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Updated almost 8 years ago on . Most recent reply

User Stats

51
Posts
3
Votes
Wesley Weber
  • New Port Richey, FL
3
Votes |
51
Posts

HELOC in Florida question??

Wesley Weber
  • New Port Richey, FL
Posted

I've been house hacking the last 4 years, buying, rehab and selling my personal residences. Im finally in a house I want to stay in fora few years and also have some cash reserves formy flips. 

My question is this:

I purchased this home in December for 289k with an appraised value of 320. Now with updated apprasial came in at 376k. 

Will lenders do a HELOC on a home ive only owned for a month? Will they let me use the new appraised value for LTV? Id like to go 90% LTV. Any recommendations on who to talk to here in Florida who may offer something like what im looking for?

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