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Updated 28 days ago on . Most recent reply

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Help with two dwellings HELOC

Anthony Hilliard
Posted

The local lender we tried to secure a HELOC with said they could not lend on a property with two dwellings on it.
Has anyone else run into this and found a lender that will?

2 bed 2 bath with a detached garage with a 1 bed 1 bath above it

The property has a loan on it, I believe dividing it into two parcels would be difficult.  

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Anthony Hilliard
Replied

@Joseph Chiofalo we are looking at $100-125k. 
This HELOC is for our primary residence and we are looking into investing in long term rentals with the HELOC.

I got your message to connect, I can send you over an email if you'd like to chat further 

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