Selling Guide

Published December 16, 2020

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What are the LTV ratio requirements for the high loan-to-value refinance option?

High LTV Refinance Loan - LTV Ratio Requirements

For the new loan resulting from the refinance under the high LTV refinance option to be eligible, the following table provides the minimum LTV ratio requirements for both fixed-rate and ARM loans.

Occupancy Type                   Units          Minimum LTV         
Principal Residence 1 97.01%
2 85.01%
3-4 75.01%
Second Home 1 90.01%
Investment Property 1-4 75.01%

The loan being refinanced and the new loan do not have to represent the same occupancy. The occupancy of the subject property may have changed by the time of the high LTV refinance transaction.

There are no maximum LTV, CLTV, or HCLTV ratios for fixed-rate loans. There is a maximum LTV ratio of 105% for ARM loans, but no maximum CLTV or HCLTV ratio. For comprehensive requirements see the Eligibility Matrix.

For additional information, see B5-7-01, High LTV Refinance Loan and Borrower Eligibility.

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