HELOC on investment property

3 Replies

Hi guys. Does anyone have a HELOC on a investment property with navy federal? I have one with them and want to get another one on my investment property.

@Kim R. Hinds ,

I started doing a HELOC with Navy Federal, and they came in low on the appraisal and were very slow. We ended up using PenFed instead. I also have arranged for a HELOC on an investment property with TD Bank.

@Kim R. Hinds sometimes I wish I lived in other states, Navy Federal won't give HELOCs here in Texas. Was the property you have the HELOC on, was it a primary home previously? Like when you got the HELOC, was it your primary home?