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Updated over 6 years ago on . Most recent reply

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10
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Jordan Gay
  • Fort Mill, SC
4
Votes |
10
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Minimum Loan Amount For Cash Out Refi

Jordan Gay
  • Fort Mill, SC
Posted

Does anyone know of a lender that will loan around $65k? I am trying to do a cash out refinance on a SFH that has an ARV of around $90k. 75% of the ARV is $67,500 and most lenders I have seen will not do a loan for less than $75k. I know a few local banks can do this but I am trying to have a seasoning period of just 30 days. Any suggestions?

Most Popular Reply

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1,711
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Will Gaston
  • Rental Property Investor
  • Columbia, SC
2,225
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1,711
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Will Gaston
  • Rental Property Investor
  • Columbia, SC
Replied

@Jordan Gay I'd try Charlotte Metro Credit Union. They'd probably do it.

  • Will Gaston
  • Loading replies...