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Have rental condo,fannie mae loan 9 years, like to "Du Refi" Bal. 124k, value 103k.Can anyone do?

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Condo is in Northern California, strong rental income.
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October 17 2011 - Benicia
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Answers (1)

Profile picture for Courtesy Mortgage
Yes, that is available to 125% of property value.    You might be able to get an appraisal waiver to allow you to finance at 105%, that will result in better pricing and more lenders to choose from.

Over 105 for investement property limits your options, but there still might be benefits depending on current loan rate and your objective in refinance.
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October 18 2011
 

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