Understand the ratio
LTV compares the loan amount with the property value used in the lending review. A larger down payment generally reduces LTV.
Put numbers to the idea
A $320,000 loan against a $400,000 value produces 80% LTV. IIMBC can explain the applicable value basis and how the program treats mortgage insurance and costs.
Plan the whole contribution
Bring your purchase price, available funds and closing-cost questions. Consider your contribution alongside the funds you want to keep available after closing.
Research: CFPB, Loan-to-value ratio. Reviewed October 19, 2026.