Legality of 1st Lien HELOC on Investment Property

Legality of 1st Lien HELOC on Investment Property

Investor · Alexandria, OH · Member since 2014 · 32 posts · 8 votes

I have called 20 banks and no one does a 1st lien on investment properties except 1 stated they would if owner occupied.
During the research I read a website, which stated that 1st lien HELOCS on non-occupied are illegal and not allowed by Federal Law.

Anyone know if this is true?

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