LTV (Loan-to-Value Ratio)
Loan-to-Value ratio: loan amount / MIN(purchase price, appraised value). 80% LTV corresponds to a 20% down payment.
| Audience | Name |
|---|---|
| Engineering (code) | — |
| Design (UI label) | — |
| Borrower-facing | how much you're borrowing compared to what the home is worth |
| Do not use | — |
Sources
- Clarity Engine Glossary — LTV
Related
Max LTV, Projected LTV, Mi Required Flag, Borrowing Room, Estimated Home Value, Purchase Price