Re-fi a duplex out of an FHA

[Bryant Sala]

Hi everyone! I'm looking to re-fi my duplex out of an FHA so that we can re-use it on another small multifamily here in Cincinnati.

I've been told by a few lenders that since it's a duplex, I need 85% LTV to re-fi, which we don't quite have yet (closer to 11-12% LTV). Are there any lenders that can help us re-fi into a conventional product with less than 85% LTV?

Thanks again!

[Ryan Thomson]

Oooof that's going to be hard to find. Your only bet is finding a portfolio lender. I think your better plan would be to find a portfolio lender who will get you a primary multifamily loan for 5-10% down. I've heard they are out there. Takes a lot of calling the local credit unions and small banks.