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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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46
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5
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Daniel Ferster
  • Flipper/Rehabber
  • Portsmouth, VA
5
Votes |
46
Posts

80% LTV with 3 month seasoning

Daniel Ferster
  • Flipper/Rehabber
  • Portsmouth, VA
Posted

Hey everyone,

My current refinance company for all my BRRRR's has always provided 80% LTV with a 3 month seasoning period on a 30 year cash out refinance.

In light of recent events, they've dropped the LTV down to a maximum of 70%.

My question is, is anyone else able to find 80% with a 3 month seasoning right now? If it matters I’m in Virginia.

Tagging - Chesapeake, Suffolk, Portsmouth, Virginia Beach, Norfolk, Newport News, Hampton, Hampton Roads.

Most Popular Reply

User Stats

399
Posts
341
Votes
Patrick Menefee
  • Real Estate Coach
  • Charlotte, NC
341
Votes |
399
Posts
Patrick Menefee
  • Real Estate Coach
  • Charlotte, NC
Replied

Hey @Daniel Ferster, did this lender do 80% LTV for multifamily as well? Or just for SFH?

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