Is there a Lender that allows more then 85% Ltv on a cash out refinance?
Currently I have a 30 fixed fha loan at %5.5. I owe about 124000 on the house and my best guess for an apprisal would be about 152,000 on the house according to zillow. my credit is in the 630 range and my goal is to cash out for about 10-12k to consolidate some High interest dept. Anybody aware of any lenders that allow a cash out of greater then 85%? by Robadd_750_422 from Holmes, Pennsylvania. Jul 9th 2012
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
Not in today's market. 85% is the best you are going to get. If you are an exceptionally well qualified borrower, (FICOs in the 800+ range, great income, extremely low debt-to-income ratio and can prove you don't need it), your local bank may consider an equity line up to 90%, but if you are a mere mortal, like the rest of us, 85% is going to be the max. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950
Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions
Sorry I do not know of any. All the best!
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