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Updated almost 10 years ago on .

User Stats

257
Posts
18
Votes
Mark Beekman
  • Investor
  • Phoenixville, PA
18
Votes |
257
Posts

Any low/no seasoning HELOCs available?

Mark Beekman
  • Investor
  • Phoenixville, PA
Posted

I'm about to pull the trigger on a cash-only property that I intend to flip. Being that it's cash-only, I'm looking to pull out some equity ASAP after closing.

Does anyone know of any banks or credit unions that don't adhere to the usual 6 month seasoning for HELOCs? I understand that they'd most likely base the LTV off of the purchase price, but I'm ok with that.