are correct in regards to Fannie/Freddie. Are you considering "conventional" to be Fannie/Freddie or are you considering "conventional" to be long term fixed from a banking institution but not Fannie/Freddie? That would give you different expectations. 90% LTV would be asking a lot from a lender on a non-owner occupied. I wouldn't expect any more than 75% LTV.

@Scott Graham

A SFR or single unit property is 85% LTV and a MFR is 75% LTV for an investment property with conventional.