Rental Property Investor · Tuscaloosa · Member since 2019 · 88 posts · 38 votes
I am looking for a lender that will give me a HELOC of at least 85% LTV on my investment properties. I up to date appraisals on all my properties within the last year. Is there any banks that offer this?
And yes I have called around to my local bank / credit unions. They are only willing to do 80% at the moment.
Rental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
5y
TD Bank is my go-to, followed by PenFed. Not sure the percentage they will go, but there is extra risk in the market, specifically for investment properties and 80% may be what the market will bear.
TD Bank is my go-to, followed by PenFed. Not sure the percentage they will go, but there is extra risk in the market, specifically for investment properties and 80% may be what the market will bear.
Thanks. I will check them out. I agree it may be hard to find over 80% but with my equity an extra 5% LTV is another $48k in credit so I am going to try like hell first.