Rate term refinance
Hey guys,
I am looking to refinance a 5/1 ARM commercial loan into a 30 year fixed conventional rate. A lot of online lenders are saying "the rules" state they can only lend 75% LTV on investment properties. I have a local bank that is saying I can do 80% LTV. Do you guys know if it's just a Fannie/Freddie rule that you can only get 75% LTV for conventional rate term refinance?