HELOC on Rental in Atlanta (Marietta)

[Ryan Copeland]

Hello BP,

There is a property I want to buy located near a rental I currently own. I want to obtain a HELOC in my rental to purchase this other property. I have already called the lender that owns the mortgage and Wells Fargo and they both said that they aren't doing HELOCs right now.

Any recommendations on lenders that are doing HELOCs right now?

[Kevin Romines]

Pen Fed Credit Union has the best terms on HELOC's for rental property, hand down.