Cash out refinance 80% LTV on investment prop.

Cash out refinance 80% LTV on investment prop.

Investor · Oklahoma City, OK · Member since 2016 · 1 post · 0 votes

Hi everyone,

I'm looking for a lender that could find me an 80% LTV cash-out on my single family investment property in Oklahoma. I would appreciate anyone who might have some referrals on banks or lenders that can help with 80% as opposed to just 75%.

Thank you!

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  • Andrew PostellPro Member
    Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
    6y

    @Randy Green by any weird chance is this because you purchased the home with cash?

  • Contractor · Nashville, TN · Member since 2014 · 1k+ posts · 1k+ votes
    6y

    The best place to go to for that is local banks. Unless you can get a conventional loan, they might be able to do the cash out. But to find out who the players are in your area you need to talk to other investors in your area. Go to meet ups and ask them which Bankers are getting it done.

  • NV · Member since 2019 · 254 posts · 57 votes
    6y

    I've been looking too but haven't tried the local market yet. Good tip @Allan Smith thanks!

  • Rental Property Investor · Clarksville, TN · Member since 2016 · 1k+ posts · 1k+ votes
    6y

    Elements financial credit union is my recommendation for Traditional Conforming Lending. I can send you contact information if you PM me.

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