What is CLTV?

CLTV stands for “Combined Loan To Value”. If the purchase price is $100,000, you take out a $60,000 first mortgage, and the Seller provides a $20,000 Seller carry-back, the CLTV or the Combined Loan to Value is an 80% CLTV. You arrive at that figure by adding the total amount of loans, $60,000 + $20,000 = $80,000. Divide the total combined loan amounts, $80,000, by the purchase price of $100,000, and this equals 80, making for a 80% Combined Loan To Value.