Does anyone know the CLTV or LTV restriction for second mortgages going FHA? I'll post this and see if anyone can get me the FHA and the FHA subordination agreement to go above 100% LTV. The FHA CLTV is difficult for me to understand when the LTV is already at the maximum loan-to-value for federal housing administration mortgage loans.
FHA has a CLTV limit for second mortgages. You may havee a higher than 100% LTV if you have the right FHA subordination agreement prepared. I am not sure is this makes sense and I will check back to see if FHA CLTV is answered here on thsi blog. Thanks!