Loan-to-value ratio determines how much you can borrow, what rate you'll get, and which programs you qualify for. Whether you're buying a rental property, refinancing, or pulling cash out of an existing investment, LTV is the first number every lender checks.
Use this calculator to find your LTV instantly. Switch between purchase, rate-term refinance, and cash-out scenarios. See your max loan amount, required down payment, and which DSCR programs fit your equity position — no sign-up required.
LTV Calculator
Calculate your Loan-to-Value ratio for any investment property scenario
Property Details
Your LTV
75.0%
Within Lending Limits
Down Payment Scenarios at $300,000
Row highlighted in gold represents the max LTV for your property type and credit score.
LTV = Loan Amount ÷ Property Value × 100
80% or below qualifies for most DSCR programs. 75% or below unlocks the best rates and all program options including No-Ratio DSCR.
Know Your LTV? Let's Find Your Rate.
Your LTV determines which programs and rates you qualify for. Apply online or call us with your numbers — we'll match you to the right DSCR loan in minutes.
How Does LTV Affect Your Investment Property Loan?
LTV isn't just an eligibility check — it directly controls three things: your interest rate, your available programs, and your closing costs. Lenders price risk based on how much equity you have in the deal. More equity means lower risk, which translates to better terms across the board.
At 75% LTV (25% down), you'll qualify for virtually every DSCR program we offer, including No-Ratio DSCR loans and blanket portfolio financing. Push to 80% LTV and you still qualify for standard programs, but at a slightly higher rate. Above 80%, most investment property lenders stop lending entirely — unlike conventional owner-occupied mortgages, there's no PMI option for rentals.
What LTV Do Investment Property Lenders Require by Property Type?
Maximum LTV varies based on what you're financing and why. Single-family rentals and small multifamily (2-4 units) allow the highest leverage at 80% LTV for purchases. Larger multifamily buildings (5+ units) cap at 75%. Cash-out refinances across all property types typically max at 75% — lenders want a bigger equity cushion when you're pulling cash from the property.
Single-Family & 2-4 Units
Up to 80% LTV for purchases and rate-term refinances. Cash-out refinances cap at 75%. These property types offer the most leverage and widest program selection.
5+ Units / Multifamily
Maximum 75% LTV for purchases and rate-term refis, 70% for cash-out. Larger properties require more equity, but blanket loan programs can consolidate multiple smaller properties under one mortgage.
Cash-Out Refinance
Capped at 75% LTV for SFR and small multifamily, 70% for 5+ units. Your max cash-out equals the loan at max LTV minus your current balance. No limit on how you use the funds.
Short-Term Rentals / Airbnb
Up to 80% LTV using projected STR income for DSCR qualification. Airbnb loan programs accept AirDNA or actual booking history to verify rental income.
Lower LTV means better rates. 75% LTV (25% down) hits the sweet spot for most DSCR programs.
How Can You Lower Your LTV to Qualify for Better Rates?
If your LTV is too high or you want a better rate, you have a few options. The most straightforward: increase your down payment. Going from 20% down to 25% drops your LTV from 80% to 75% and typically saves 0.25-0.50% on your interest rate — on a $300,000 property, that's $12,500 more upfront but could save you $40,000+ over a 30-year loan.
For refinances, the fastest way to lower LTV is to wait for appreciation. If your property was worth $300,000 when you bought it and now appraises at $350,000, your LTV drops from 80% to 68.6% without paying a dollar in extra principal. You can use the calculator above to model these scenarios — just enter the new appraised value to see how much your LTV improves.
Property improvements that increase appraised value also reduce LTV. A $30,000 kitchen renovation that adds $60,000 in appraised value effectively drops your LTV by several points. Use the cash flow calculator alongside this tool to make sure the renovation math works for your bottom line.
Does LTV Matter If I Use a No-Ratio DSCR Program?
Yes — LTV always matters, even when DSCR doesn't. Our No-Ratio DSCR program removes the income coverage requirement, but it still caps LTV at 75%. That means you need at least 25% equity in the property. The advantage is that the property doesn't need to cash-flow at all — you can finance a rental that's vacant, under renovation, or in a market where rents don't cover the mortgage.
Run the LTV calculator first to confirm you're at 75% or below, then use the DSCR calculator to see if you qualify for a standard program at a better rate. If the DSCR falls short, No-Ratio is your backup.
LTV Quick Reference for Rental Property Investors
- 80% LTV (20% down) — maximum for SFR and 2-4 unit purchases with DSCR programs
- 75% LTV (25% down) — unlocks best rates, all programs including No-Ratio and blanket loans
- 75% max for cash-out refinances — SFR and small multifamily; 70% for 5+ unit buildings
- Credit score matters — 700+ FICO gets full LTV; 660-699 reduces max by 5%; 650 minimum FICO required
- Lower LTV = lower rate — every 5% below the max typically saves 0.125-0.25% on your rate
Ready to Put Your Equity to Work?
You've calculated your LTV. Apply online or call to get a rate quote based on your property's equity position. No application fees, no tax returns, and closings in as fast as two weeks.