Who is doing Heloc's on Investment Properties
Huntington Beach, CA · Member since 2019 · 49 posts · 21 votes
Who is doing Heloc's on Investment Properties
Most Popular Reply
Kerry BairdPro Member
Rental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votesCMG Financial in Idaho will do 100% on owner occupied.
PenFed pulls Equifax for their HELOC. Best in the game, better than Navy.
Try local community bank or credit union for investment properties. PenFed FCU, TD Bank and US Bank are my best recommendations.
I've gleaned these lenders from the kind people on BP. I have used PenFed and TD Bank for HELOCs on investment property. Post back if you find another lender who serves you well, and I will add them to my list and pay it forward. These were largely sourced pre-CV19, so eat the fish and spit out the bones.
The DTI percentage range varies by lender, and is less than what you will find for an owner occupied property, due to lender risk. While qualifying for a HELOC is dependent on your home equity and your credit score, good or excellent credit makes it easier to qualify. A good average to shoot for is 620 or higher. Plus, the better your credit score, the better your interest rate.
Ridge Lending All in One, first position HELOC
AFCU does 80% LTV on NOO. Utah
Americafirst 80% LTV on noo 65% LTV Utah
Arvest Bank AR, OK, AL, MO
Bancorp South, TX Lines of Credit on free and clear houses
Bank of Southern California, CA
Bank of West (BNP Paribas) 60% LTV CA, AZ, OR
BB&T will loan on a rental portfolio
BBVA, now PNC
BECU for OR
Bellwether Community Credit Union, NH and MA 85% to 100%, draw 10 yrs
BMO Harris, 3 HELOCs to 70% LTV
Boeing Employee Credit Union
Cal Coast Credit Union, CA
Citizens Bank -MiN, only in-state. Kyle Potswald
Citizens, first position HELOC
Coastal Federal Bank of NC
CMG Financial 70% LTV
Consolidated CCU, high LTV NOO LOC, OR, WA
East West Bank, up to 60% LTV with "no docs" San Fran CA area
Figure 80% on a rental, not in LLC
Finance of America, 95% CLTV, second home only, 680 FICO, not TX
FirstBank CO and AZ 75% LTV
First Florida Credit Union FL
First Commonwealth
First Midwest, IL up to 90% Chicago area
First Tech Federal. OR and other Western states. Up to 80% if FICO is over 780, no appraisal under $250k value.
First Republic - CA
Fremont Bank- CA
Frost Bank - TX
Fulton Bank, PA, NJ
GFA Federal Credit Union 10 yr draw, 10 yr repay, MA, NH
Granite State CU, NH 90-100%
Great Lakes Credit Union, Chicago area IL
GTE Financial, Tampa, Sarasota area FL w 2 yrs tax history on property
Hanscom FCU, TX
HSBC 70%, for premier clients only. FL, NY, MD, CA, VA, NJ,
Horizon Bank, Kalamazoo MI
Huntington MI 75% LTV 5 yr IO product available. Someone reported 80%…need confirmation
Hurst Lending and Insurance Investment property HELOC in Texas. No seasoning. Bridge, portfolio, foreign national and other specialty loan products.
KeyBank, flexible lender, HELOCs on second
homes and rental properties. 90% LTV on primary. BLOC FL, CO, OH, UT, ID
Merchants Bank MN See Pavel Ushakov
Mid-Hudson Valley FCU
Mountain America CU Utah, ID, MT, NV, AZ, NM. 85% LTV, promo rate of 1.99%. Can refi an existing mortgage to a shorter term "Mini Mortgage."
Navy Federal 80% LTV
Norway Savings Bank, Maine
Omaha Mortgage
Oregonians CU - OR
PenFed - max 3 other properties, including primary. 80% LTV, prime + 1%, <4 properties
Peoples Bank of NC
PSECU up to 80%
Quorum Federal Credit Union 80% LTV, owned by LLC is OK. Very flexible lender. NY. 5 year draw, IO for 5 yrs and PI for 10 year repayment period.
Red Canoe Credit Union, WA OR
Regions- yes HELOC but no LOC
River Bank & Trust, AL
Rivermark Credit Union, OR 90% LTV
SCCU Florida 80% LTV, 2.75% first year promo, not LLC
SECU NC 65% LTV rate 2.75% Oct 2021
Signature Federal Credit Union 75% LTV (100% on primary residence), VA
Silvergate Bank, CA
Sound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv." CT
S&T Bank, PA
TCF Bank, FL, GA
TD Bank 75% line with FICO about 740. Up to 4 properties.
Torrey Pines Bank, see also Western Alliance Bank Corp. Commercial real estate solutions for developers, home builders.
Troy Bank & Trust, AL
Trustco Bank, FL, NY, NJ, MA, VT
Trustmark Bank, Texas. Call it a LOC rather than a HELOC
Union Bank, specializes in noo HELOC. KCMO, NE
Union Bank, MUFG.
Upstate Bank in Rochester NY, LOC up to 80%
US Bank 80%. “Business equity line of credit: Use Real Estate as Equity” up to $500k, interest only. gather your business and personal tax returns, financial statements, articles of incorporation and other legal documents.”
Vectra Bank - Colo
Veritex, Texas HELOC
WAFD Bank. Origination fee 1% or $700. Can be in an LLC, max 75% LTV. WA, OR, UT, NV, ID, NM, AZ, TX. All-in-One construction loan, too.
WellsFargo 60% LTV Up to 5 properties.
Workers Credit Union, MA 80-100%
WSFS...up to 70% on rental
Zions Bank, Utah
NO: Truist
27 Replies
- Rental Property Investor · Philadelphia, PA · Member since 2021 · 782 posts · 505 votes4y
Stephanie - That looks like a great rate to me! However, do you have an existing loan/mortgage on the property? I have yet to find a lender (bank, credit union, etc...) willing to take a second position on an investment property, so if you found one, that is excellent!
@Stephanie Gledhill The credit union you found looks like a great option. You may also try to stop by your local Bank of the West branch - better than trying to establish a relationship by phone - to see if they offer investment HELOCs in TN. They do where they have physical presence, for sure. I don’t recall them having subordination concerns for a California property with first mortgage.
Don’t delay reaching out to them, as their offerings may change, due to having been acquired recently.
- Huntington Beach, CA · Member since 2019 · 49 posts · 21 votes4y
@Greg Kasmer They won't do the Heloc on my investment property, only my primary residence. Third Fed Credit Union is taking 60-90 days also. Arghh.
@Al D. I will check out Bank of the West. Thank you "-)
- 4yKerry BairdPro MemberRental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
CMG Financial in Idaho will do 100% on owner occupied.
PenFed pulls Equifax for their HELOC. Best in the game, better than Navy.
Try local community bank or credit union for investment properties. PenFed FCU, TD Bank and US Bank are my best recommendations.
I've gleaned these lenders from the kind people on BP. I have used PenFed and TD Bank for HELOCs on investment property. Post back if you find another lender who serves you well, and I will add them to my list and pay it forward. These were largely sourced pre-CV19, so eat the fish and spit out the bones.
The DTI percentage range varies by lender, and is less than what you will find for an owner occupied property, due to lender risk. While qualifying for a HELOC is dependent on your home equity and your credit score, good or excellent credit makes it easier to qualify. A good average to shoot for is 620 or higher. Plus, the better your credit score, the better your interest rate.
Ridge Lending All in One, first position HELOC
AFCU does 80% LTV on NOO. Utah
Americafirst 80% LTV on noo 65% LTV Utah
Arvest Bank AR, OK, AL, MO
Bancorp South, TX Lines of Credit on free and clear houses
Bank of Southern California, CA
Bank of West (BNP Paribas) 60% LTV CA, AZ, OR
BB&T will loan on a rental portfolio
BBVA, now PNC
BECU for OR
Bellwether Community Credit Union, NH and MA 85% to 100%, draw 10 yrs
BMO Harris, 3 HELOCs to 70% LTV
Boeing Employee Credit Union
Cal Coast Credit Union, CA
Citizens Bank -MiN, only in-state. Kyle Potswald
Citizens, first position HELOC
Coastal Federal Bank of NC
CMG Financial 70% LTV
Consolidated CCU, high LTV NOO LOC, OR, WA
East West Bank, up to 60% LTV with "no docs" San Fran CA area
Figure 80% on a rental, not in LLC
Finance of America, 95% CLTV, second home only, 680 FICO, not TX
FirstBank CO and AZ 75% LTV
First Florida Credit Union FL
First Commonwealth
First Midwest, IL up to 90% Chicago area
First Tech Federal. OR and other Western states. Up to 80% if FICO is over 780, no appraisal under $250k value.
First Republic - CA
Fremont Bank- CA
Frost Bank - TX
Fulton Bank, PA, NJ
GFA Federal Credit Union 10 yr draw, 10 yr repay, MA, NH
Granite State CU, NH 90-100%
Great Lakes Credit Union, Chicago area IL
GTE Financial, Tampa, Sarasota area FL w 2 yrs tax history on property
Hanscom FCU, TX
HSBC 70%, for premier clients only. FL, NY, MD, CA, VA, NJ,
Horizon Bank, Kalamazoo MI
Huntington MI 75% LTV 5 yr IO product available. Someone reported 80%…need confirmation
Hurst Lending and Insurance Investment property HELOC in Texas. No seasoning. Bridge, portfolio, foreign national and other specialty loan products.
KeyBank, flexible lender, HELOCs on second
homes and rental properties. 90% LTV on primary. BLOC FL, CO, OH, UT, ID
Merchants Bank MN See Pavel Ushakov
Mid-Hudson Valley FCU
Mountain America CU Utah, ID, MT, NV, AZ, NM. 85% LTV, promo rate of 1.99%. Can refi an existing mortgage to a shorter term "Mini Mortgage."
Navy Federal 80% LTV
Norway Savings Bank, Maine
Omaha Mortgage
Oregonians CU - OR
PenFed - max 3 other properties, including primary. 80% LTV, prime + 1%, <4 properties
Peoples Bank of NC
PSECU up to 80%
Quorum Federal Credit Union 80% LTV, owned by LLC is OK. Very flexible lender. NY. 5 year draw, IO for 5 yrs and PI for 10 year repayment period.
Red Canoe Credit Union, WA OR
Regions- yes HELOC but no LOC
River Bank & Trust, AL
Rivermark Credit Union, OR 90% LTV
SCCU Florida 80% LTV, 2.75% first year promo, not LLC
SECU NC 65% LTV rate 2.75% Oct 2021
Signature Federal Credit Union 75% LTV (100% on primary residence), VA
Silvergate Bank, CA
Sound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv." CT
S&T Bank, PA
TCF Bank, FL, GA
TD Bank 75% line with FICO about 740. Up to 4 properties.
Torrey Pines Bank, see also Western Alliance Bank Corp. Commercial real estate solutions for developers, home builders.
Troy Bank & Trust, AL
Trustco Bank, FL, NY, NJ, MA, VT
Trustmark Bank, Texas. Call it a LOC rather than a HELOC
Union Bank, specializes in noo HELOC. KCMO, NE
Union Bank, MUFG.
Upstate Bank in Rochester NY, LOC up to 80%
US Bank 80%. “Business equity line of credit: Use Real Estate as Equity” up to $500k, interest only. gather your business and personal tax returns, financial statements, articles of incorporation and other legal documents.”
Vectra Bank - Colo
Veritex, Texas HELOC
WAFD Bank. Origination fee 1% or $700. Can be in an LLC, max 75% LTV. WA, OR, UT, NV, ID, NM, AZ, TX. All-in-One construction loan, too.
WellsFargo 60% LTV Up to 5 properties.
Workers Credit Union, MA 80-100%
WSFS...up to 70% on rental
Zions Bank, Utah
NO: Truist
- Huntington Beach, CA · Member since 2019 · 49 posts · 21 votes4y
@Kerry Baird wow. Thanks for all the great info. 🙏🏻
- 4yArmel BayotPro MemberRental Property Investor · Walnut Creek, CA · Member since 2019 · 116 posts · 38 votes
+1 PenFed
- Real Estate Agent · Boise, ID · Member since 2016 · 1k+ posts · 888 votes4y
@Stephanie Gledhill I have SouthEast Bank doing a Heloc on a few investment properties in TN. They are newer and more eastern TN but have some really neat options right now.
- Real Estate Agent · Boise, ID · Member since 2018 · 58 posts · 39 votes4y
This is great! Do you have a contact who you would recommend at CMG Financial?
- Investor · Nashville, TN · Member since 2015 · 13 posts · 2 votes4y
I'm also looking to get access to equity that I have in one of our LTRs in Nashville TN. It has a really low mortgage rate that I'd like to hang onto. I spoke with PenFed today and they no longer offer HELOCs on investment properties as of April 2022. However, I also spoke with First Bank (located in Williamson Co...incidentally the same county as Franklin) and they are willing to do an equity line for me on the LTR. One caveat, they also hold the mortgage on the LTR so that may be why they are willing to that the 2nd position and extend the LOC to me.
- Rental Property Investor · Salt Lake City, UT · Member since 2019 · 9 posts · 1 vote3y
Has anyone been able to get one lately on an investment property? I haven't been able to get one on even a property that doesn't have a mortgage. Very frustrating.
Property is in Florida but I don't live there. I have found places that do them but they are credit unions and you have to live in a state they service (which I don't)...
@Stephanie Gledhill- is the third fed CU HELOC you mention for a HELOC on your investment property ? if so - you wont find anyhting better than this prime -1.01% rate heloc ........but what is the 2.24% you mention ? Prime is at 7%^ right now .....
- 3yDevin PetersonBusiness MemberLender · Sarasota, FL · Member since 2022 · 2k+ posts · 676 votes
sent you a PM!
ProAlpha Capital55 Reviews - 3yJacob GomesBusiness MemberReal Estate Consultant · Nashville · Member since 2020 · 70 posts · 22 votes
Movement Mortgage just rolled out a program for this. I believe its 70% LTV that they'll lend on. DM me if you want me to connect you with my local guy.
- Lender · CA · Member since 2020 · 3 posts · 0 votes3y
Spring Eq can do a heloan and they are super easy to work with.
Quote from @Tim Lucas:
I can't post the direct link but I did extensive research on the topic and found at least 1 investment property HELOC lender in almost every state. Google "investment property heloc myperfectmortgage".
Some of you are having a hard time finding the above referenced resource so the address is https://myperfectmortgage.com/investment-property-heloc-lenders-in-every-state/
- Investor · Bucks County, PA · Member since 2017 · 46 posts · 16 votes3y
Quote from @Stephanie Gledhill:
I can't find anyone who will do a Heloc on my SFR investment property in Franklin, TN. Any one know who can do this?
I found Third Fed Credit Union with a great rate prime - 1.01 = 2.24% for balance over $50K.
I have a great rate on my Primary home (in CA) and investment property so I don't want to do a cash-out refi. Any advice??Thank you in advance !
Stephanie I know I am late to the party but there are certain tax implications with HELOCs, I would make sure you understand those before diving in.
- Tampa, FL · Member since 2021 · 383 posts · 389 votes3y
@Stephanie Gledhill I bank with TD. Very strong national lender. TD Bank 75% line with FICO above 720
- Specialist · Dallas, TX · Member since 2023 · 4 posts · 9 votes3y
Does anyone know of any other that service Louisiana for rental properties? So far I’ve found PenFed, US Bank and maybe Signature and Figure.
Quote from @Corey Guedry:
Does anyone know of any other that service Louisiana for rental properties? So far I’ve found PenFed, US Bank and maybe Signature and Figure.
Hurst Lending
Castle & Cooke Mortgage. Home equity loans only, no lines of credit.- 2yDenise KrallPro MemberInvestor · OH · Member since 2022 · 4 posts · 8 votes
Quote from @Kerry Baird:
CMG Financial in Idaho will do 100% on owner occupied.
PenFed pulls Equifax for their HELOC. Best in the game, better than Navy.
Try local community bank or credit union for investment properties. PenFed FCU, TD Bank and US Bank are my best recommendations.
I've gleaned these lenders from the kind people on BP. I have used PenFed and TD Bank for HELOCs on investment property. Post back if you find another lender who serves you well, and I will add them to my list and pay it forward. These were largely sourced pre-CV19, so eat the fish and spit out the bones.
The DTI percentage range varies by lender, and is less than what you will find for an owner occupied property, due to lender risk. While qualifying for a HELOC is dependent on your home equity and your credit score, good or excellent credit makes it easier to qualify. A good average to shoot for is 620 or higher. Plus, the better your credit score, the better your interest rate.
Ridge Lending All in One, first position HELOC
AFCU does 80% LTV on NOO. Utah
Americafirst 80% LTV on noo 65% LTV Utah
Arvest Bank AR, OK, AL, MO
Bancorp South, TX Lines of Credit on free and clear houses
Bank of Southern California, CA
Bank of West (BNP Paribas) 60% LTV CA, AZ, OR
BB&T will loan on a rental portfolio
BBVA, now PNC
BECU for OR
Bellwether Community Credit Union, NH and MA 85% to 100%, draw 10 yrs
BMO Harris, 3 HELOCs to 70% LTV
Boeing Employee Credit Union
Cal Coast Credit Union, CA
Citizens Bank -MiN, only in-state. Kyle Potswald
Citizens, first position HELOC
Coastal Federal Bank of NC
CMG Financial 70% LTV
Consolidated CCU, high LTV NOO LOC, OR, WA
East West Bank, up to 60% LTV with "no docs" San Fran CA area
Figure 80% on a rental, not in LLC
Finance of America, 95% CLTV, second home only, 680 FICO, not TX
FirstBank CO and AZ 75% LTV
First Florida Credit Union FL
First Commonwealth
First Midwest, IL up to 90% Chicago area
First Tech Federal. OR and other Western states. Up to 80% if FICO is over 780, no appraisal under $250k value.
First Republic - CA
Fremont Bank- CA
Frost Bank - TX
Fulton Bank, PA, NJ
GFA Federal Credit Union 10 yr draw, 10 yr repay, MA, NH
Granite State CU, NH 90-100%
Great Lakes Credit Union, Chicago area IL
GTE Financial, Tampa, Sarasota area FL w 2 yrs tax history on property
Hanscom FCU, TX
HSBC 70%, for premier clients only. FL, NY, MD, CA, VA, NJ,
Horizon Bank, Kalamazoo MI
Huntington MI 75% LTV 5 yr IO product available. Someone reported 80%…need confirmation
Hurst Lending and Insurance Investment property HELOC in Texas. No seasoning. Bridge, portfolio, foreign national and other specialty loan products.
KeyBank, flexible lender, HELOCs on second
homes and rental properties. 90% LTV on primary. BLOC FL, CO, OH, UT, ID
Merchants Bank MN See Pavel Ushakov
Mid-Hudson Valley FCU
Mountain America CU Utah, ID, MT, NV, AZ, NM. 85% LTV, promo rate of 1.99%. Can refi an existing mortgage to a shorter term "Mini Mortgage."
Navy Federal 80% LTV
Norway Savings Bank, Maine
Omaha Mortgage
Oregonians CU - OR
PenFed - max 3 other properties, including primary. 80% LTV, prime + 1%, <4 properties
Peoples Bank of NC
PSECU up to 80%
Quorum Federal Credit Union 80% LTV, owned by LLC is OK. Very flexible lender. NY. 5 year draw, IO for 5 yrs and PI for 10 year repayment period.
Red Canoe Credit Union, WA OR
Regions- yes HELOC but no LOC
River Bank & Trust, AL
Rivermark Credit Union, OR 90% LTV
SCCU Florida 80% LTV, 2.75% first year promo, not LLC
SECU NC 65% LTV rate 2.75% Oct 2021
Signature Federal Credit Union 75% LTV (100% on primary residence), VA
Silvergate Bank, CA
Sound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv." CT
S&T Bank, PA
TCF Bank, FL, GA
TD Bank 75% line with FICO about 740. Up to 4 properties.
Torrey Pines Bank, see also Western Alliance Bank Corp. Commercial real estate solutions for developers, home builders.
Troy Bank & Trust, AL
Trustco Bank, FL, NY, NJ, MA, VT
Trustmark Bank, Texas. Call it a LOC rather than a HELOC
Union Bank, specializes in noo HELOC. KCMO, NE
Union Bank, MUFG.
Upstate Bank in Rochester NY, LOC up to 80%
US Bank 80%. “Business equity line of credit: Use Real Estate as Equity” up to $500k, interest only. gather your business and personal tax returns, financial statements, articles of incorporation and other legal documents.”
Vectra Bank - Colo
Veritex, Texas HELOC
WAFD Bank. Origination fee 1% or $700. Can be in an LLC, max 75% LTV. WA, OR, UT, NV, ID, NM, AZ, TX. All-in-One construction loan, too.
WellsFargo 60% LTV Up to 5 properties.
Workers Credit Union, MA 80-100%
WSFS...up to 70% on rental
Zions Bank, Utah
NO: Truist
The One Brokerage does HELOCs on rental properties.
- Member since 2023 · 21 posts · 11 votes2y
Cal Coast Credit Union was super easy to work with and did our HELOCs on investment properties super quickly.
- Rental Property Investor · Wichita Falls, TX · Member since 2018 · 353 posts · 80 votes2y
Quote from @Stephanie Gledhill:
I can't find anyone who will do a Heloc on my SFR investment property in Franklin, TN. Any one know who can do this?
I found Third Fed Credit Union with a great rate prime - 1.01 = 2.24% for balance over $50K.
I have a great rate on my Primary home (in CA) and investment property so I don't want to do a cash-out refi. Any advice??Thank you in advance !
Ever find out if any lender will do a HELOC in Oklahoma with the rental under an LLC?
- Rental Property Investor · Wichita Falls, TX · Member since 2018 · 353 posts · 80 votes2yAny of these do a HELOC on an investment property in Oklahoma under an LLC? Right now I am having to deed it to my personal name, wait 90 days, just to get a HELOC.
Quote from @Kerry Baird:
CMG Financial in Idaho will do 100% on owner occupied.
PenFed pulls Equifax for their HELOC. Best in the game, better than Navy.
Try local community bank or credit union for investment properties. PenFed FCU, TD Bank and US Bank are my best recommendations.
I've gleaned these lenders from the kind people on BP. I have used PenFed and TD Bank for HELOCs on investment property. Post back if you find another lender who serves you well, and I will add them to my list and pay it forward. These were largely sourced pre-CV19, so eat the fish and spit out the bones.
The DTI percentage range varies by lender, and is less than what you will find for an owner occupied property, due to lender risk. While qualifying for a HELOC is dependent on your home equity and your credit score, good or excellent credit makes it easier to qualify. A good average to shoot for is 620 or higher. Plus, the better your credit score, the better your interest rate.
Ridge Lending All in One, first position HELOC
AFCU does 80% LTV on NOO. Utah
Americafirst 80% LTV on noo 65% LTV Utah
Arvest Bank AR, OK, AL, MO
Bancorp South, TX Lines of Credit on free and clear houses
Bank of Southern California, CA
Bank of West (BNP Paribas) 60% LTV CA, AZ, OR
BB&T will loan on a rental portfolio
BBVA, now PNC
BECU for OR
Bellwether Community Credit Union, NH and MA 85% to 100%, draw 10 yrs
BMO Harris, 3 HELOCs to 70% LTV
Boeing Employee Credit Union
Cal Coast Credit Union, CA
Citizens Bank -MiN, only in-state. Kyle Potswald
Citizens, first position HELOC
Coastal Federal Bank of NC
CMG Financial 70% LTV
Consolidated CCU, high LTV NOO LOC, OR, WA
East West Bank, up to 60% LTV with "no docs" San Fran CA area
Figure 80% on a rental, not in LLC
Finance of America, 95% CLTV, second home only, 680 FICO, not TX
FirstBank CO and AZ 75% LTV
First Florida Credit Union FL
First Commonwealth
First Midwest, IL up to 90% Chicago area
First Tech Federal. OR and other Western states. Up to 80% if FICO is over 780, no appraisal under $250k value.
First Republic - CA
Fremont Bank- CA
Frost Bank - TX
Fulton Bank, PA, NJ
GFA Federal Credit Union 10 yr draw, 10 yr repay, MA, NH
Granite State CU, NH 90-100%
Great Lakes Credit Union, Chicago area IL
GTE Financial, Tampa, Sarasota area FL w 2 yrs tax history on property
Hanscom FCU, TX
HSBC 70%, for premier clients only. FL, NY, MD, CA, VA, NJ,
Horizon Bank, Kalamazoo MI
Huntington MI 75% LTV 5 yr IO product available. Someone reported 80%…need confirmation
Hurst Lending and Insurance Investment property HELOC in Texas. No seasoning. Bridge, portfolio, foreign national and other specialty loan products.
KeyBank, flexible lender, HELOCs on second
homes and rental properties. 90% LTV on primary. BLOC FL, CO, OH, UT, ID
Merchants Bank MN See Pavel Ushakov
Mid-Hudson Valley FCU
Mountain America CU Utah, ID, MT, NV, AZ, NM. 85% LTV, promo rate of 1.99%. Can refi an existing mortgage to a shorter term "Mini Mortgage."
Navy Federal 80% LTV
Norway Savings Bank, Maine
Omaha Mortgage
Oregonians CU - OR
PenFed - max 3 other properties, including primary. 80% LTV, prime + 1%, <4 properties
Peoples Bank of NC
PSECU up to 80%
Quorum Federal Credit Union 80% LTV, owned by LLC is OK. Very flexible lender. NY. 5 year draw, IO for 5 yrs and PI for 10 year repayment period.
Red Canoe Credit Union, WA OR
Regions- yes HELOC but no LOC
River Bank & Trust, AL
Rivermark Credit Union, OR 90% LTV
SCCU Florida 80% LTV, 2.75% first year promo, not LLC
SECU NC 65% LTV rate 2.75% Oct 2021
Signature Federal Credit Union 75% LTV (100% on primary residence), VA
Silvergate Bank, CA
Sound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv." CT
S&T Bank, PA
TCF Bank, FL, GA
TD Bank 75% line with FICO about 740. Up to 4 properties.
Torrey Pines Bank, see also Western Alliance Bank Corp. Commercial real estate solutions for developers, home builders.
Troy Bank & Trust, AL
Trustco Bank, FL, NY, NJ, MA, VT
Trustmark Bank, Texas. Call it a LOC rather than a HELOC
Union Bank, specializes in noo HELOC. KCMO, NE
Union Bank, MUFG.
Upstate Bank in Rochester NY, LOC up to 80%
US Bank 80%. “Business equity line of credit: Use Real Estate as Equity” up to $500k, interest only. gather your business and personal tax returns, financial statements, articles of incorporation and other legal documents.”
Vectra Bank - Colo
Veritex, Texas HELOC
WAFD Bank. Origination fee 1% or $700. Can be in an LLC, max 75% LTV. WA, OR, UT, NV, ID, NM, AZ, TX. All-in-One construction loan, too.
WellsFargo 60% LTV Up to 5 properties.
Workers Credit Union, MA 80-100%
WSFS...up to 70% on rental
Zions Bank, Utah
NO: Truist
Ever find out if any lender will do a HELOC in Oklahoma with the rental under an LLC?
Ever find out if any lender will do a HELOC in Oklahoma with the rental under an LLC?
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