what is the max ltv for a cash out no doc loan

The maximum LTV for a cash out No Doc (Community Program) loan is 70% with both Champions Funding and Change Wholesale, but specific requirements apply. Newfi Lending does not offer this option.

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Lender Comparison: Max LTV for Cash Out No Doc Loans

Lender	Program Name	Max LTV	Key Requirements/Notes	Link
Champions Funding	Consumer – No Ratio	70%	720+ FICO required for 70% LTV; 65% for 680 FICO; 60% for 660 FICO. LTV may be reduced for condos, declining markets, or recent listings.	Consumer – No Ratio
Change Wholesale	Community Mortgage	70%	9+ months reserves for 70% LTV; 6 months reserves for 65% LTV. Cash out allowed only on primary residences.	Community Mortgage
Newfi Lending	N/A	N/A	No cash out No Doc (Community Program) loans available.	Newfi Lending

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Key Takeaways

• Both Champions Funding and Change Wholesale offer up to 70% LTV for cash out No Doc loans, but you must meet FICO and reserve requirements.
• Newfi Lending does not have a No Doc cash out option.
• Additional restrictions may apply based on property type, market conditions, and recent property listings.

Would you like more details on property types, reserve requirements, or other eligibility criteria? If you provide your credit score, property type, state, and loan amount, I can give you a more tailored answer.