SFR Non-Owner Occupied Home Equity Loan or Cash Out Refinance

SFR Non-Owner Occupied Home Equity Loan or Cash Out Refinance

Investor · Atlanta, GA · Member since 2017 · 136 posts · 54 votes
Hello BP, Does anyone know banks besides Pentagon Federal that will do a cash out refinance or Home Equity loan on a single family rental in MIssissippi. I've owned it for a while, LTV is around 60% with most banks automated valuation at $120K. Should be able to get about $20K. Thanks in advance.
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  • Harjeet BhattiPro Member
    Lender · Glenview IL- CDLP NMLS#230554 · Member since 2015 · 2k+ posts · 747 votes
    9y

    Mostly lenders are at 75%ltv for cash out. Its hard to get HELOC on investment when there is lien.

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