Anyone refinancing an investment property at 85% or more? I want to refinance but also want to roll in my closing costs into total

Hi GS, Unfortunately no. Any loan Above 80% LTV requires Mortgage insurance by most lenders. There are not currently any Mortgage insurance companies willing to insure investment properties.

Would you mind contacting me directly? I'll be glad to look into it more if you'll give me some additional specifics: pdumouchel@primelending.com or 843-619-6025

Hi GS, If it's an owner occupied property the LTVs are as high as 97+%. 75% is generally for cashout refinances.

This depends on the type of loan that it is. Sometimes, an investor's property will qualify under the harp program. There is, however, a maximum amount of closing costs that can be financed into the loan. For more information, please feel free to reach out to me at 281.841.1723

Assume you are talking about a 1-4 unit rental? Unless it is a HARP eligible loan, you may be stuck at 80% or less. There are ways to easily cover your closing costs.

Correction/clarification, I believe we can still go to 85% even if it is not a HARP eligible refinance, subject to all the details of the loan and your qualifications being acceptable (fitting the guidelines). However, there are some changes as of the 16th and unless your loan is already in process before that, it will need to comply with new Fannie Mae guidelines that might change your options. I'll be glad to look into it more if you'll give me some additional specifics: pdumouchel@primelending.com or 843-619-6025

For investment properties LTV must be at 80% or less. Anything greater than 80% LTV requires mortgage insurance, which is something you cannot get on an investment property.

for those saying PMI is not available on investment property, apparently it is to some lenders.