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Updated almost 5 years ago on .

User Stats

78
Posts
39
Votes
Brian C.
  • STAFFORD, VA
39
Votes |
78
Posts

Lenders who do not require HELOC seasoning

Brian C.
  • STAFFORD, VA
Posted

I'm looking for a good lender who doesn't require the seasoning requirement when using a HELOC as a down payment. I purchase rental properties in either Northern Virginia or Delaware. I have good credit (800+), low DTI (20%) but have 5 mortgages in my name and keep my reserves in investments.

I plan to start calling around some of the smaller banks, but a point in the right direction would be greatly appreciated.  Thanks!