How do you determine the loan amount?

mohsin · September 20, 2007, 5:28am

How to determine if the H.M.L is able to loan 100% of the purchase and rehab amount. With a policy of 75% LTV.

christopher_w · September 20, 2007, 1:21pm

Take the A.R.V. (after repair value) and multiply it by 75%. For example if the A.R.V. is $100,000 then max loan amount would be $100,000 X 75%=$75,000. Hope this helps.

mohsin · September 21, 2007, 5:55am

Thanks alot it think i got it.