Yes, 100 LTV Arizona Hard Money Lenders Do Exist

There aren’t many, but there are lenders out there who will do 100 LTV loans. Here, we’ll define LTV loans in plain English, give you some examples, and tell you how to secure one.

For those of you who are scratching their heads and wondering what LTV means, let’s spell it out as plainly as possible. LTV is loan-to-value ratio and it’s calculated by taking the size of the loan and dividing it by the property’s value. For instance, if the appraised value of the property in question is $100,000 and the loan amount is $75,000, you have a loan-to-value ratio of 75. If you’re buying a home, the LTV is based on the home’s sale price, except in cases where it’s appraised for less than the sale price.

Lenders use LTV calculations as one of the factors in determining eligibility for a loan. Typically, lenders want a low loan-to-value ratio because it means there’s less risk involved. Many banks and credit unions set an unmovable upper limit for LTV — if it’s above, say, 80, they won’t even consider it.

However, there are some places that will go up to 100 LTV. VA loans are backed by the U.S. Department of Veterans Affairs and USDA loans are guaranteed by the U.S. Department of Agriculture, so those are two ways to get a 100 LTV loan. By the same token, FHA loans can do up to 96.5 percent because they are insured by the Federal Housing Administration.

Using Arizona private money lenders for 100 LTV loans

In addition to the above sources, some Arizona Hard Money Lenders are willing to do 100 LTV loans. This is because the money comes from private sources and borrowers generally put up collateral to secure the loan. Arizona Hard Money Lenders can also be more flexible and get you funding faster than a bank or credit union, so many people prefer this type of loan.

Finding an Arizona Private Lender who will do 100 LTV loans

Finding a lender who will do 100 LTV Arizona Hard Money Loans can seem like finding a mythical bigfoot in the woods. But don’t worry, they do exist and it’s not as hard as you may think to find one. Here at Setabay, we sit down and chat with potential borrowers and take into account their dreams, desires, and individual situation to determine if it’s a good fit for both of us. If you’re interested, give us a call today!

Mark Gowlovech
Broker/RI/CEO/MLO
Setabay LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel:  (602) 437-1357
Mark@Setabay.com

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