Loan-to-Value (LTV)
Calculated by dividing the Loan Amount by the lesser of the Sales Price or Appraised Value on a Purchase, or by the Appraised Value on a Refinance.
| Calculation | |||
| Loan-to-Value Ratio | = | 80.000% | |
| Loan Amount | 64,000 | ||
| Lower of: | Sales Price | รท | 80,000 |
| Appraised Value | 80,000 |
