Banks changing LTV from 80% to 70% in local market.
2 Replies
Cody Stegeman
Contractor from Minnesota
posted 7 months ago
My local market has all went from 80/20 to 70/30 and this will cost me a ton of money on my refinances. Is anyone working with a lender that is still doing 80/20s?
Charles Carillo
Rental Property Investor from North Palm Beach, FL
replied 7 months ago
We are seeing this on multifamily bank loans under $1 million in Florida as well.
Eric Johnson
Lender from Chicago, IL
replied 7 months ago
@Cody Stegeman sounds about right. Gonna have to ride it out. It will most likely come back.