HELOC On Investment Property
Anyone know if any lenders who will provide a HELOC on an investment property??
I have gleaned from others here on BP, and a few that I’ve interviewed.
Ridge Lending All in One
Americafirst 80% LTV on noo 65% LTV 15 year 5.74%, Utah
Arvest Bank AR, OK, AL, MO
Bank of the west
BB&T will loan on a rental portfolio
BBVA Compass
California: Cal Coast Credit Union and Fremont Bank.
Citizens first position Heloc
CMG a financial 70% LTV
East West Bank, up to 60% LTV with "no docs”
Figure
First Florida Credit Union https://firstflorida.cumortgagecenter.com
Great Lakes Credit Union
HSBC 70%, for premier clients only
Huntington 75% LTV
Hurst Lending and Insurance Investment property HELOC in Texas. No seasoning.
Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.
PenFed - max 3 other propertie, 89% LTV
Regions- yes HELOC but no LOC
SCCU Florida 70% LTV, 6.25% interest only, not LLC
TD Bank
TIAA Direct was EverBank
Tower FCU, all states except TX, max 45 DTI, green card ok. Max of three rental properties. Automated appraisal.
Trustco
Union Bank, specializes in noo HELOC. KCMO, NE
US Bank
Vectra Bank
@Chino Perez you can probably get lower rates on a cash our refinance. Just FYI and they are fixed.
@Kerry Baird
Thank you!
This is probably a noob question, but was is the noo acronym mean in your list?
pretty sure this was answered but it means None Owner Occupied
@Kerry Baird WOW! Thank you for that list! I'll start calling all these banks to find which one I could work with!
This list is 3 years old. BBVA now PNC does not offer LOC on investment property. Neither does BB&T bank on this list. This is as of May 2023. I called Vectra Bank and they still do. Waiting to hear from East West.
@Alan Zee Curious if you find any others, I'm currently looking into the same thing.
THANKS SO MUCH FOR THE INFO!