Loan Rates: Credit Score, LTV & Lender Impact

March 23, 2026 Priya Shah – Business Editor Business

Hard money lenders are increasingly offering loans with 100% loan-to-value (LTV) financing, a trend that allows borrowers to finance the full cost of a property without a down payment. Several lenders, including DBH Capital LLC, MOR Financial, Crowd Lending Inc. and North American Financial, currently advertise this option, according to recent listings.

The availability of 100% LTV loans varies based on borrower creditworthiness. While some lenders, such as DBH Capital, Crowd Lending Inc., North American Financial, Richmond Mortgage Inc., Money Source of America, and Insula Capital Group, do not require a credit score, others have minimum requirements. MOR Financial and CMN Funding require a credit score of 550, while Golden Capital Group requires 500, Floyd Private Money Broker requires 500, Universal Commercial Capital requires 550, and Timothy Maloney requires 620.

LTV ratio is a critical factor in a lender’s risk assessment, alongside the borrower’s credit score. The LTV ratio is calculated by dividing the original loan amount by the property value, using the lower of the sales price or appraised value for purchase transactions, and the appraised value for refinance transactions. Fannie Mae specifies that LTV ratios are truncated to two decimal places and then rounded up to the nearest whole percent.

Loan terms and interest rates are directly impacted by both LTV and credit score. Lenders may apply Loan-Level Price Adjustments (LLPAs) based on these factors, in addition to other applicable adjustments. The maximum allowable LTV ratio is determined by factors including the representative credit score, mortgage product type, number of dwelling units, and occupancy status.

Several lenders offer 100% LTV financing across multiple states, including DBH Capital LLC, MOR Financial, Crowd Lending Inc., Money Source of America, and CMN Funding. Others, like Golden Capital Group, Hendrie Grant, Forerunner Funding, and Taylor Made Lending, operate within a more limited geographic scope.