HELOC for Non-Owner Occupied quadraplex

[April Adams]

Is ANYONE doing non-owner occupied HELOC's in Los Angeles or am I chasing my tail?

[Al D.]

I recently learned that Union Bank can do it in Northern California. They also have branches around you. Of course, you could also go online.

https://www.unionbank.com

Unfortunately, the branch I went to does not seem to be fully staffed, and the process since then has also been lacking. My case has limited w-2 income, and I am not sure that the underwriter understands how to properly account for other income. That is not unusual, but lack of willingness to tell you exactly what is lacking - rather than just deny you - is not a good business practice. The situation may be improved by having a loan officer as your advocate - could not find such in my case up here. Appealing to someone in charge at the moment.