HELP! Loan Amount:
Enter the loan amount you are applying for without a dollar sign ($) or decimal point (.).  For example, if you are applying for a loan amount of $120,000.00, you should enter "120000".

Loan amounts are determined by the appraised value of your home on a refinance loan.  If you are purchasing a home, the loan amount is based the appraised value or the selling price, whichever is less.  The amount you can apply for is also determined by the loan program you're applying for.  For instance if a lender's maximum LTV for the program you've chosen is 80% and the property appraises for $120,000.00, the maximum loan amount you can apply for will be $96,000.00 ($120,000 X 80% = $96,000).

Talk to your loan officer concerning your maximum LTV on the loan program you are applying for.
 

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