LTV by Program and Credit Score
* Higher rates apply on Expanded and Program 7
How to Calculate Your Maximum Loan Amount
Max Loan = Property Value × LTV %
Example: $300,000 property at 80% LTV = $240,000 max loan
Net cash out = $240,000 − existing mortgage balance − closing costs
The DSCR Limit
LTV is not the only limit on loan size. The DSCR calculation may further constrain the loan amount. If a $240,000 loan produces a DSCR below your program minimum, the loan is sized down until DSCR clears the threshold.
Example: property worth $300,000, rent $1,800/month. At 80% LTV, the loan is $240,000. PITIA at 7% on $240,000 is approximately $1,917/month. DSCR = 1,800 ÷ 1,917 = 0.94. On the standard 1.0+ program, the loan would be sized down to approximately $220,000 to bring DSCR above 1.0. On the expanded 0.75+ program, 0.94 qualifies at $240,000.
Sub-1.0 DSCR and LTV
On expanded program sub-1.0 DSCR scenarios, the available LTV may be adjusted downward from 80% depending on how far below 1.0 the DSCR falls. A 0.90 DSCR at 80% LTV behaves differently than a 0.76 DSCR at 80% LTV. Submit your deal for a specific scenario assessment: these are evaluated individually.
What's Your Max LTV?
Submit your deal. We'll run the numbers and send your rate in 24 hours.
Submit Deal Summary →The Bottom Line
Maximum LTV on a DSCR cash-out refinance is 80%, but two things limit the actual loan: your credit score (determines which LTV tier you access) and your DSCR ratio (may reduce the loan below the LTV cap). The best way to know your exact number is to submit your deal with your current rent and property value and let us run it.