For a property with a purchase price of $200,000 and an appraisal amount of $200,000, what would be the loan amount if the LTV is 95%?

To determine the loan amount based on the loan-to-value (LTV) ratio, you multiply the property's value by the LTV percentage. In this case, both the purchase price and the appraisal amount are $200,000, so you can use either figure since they are the same.

Calculating the loan amount involves taking 95% of $200,000.

Here's how the calculation works:

1. Convert the LTV percentage to a decimal: 95% becomes 0.95.
2. Multiply the appraisal amount (or purchase price) by this decimal:
   $200,000 × 0.95 = $190,000.

This result indicates that the loan amount that can be secured based on an LTV of 95% is $190,000. Thus, the correct answer reflects the appropriate loan value that a lender would typically allow based on the assessed value of the property.