“Most lenders want to stay close to 80% or less than 90% CLTV, but there are some exceptions and alternative options in some scenarios that may allow higher CLTV percentages,” Phil Crescenzo Jr., vice president of Southeast Division at Nation One Mortgage Corporation, notes.
But what if you only owed $200,000 on your $400,000 home? In this case, you may qualify for a maximum loan amount of $120,000, the difference between the $200,000 balance and the 80% CLTV limit of $320,000.
