Banks that do HELOC's on a Rental Property ?

Question

Hello!

I currently have a couple HELOC's on my rental properties in Philadelphia, PA through Pen Fed. I am looking to get another HELOC on a different rental but they are no longer doing them. I don't even think they would re-appraise my current accounts at this time. Does anyone know of a bank or credit union doing HELOC's on rental properties? In 2019 when I first opened the HELOC's through Pen Fed; they were loaning up to 70% LTV at prime +1.

Thanks!

Justin Epp

Account Closed · Answer

Hi! Try www.bestfinance.io

Alan Asriants · Answer

Trying looking at some local credit unions. I know American Heritage was offering one a couple months back. Also TD should have a program too

Gregory H. · Answer

Univest, I have four investment HELOCs with them, two in Philly, two in Bucks

Brayden Hrycko · Answer

Hey Justin, fellow PA resident here! We have a few lenders that do investment heloc's. I would be happy to help if you're still looking.

Gregory H. · Answer

@Justin Epperson We have 20 & that didn't seem to be a problem, but they'll only do a max of 4 investment HELOCs.

Jessica V. · Answer

s and t bank does them. 70 % on rentals .

Justin Epperson · Answer

Thanks! Do they have a limit on how many rentals you can own?

Banks that do HELOC's on a Rental Property ?

Banks that do HELOC's on a Rental Property ?

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