Are HELOCs Available on a Rental Portfolio?

[William Coet]

Are HELOCs Available on a Rental Portfolio?  If so, what lenders are more likely to offer them?

Thanks

[Ben Zimmerman]

I used Pen Fed for a HELOC on 2 of my rentals. They offer by far and away the best terms since many lenders won't go very high with the total LTV ratios on rental units. Pen Fed offered 80% total LTV, and 4.75% adjustable interest rates and the overall process was super easy and (at least in my case) they didn't require an appraisal even though I opted for the max 80% loan.

https://www.penfed.org/mortgag...