Equity needs depend on purchase vs refinance, PMI, and cash-out goals. See common LTV targets with The 2 Mortgage Guys.
Equity needs depend on purchase vs refinance, PMI, and cash-out goals. See common LTV targets with The 2 Mortgage Guys.
LOAN PROGRAMS
CLIENT BENEFITS
MORE PAGES
It depends on what you are doing. Purchases can start with as little as 3–5% down. Avoiding PMI usually means 20% equity. Cash-out refinances and investment properties typically require more. Here is how lenders think about loan-to-value.
Equity is simply home value minus what you owe — lenders express it as LTV.
Appraised value and payoff timing determine the equity lenders will recognize.
These are common planning numbers — your scenario may differ with credit and occupancy.
Equity grows through payments, appreciation, and improvements — then financing unlocks it.
Step
Related guides to help you compare options and move toward pre-approval.
Run the numbers before you apply — then get a real pre-approval from Ryan or Steve.
2MG Daily
Recent articles from our blog on conventional loans, credit, and homebuying.
No related blog posts yet. Check back soon for the latest updates.
Share your goal — buy, drop PMI, or cash out — and Ryan or Steve will translate it into a clear LTV target.
Steve DeLon and Ryan Minick - Branch Managers and Senior Loan Officers at .
Follow Us On
Contact
Ryan Minick NMLS# 203249
Steve DeLon NMLS# 202876
NMLS#
1221 Appletree Lane, Kokomo, IN 46902
© The 2 Mortgage Guys at . All rights reserved.