Heloc on Investment Property in SC

Heloc on Investment Property in SC

Realtor/Builder · North Augusta, SC · Member since 2013 · 128 posts · 29 votes

Would anyone care to recommend a bank, credit union, etc that will do a HELOC on an investment property? I have called some local lenders (I prefer to deal with local banks if possible), but have not gotten very far. Still working on it now, but thought I would ask for some advice here as well. Bonus points if you have worked with them and have personal experience.

The property is in South Carolina, if that matters. 

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Augusta, GA · Member since 2015 · 6 posts · 2 votes
9y

I spoke to SRPFCU this week about investment property and got a contact.

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  • Augusta, GA · Member since 2015 · 6 posts · 2 votes
    9y

    I spoke to SRPFCU this week about investment property and got a contact.

  • Realtor/Builder · North Augusta, SC · Member since 2013 · 128 posts · 29 votes
    9y

    Thanks, @Ahmad Mikell. I emailed one of the mortgage reps that I've worked with before there as well. I'll let you know how it goes.

    FYI, Regions bank will do them. I received a positive response from them today. I can share the info if you need.

  • Realtor/Builder · North Augusta, SC · Member since 2013 · 128 posts · 29 votes
    9y

    @Ahmad Mikell, SRP just responded as well...

  • Augusta, GA · Member since 2015 · 6 posts · 2 votes
    9y

    I have not checked with Regions before, but SRP is usually my go to financial institution. So how long have you been in N. Augusta? I live in Aiken. 

  • Investor · Newnan, GA · Member since 2013 · 86 posts · 33 votes
    9y

    Have you tried BB&T? They'll loan on a rental portfolio. 

  • Realtor/Builder · North Augusta, SC · Member since 2013 · 128 posts · 29 votes
    9y

    @Ahmad Mikell, we've been in NA for about 9 years. We lived in Aiken for 1 year prior to that. 

    @Account Closed, I have not tried BB&T, but I will reach out to them as well. Thanks for the heads up!

  • Rental Property Investor · Charleston, SC · Member since 2018 · 46 posts · 12 votes
    7y

    Does anyone know any banks in the Charleston, SC area that do HELOC's on rental properties?

    Thank you!

  • Rental Property Investor · Member since 2022 · 24 posts · 6 votes
    1y
    Quote from @Forrest Shealy:

    Does anyone know any banks in the Charleston, SC area that do HELOC's on rental properties?

    Thank you!


    Did you ever get an answer to this? 

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