80% Cashout in 2022?

[Trevor F.]

Hi Everyone,

Are there lenders (non qm/llc) doing 80% cashout refinances on single family nowadays? I know there were some last year but it seems they are tightening their LTVs.

[Robin Simon]

Quote from @Trevor F.:

Hi Everyone,

Are there lenders (non qm/llc) doing 80% cashout refinances on single family nowadays? I know there were some last year but it seems they are tightening their LTVs.

This is pretty much gone right now for DSCR loans (was very rare anyway in 2021 and earlier in the year already). Might still be doable for a non-QM non-DSCR loan so would check with a mortgage broker or lender that does the whole non-QM suite, but its nots going to be a DSCR loan