How high can my LTV be in today's markets?I have a needy situation which must be addressed. Â I currently have a 2 br home with a mortgage balance of $320K. Â I bought at the top of the market a few years ago and in today's market would likely sell for perhaps $10K less than mortgage balance. Â After realtor fees I might need to bring $20K plus to closing should we sell. Â Obviously now is not the time to sell...right! Â Unfortunately, due to tragic deaths we will soon become the legal guardians of 2 more children, one a teen.We are very happy to assume this role, and we want to provide the best for them.Our issue in buying a larger home is not affording it, it would be getting past closing.Our financial situation is solid for day to day, but not for buying a home. Â We currently bring in nearly $17K gross monthly and have a minimal $800 monthly debt service aside from our mortgage. Â All credit scores are 750 +. Â We have about $15K in the bank and our 401K is down to $50K. Â Due to our work, we really would like to stay near our current area. Â That being said, we would likely be in the $500K + area for a home to meet our needs. Â Â Again....paying a $5K mortgage is not a problem, but closing could be.Assuming we have to pay $25K to close our current home, that would leave very litlle (after a few months of saving) to offer for down payment, etc. Â For 2 years we have been paying down our higher interest debt while keeping our savings at it's current rate. Â Because of that, we don't have $100K to put down. Â Do I have any options. Â I know the days of 80/20 are gone, but is there anything close? Â I really just need to get into a larger home as I want to provide these 2 children the very best.By the way, the trust set up for these children does allow for discretion in use of funds towards their care, but does not allow for any use towards any type of home purchase. Â Â Thank you in advance.January 30 2009 - Park Hill00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.