Rental in helping or hurting me on the HELOC?

Rental in helping or hurting me on the HELOC?

New York City · Member since 2018 · 161 posts · 75 votes

I am having trouble getting the full value of my primary due to DTI limitations. How tight/loose are underwriting standards from bank to bank? Is it normal for a lender to assume a 25% vacancy factor when it comes to rental income for a HELOC? Or is that a limitation due to the investment properties being new? Or is that standard across the industry at the moment?

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