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Updated almost 8 years ago on . Most recent reply

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Joel Cummings
  • Rental Property Investor
  • Spokane Valley WA
21
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59
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HELOC on Rental in WA

Joel Cummings
  • Rental Property Investor
  • Spokane Valley WA
Posted
I'm trying to find a bank that lends in Washington State to give me a line of credit secured to a free and clear duplex. I've called literally every credit union in the state and have a couple options, but wondering if BP has any magic answers. So, any lenders or investors have a bank/credit union they love that does lines of credit secured by investment property? Yes, the rental easily cash flows. Thanks!

Most Popular Reply

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1,186
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Nghi Le
  • Investor / Lender
  • Seattle, WA
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1,186
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Nghi Le
  • Investor / Lender
  • Seattle, WA
Replied

Sound Credit Union gives up to 70% LTV on a HELOC for investment properties. They also have a 1st year introductory rate of 2.49%.

I think BECU does too. 

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