HomeStyle – Loan-to-Values

The HomeStyle Loan-to-Values listed are the basic requirement for each loan type, however additonal overlays may be in effect such as loans in High Cost Areas, borrower’s credit scores and subordinate financing may require a lower LTV. Please call to confirm your particular project prior to moving forward with your loan.

HomeStyle – Owner-Occupied Primary Residence

Purchase Transaction

1 Unit – Max LTV 95%

2 Unit – Max LTV 80%

3-4 Unit 80%

Home Improvement Rate & Term Refinance

1 Unit – Max LTV 95%

2 Unit – Max LTV 80%

3-4 Unit 80%

Home Improvement Cash-out Refinance

1 Unit – Max LTV 90%

2 Unit – Max LTV 75%

3-4 Unit 75%

HomeStyle – Investment Properties

Purchase Transaction

1 Unit – Max LTV 80%

2 Unit – Max LTV 75%

3-4 Unit 75%

Home Improvement Rate & Term Refinance

1 Unit – Max LTV 75%

2 Unit – Max LTV 75%

3-4 Unit 75%

Home Improvement Cash-out Refinance

1 Unit – Max LTV 75%

2 Unit – Max LTV 70%

3-4 Unit 70%

HomeStyle – Vacation/Second Home

Purchase Transaction

1 Unit – Max LTV 90%

2 Unit – Max LTV 75%

Home Improvement Rate & Term Refinance

1 Unit – Max LTV 90%

2 Unit – Max LTV 75%

Home Improvement Cash-out Refinance

1 Unit – Max LTV 75%

2 Unit – Max – Not Allowed

HomeStyle Renovation loan-to-values will differ for High Cost areas.

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