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Updated about 6 years ago on . Most recent reply

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Tosin Oluwatoye
  • Rental Property Investor
  • Drexel Hill, PA
0
Votes |
21
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Refinancing under $100k in PA

Tosin Oluwatoye
  • Rental Property Investor
  • Drexel Hill, PA
Posted

Hello BP Family,

Wondering if anyone has leads on lenders in the PA/ Delaware county area who would ReFi a rental property under $100k. I have done some research and those I found need the 80% LTV to be a minimum of $100k.

Just BRR'd [now on the 4th R :-) ] a duplex with an ARV estimate of $90k. This is my estimate using comps from the MLS with some slight adjustments and would like to refinance at this point.

Any lead is appreciated. Thanking you guys in advance. 

Most Popular Reply

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567
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459
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Rich O'Neill
  • Contractor
  • Chadds Ford, PA
459
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567
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Rich O'Neill
  • Contractor
  • Chadds Ford, PA
Replied

@Tosin Oluwatoye My experience has been what @Eric Veronica said, most banks limit you to 75% LTV on cash out investments. You could try Boeing Helicopter Credit Union, or some of the other small local banks.

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