Updated over 6 years ago on . Most recent reply
SFH Rental Loan Product Options
Anyone have any luck finding an 80% or better LTV on a cash out refi for a 15year fixed rate mortgage? SF Home is in Wisconsin and a lot of my local banks are coming back with 75% LTV. 75% will just cover the HELOC I used to fund purchase and Reno but Im in it for more so I want as much of my cash back as I can. Home is currently titled to an LLC but I'm not opposed to transferring into my name.
Thanks for any help
Most Popular Reply
You are wasting your time. If you find that unicorn, the higher rate on the entire 100% of the loan amount will offset any benefit from being able to pull another 5% out. Your question isn't about this lender or that, it's about if the property is in the United States of America or not.
https://www.fanniemae.com/content/eligibility_information/eligibility-matrix.pdf