HELOC best place to get a HELOC

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  • Denver McClurePro Member
    Financial Advisor · Dallas, TX · Member since 2018 · 659 posts · 479 votes
    4w

    @Debra Morrison has a few recommendations for you

    [email protected]
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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    4w

    Try Figure. I hear they have some solid digital HELOC programs

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
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  • Mike GrudzienPro Member
    Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
    4w

    Try local credit union.

    0Reply
  • Tim SwierczekPro Member
    Lender · White Bear Township, MN · Member since 2016 · 1k+ posts · 1k+ votes
    4w

    It depends on your purpose, but if you're using the HELOC to make money, i.e. for investments or invest investment properties the best place is the place that will give you 100% LTV. The second place is the one will give you 95% LTV. Everywhere else will give you 90% and they are schmucks or they should in your eyes as an investor.

    Most people think they're being smart and getting the best rate or fees. They save a quarter point and they cost themselves one remodel in the process by borrowing 5% lower LTV.

    In the future, they’re borrowing money at rates in the 10-12 % range with multiple points. All to save a quarter point In the beginning.

    Always be the person who sees the forest from the trees.

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  • Brandon M.
    New to Real Estate · NY · Member since 2026 · 22 posts · 17 votes
    4w

    Following on this. I might be looking to do a HELOC on my personal home to make my moves on some rental property.

    0Reply
  • Melvin ListBusiness Member
    Lender · Tampa, FL · Member since 2016 · 1k+ posts · 381 votes
    3w

    On a Primary Home I would stick with a credit union. On an investment property I would reach out to a broker in your area.

    C2 Financial
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  • Jay HurstBusiness Member
    Lender · Dallas, TX · Member since 2017 · 1k+ posts · 1k+ votes
    3w
    Quote from @David Strunk:

    Best place go for a HELOC


    would the collateral be your primary home?  if so, any credit union/regional bank. If a investment property, not a credit union or bank, but rather a mortgage broker/banker who deals with a lot of investors. 

    Hurst Real Estate, INC4.989 Reviews
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  • James Driscoll
    Banker · MA · Member since 2026 · 120 posts · 32 votes
    3w

    The LTV logic is right, but there's a piece investors tend to find out the hard way: most lenders offering 95-100% HELOC products reserve the right to freeze or reduce your available line if the property value drops or the lender decides your risk profile changed. That clause sits in the agreement and it tends to get exercised exactly when markets get choppy and you actually need the capital. So yes, push for the highest LTV you can get, but read the freeze and reduction terms before you sign, because a line you can't draw on in a downturn is worth less than the lower-LTV product at the bank that never touches it.

    James Driscoll

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