CLTV (Combined Loan-to-Value)
All liens against the property combined, divided by property value. Used when you have a first mortgage plus a HELOC or second.
CLTV captures total leverage when more than one loan secures the property. If you have a $300,000 first mortgage and a $50,000 HELOC on a $500,000 home, CLTV = ($300K + $50K) ÷ $500K = 70%. Lenders cap CLTV on second-lien products (typically 80-90% combined) to control risk. CLTV matters for HELOC underwriting and for piggyback loan structures (80/10/10).
Related terms
LTV (Loan-to-Value)
Loan amount divided by property value, expressed as a percentage. Lower LTV usually means lower rate and easier qualification.
HELOC (Home Equity Line of Credit)
Revolving credit line secured by your home equity. Lets you borrow against equity without refinancing your first mortgage.
Ready to get a rate?
Compare live mortgage rates from hundreds of lenders, no signup required.
Get instant pricing