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95% LTV

Hello, I have a rental home with 95% LTV, are there any lenders that will refinance out there currently? It's not with any federal backed agencies. by lamard93436898 from Kihei, Hawaii. Jun 17th 2017 Reply


Melissa Stutes (MelissaStutes)
#28 ranked lender in Hawaii - 101 contributions

It varies from lender to lender, but most require at least an 85% LTV for a rate/term...75% for cash-out.

Jun 18th 2017
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Aloha,I can get you to 85% LTV with no MI. We also offer Interest Only and a 40 yr term to make payments manageable.FHA and VA might also work. Let me know if you need to know more specifics.

Jun 19th 2017
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Daryn Ogino (Daryn_Ogino)
#30 ranked lender in Hawaii - 7 contributions

You have several options. You can do a 80% conventional first mortgage and a 15% second mortgage. You can also do FHA. If you qualify for VA, then that is a possibility. Also if you did your mortgage before May 2009, then there is a possibility to do a HARP loan. We're a Hawaii broker. Give us a call if you want to explore possibilities.

Jun 18th 2017
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Daryn Ogino (Daryn_Ogino)
#30 ranked lender in Hawaii - 7 contributions

Sorry, read this too quickly and missed the rental part. HARP still might be a possibility if last financing was before May 2009. If it is a VA loan, then that is a possibility too. Other than that, what Melissa said is correct.

Jun 18th 2017
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Alan Van Zee (alan@hawaiimortgage.net)
#32 ranked lender in Hawaii - 9 contributions

If the original loan was a VA loan, you'd have no problem refinancing, even if you no longer live in the home.An 85% loan is the highest I have found for your situation if not VA.

Jun 19th 2017
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Thanks to all for your answers.

Jun 20th 2017
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Hello,The person that answered about 40 year term and 85%, what are your contact info?

Jun 21st 2017
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