Hi BP Members,

I understand that Heloc on investment property as a topic has been discussed many times before. My intention is to share the research I have done so far and then get pointers on the question I have

Do you have credit unions which provide HELOC on investment properties in CA?

Yes- A lot do. Here are some

Penfed- 80LTV. You can easily qualify to be a member. But if you have more than 4 properties, they won't give you a loan. That disqualifies folks like me who have more than 4 properties.

Chevron Federal CU- Easy process, was able to get Heloc till 75LTV

TechCU- They have fixed equity loan. A bit painful with their processes but you can get till 75LTV.

Are there any which provide till 80LTV?

Redwood CU- the website says they do but when I specifically asked about till 80LTV, they said No and only offered 75 LTV

Sri Federal CU- They promise to give till 90LTV but have some crazy underwriting rules where they don't consider rental income :) so didn't work

America First- They don't give for properties in CA

Question- Has anyone been successful with Heloc till 80LTV for investment properties in CA with more than 4 properties?

Thanks!