HELOC Options on an Investment Property

[Ross Alcorn]

Does anyone have any recommendations for banks that do HELOC's on investment properties at interest only? I've used two separate good products for my primary homes in the past but looking at potential options for an investment property to compare possible options for a next purchase. I've found one but they only do a max loan up to 100K on investment properties.

[Devin Peterson]

Not really a product atm. They exist, but seldom do they serve a purpose. The only Heloc product I know of for investment properties maxes out at 70cltv and is subject to a full doc underwrite. Better off doing a DSCR cashout. There are also 2nd mortgage products out there that follow DSCR underwrite to my knowledge.