Lenders who refinance at 80% LTV

St. Louis, MissouriWantProfessionalsLender
Classifieds
3yFollow

Lenders who refinance at 80% LTV

Hamed Rahimi
Realtor · St Louis, MO · Member since 2021 · 33 posts · 15 votes

Hi everyone,

I have a house that is in rehab right now. I am following BRRRR strategy. I have talked to a couple of lenders and they offer max. 75% LTV. Do you know any lender that offers 80% LTV for a refinance?

Thanks,

Hamed

1Reply
36 views

Most Popular Reply

Alex BekezaBusiness Member
Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
3y

@Hamed Rahimi We have a program that will do 80% cash out for investors with at least 3 deals experience in the last 3 years but rate/cost are leaps and bounds better for 75% cash out.  I actually invest in STL myself too.  Would love to connect some time. 

[email protected]818-606-8823
Investor Property Loan5306 Reviews
WebsiteView Page
2Reply
See this reply in the discussion

8 Replies

Jump to latestLatest
  • Alex BekezaBusiness Member
    Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    3y

    @Hamed Rahimi We have a program that will do 80% cash out for investors with at least 3 deals experience in the last 3 years but rate/cost are leaps and bounds better for 75% cash out.  I actually invest in STL myself too.  Would love to connect some time. 

    [email protected]818-606-8823
    Investor Property Loan5306 Reviews
    WebsiteView Page
    2Reply
  • Brittany MinocchiBusiness Member
    Lender · Massillon, OH · Member since 2022 · 1k+ posts · 486 votes
    3y

    There are some out there who will still do 80% if the property/FICO qualifies. Like Alex said, you’ll see a difference in terms and rate from 75%. Happy to look into it for you, feel free to connect. 

    [email protected]330-354-6590
    Brittany Minocchi - Barrett Financial Group, LLC522 Reviews
    View Page
    1Reply
  • Andrew PostellPro Member
    Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
    3y

    @Hamed Rahimi congratulations on having a home and executing on the BRRRR Method. Now, I need to be straight on this - talking with 2 lenders is not enough. Most of us are speaking with 20...and sometimes over 100 to get what we need. Be aggressive. Do not take "no" for an answer. Keep reaching out to other lenders. There are lenders that lend up to 80%...but can you qualify for those loans? Hard to say until you speak with one that WILL lend up to that LTV.

    My recommendation here is usually the same - we need to go local for this.  Meaning, local real estate investors.  The OTHER investors in your market had to find the same thing you are looking for.  Chances are, they already know who to connect you with!  We just need to go and meet those investors.  Try some local real estate meetup groups. Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. But post locally for this. That’s the best bet.

    1Reply
  • Hamed Rahimi
    OP
    Realtor · St Louis, MO · Member since 2021 · 33 posts · 15 votes
    3y
    Quote from @Alex Bekeza:

    @Hamed Rahimi We have a program that will do 80% cash out for investors with at least 3 deals experience in the last 3 years but rate/cost are leaps and bounds better for 75% cash out.  I actually invest in STL myself too.  Would love to connect some time. 

    Thanks Alex for your response. I will give you a call to chat.
    0Reply
  • Hamed Rahimi
    OP
    Realtor · St Louis, MO · Member since 2021 · 33 posts · 15 votes
    3y
    Quote from @Andrew Postell:

    @Hamed Rahimi congratulations on having a home and executing on the BRRRR Method. Now, I need to be straight on this - talking with 2 lenders is not enough. Most of us are speaking with 20...and sometimes over 100 to get what we need. Be aggressive. Do not take "no" for an answer. Keep reaching out to other lenders. There are lenders that lend up to 80%...but can you qualify for those loans? Hard to say until you speak with one that WILL lend up to that LTV.

    My recommendation here is usually the same - we need to go local for this.  Meaning, local real estate investors.  The OTHER investors in your market had to find the same thing you are looking for.  Chances are, they already know who to connect you with!  We just need to go and meet those investors.  Try some local real estate meetup groups. Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. But post locally for this. That’s the best bet.

    Well said Andrew.
    I will reach out to local banks. 
    0Reply
  • Hamed Rahimi
    OP
    Realtor · St Louis, MO · Member since 2021 · 33 posts · 15 votes
    3y
    Quote from @Brittany Minocchi:

    There are some out there who will still do 80% if the property/FICO qualifies. Like Alex said, you’ll see a difference in terms and rate from 75%. Happy to look into it for you, feel free to connect. 

    Thanks Brittany. I will call you to ask about your programs.
    0Reply
  • John Chong
    Lender · Houston, TX · Member since 2023 · 235 posts · 255 votes
    3y

    Not a lot of lenders will in this rate environment. If they do, your rate/costs will be very high compared to a 75% LTV loan.

    0Reply
  • Matt Cartwright
    Lender · Newport Beach, CA · Member since 2016 · 68 posts · 18 votes
    3y

    @Hamed Rahimi Hi Hamed, would love to connect I have an 80% spot with zero seasoning.

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free