heloc on income property

[Ron Na]

Any suggestions on finding a lender that will do a heloc on income property that has no mortgage?

I'm located in Minnesota.

The heloc for income property is considered risky because priority of payment under duress tends to go to primary mortgage, but in my case the property has no mortgage. It's flat out mine.

All advice appreciated,

Ron

[Kerry Baird]

Call every single local lender in your area and create a list with terms. 

That is what I have done, and here is my short list.  Start making your own, as these have probably gotten stale.

Trustco
US Bank
TD Bank
PenFed
Union Bank, specializes in noo HELOC
Arvest Bank
East West Bank offers HELOC on non-owner occupied investment properties up to 60% LTV with "no docs".
Utah: Americafirst 80% LTV on noo 65% LTV 15 year 5.74%
First Florida Credit Union (Jacksonville area)
1.99% for 12 months, 5.25% variable 80% CLTV 20 yr w 10 yr draw
Hurst Lending and Insurance Investment property HELOC in Texas