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are there lenders who lend 90% of home value?

We are looking to refinance! Just had home appraisal come in at 186,500.00, but need 90% of amount, current Mtg company says they only lend 80%. Do Mtg companies make acceptions with today's market? Our credit score was 760. by rnolen72446 from , Tennessee. Aug 7th 2013 Reply


Yes. You can refinance up to 95% with us. Give me a call at 615-403-6500 and we can discuss a home loan that best fits your needs.

Aug 7th 2013
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Nancy J Releford (nancyreleford)
#1 ranked lender in Tennessee - 224 contributions

You can absolutely refinance above the 80%. I am located here in Murfreesboro TN. 615-867-3060. Give me a call if you would like to discuss.

Aug 7th 2013
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Jason Vondrak (jvondrak)
#219 ranked lender in California - 1,741 contributions

Yes, many lenders will finance up to 90 percent loan-to-value.

Aug 7th 2013
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Adrielle Edwards (AdrielleEdwards)
#906 ranked lender in California - 96 contributions

Many lenders lend up to 95% LTV. Find a local lender like Nancy to discuss your options.

Aug 7th 2013
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Jonathan Rhode (jrhode)
#183 ranked lender in California - 130 contributions

Yes.. Many lenders will lend up to 95% LTV. There will be some fico and DTI requirements to qualify for the MI (mortgage insurance) though.

Aug 7th 2013
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David Sanders (David_Sanders)
#811 ranked lender in California - 59 contributions

Hi Rnolen, You need to talk to a local mortgage broker in TN. He will have options for you. Over 90% Loan is very common and very doable. You will generally have to pay mortgage insurance monthly however. You can choose to have it included into the rate if you want too. (Which hikes the rate up a bit). If the benefit is there then you should take advantage of it. Without knowing your current rate....sometimes it may be better to wait till your at 80%. I'd talk to someone qualified to access that. Considering "your" mortgage servicer doesn't have an over 80% product, I'd avoid them.

Aug 7th 2013
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Ken Burrows (mortgagesforamerica)
#19 ranked lender in Nevada - 572 contributions

Yes we have programs on Conventional to 95% loan to value and 96.5% FHA. If I can help you please let me know. P: 888-320-7888 - www.MortgagesforAmerica.org - Ken@MortgagesforAmerica.org - Ken Burrows

Aug 7th 2013
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Byron Pike (Byron_Pike)
#59 ranked lender in North Carolina - 16 contributions

Hi, yes there are several programs that allow you to go above 80% LTV. But, there will be mortgage insurance, we offer several options for that as well. I am licensed in the state of TN and would love to help you accomplish what you are looking for. My number is 980-265-8011 and my website is www.guaranteedrate.com/Byronpike. Give me a call and we can discuss your options today!

Aug 7th 2013
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Good morning, M/Ms Nolen-Looks like you're getting a lot of information!One important fact is that if you switch lenders, a brand new appraisal will have to be ordered, as appraisals are non-transferable unless the appraiser thatdid your appraisal is on the new lender's appraiser list (part of the Home Valuation Code of Conduct).We can also do up to 97% with or without mortgage insurance (depending on your situation and term of life would determine the best way to go).If you would like more information, of would like a loan summary, I'd be happy to do that for you.I have a team of 6 so someone will get back to you quickly.church.team@lionbank.comSincerelyMac ChurchPS--based on 90% loan to value with your credit score, today's rates are at 4.5 on a 30 yr fixed with no origination or discount points. Hope to hear from you soon.

Aug 7th 2013
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Absolutely! However, it depends on the occupancy of the property. If you reside in the property then you can get loans above 90% loan to value (LTV). If this is a rental then you can only get 75% - 80% LTV.

Aug 7th 2013
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

Yes, if you will live in the property.

Aug 7th 2013
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yes we live here, this is our primary residence. How much is title insurance, that is referred to below? We paid for our appraisal (cash) and have a copy of it. It was appraised a week ago. :)

Aug 7th 2013
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David Sanders (David_Sanders)
#811 ranked lender in California - 59 contributions

MI - Mortgage Insurance is additional to everything else. It is a percentage of your loan amount divided into monthly payments. Plan on $100-200. So if you save 200 from a rate change but now you have to add mortgage insurance to the monthly cash flow....It is no benefit and you should wait till you are at 80% LTV. Title Insurance is usually Lender Title insurance that is paid one time during the refinance transaction through escrow. It covers if someone screws up on the loan in any aspect. It is required. Homeowners insurance is to cover the A/C, plumbing or any impending disasters. Property Insurance is to cover the property from hazards such as fire.

Aug 7th 2013
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David Sanders (David_Sanders)
#811 ranked lender in California - 59 contributions

Anything over 80% LTV loan is almost 99% of the time require Mortgage Insurance of some type.

Aug 7th 2013
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