Can I Get 80% LTV on my APPRAISAL at purchase?

Question

Does anyone know of a lender or product that provides 80% LTV on appraisal at purchase?

ex: Property worth $100k, have it under contract for $80k. Come to close and only pay closing costs.

I consistently find great below-market properties but would like to keep as much cash in my pocket for other property acquisitions. I'd like to identify a couple of lenders that lend specifically on appraised value rather than 'the lesser of purchase price or appraised value'.

Any help?

Jay Hurst · Answer

we have two programs that might help you here. Love to chat.

Jason Wray · Answer

Blake,

You are talking about 100% financing which only applies to Primary homes. Even though the house is worth $100K and you are getting it for $80K you need a loan for the "purchase price" banks only use that LTV scenario in a "refinance" situation because you own the house and they would be offering a loan based on the total equity. When you buy banks want you to put skin in the game and take on some of the risk with a down payment.

Can I Get 80% LTV on my APPRAISAL at purchase?

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