HELOC on investment home

[Cesar Perini]

Hello All. Has anyone completed a HELOC on an investment home? If so, how? At what LTV? And and with who? Thanks in advance for any help.

[Cassi Justiz]

I looked into Pen Fed as they were one of the few national lenders that would do a HELOC and take a second lien position on an investment property. They were only willing to loan up to 70% of appraised value including current mortgage amounts. I ended up not doing the HELOC because the loan amount wasn't going to be worthwhile.