Updated over 3 years ago on . Most recent reply
80% Cashout in 2022?
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.
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Robin Simon
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
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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