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What is the loan-to-value ratio when a buyer wants to purchase a house for $150,000 that appraises for $160,000 and they are requesting a $135,000

What is the loan-to-value ratio when a buyer wants to purchase a house for $150,000 that appraises for $160,000 and they are requesting a $135,000 loan? 90.0% loan-to-value 111.1% loan-to-value 84.35% loan-to-value 93.7% loan-to-value

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