Investment HELOC/HELOAN lenders?

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Investment HELOC/HELOAN lenders?

Cody MeechPro Member
Rental Property Investor · Amarillo, TX · Member since 2023 · 1 post · 0 votes

Does anyone have any lenders they have worked with that provide HELOC's or HELOAN's on investment properties? I have a great rate on the property and do not want to refinance.

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  • Erik EstradaBusiness Member
    Lender · Los Angeles, CA · Member since 2022 · 6k+ posts · 1k+ votes
    1y
    Quote from @Cody Meech:

    Does anyone have any lenders they have worked with that provide HELOC's or HELOAN's on investment properties? I have a great rate on the property and do not want to refinance.


    Yes, there are full doc, bank statement, and DSCR 2nd mortgages available.

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
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    • Tom McGrath
      Investor · Riverside, CT · Member since 2013 · 8 posts · 1 vote
      11mo
      Quote from @Erik Estrada:
      Quote from @Cody Meech:

      Does anyone have any lenders they have worked with that provide HELOC's or HELOAN's on investment properties? I have a great rate on the property and do not want to refinance.


      Yes, there are full doc, bank statement, and DSCR 2nd mortgages available.

      I was searching for this earlier today and learned that there are very few lenders willing to write HELOCs on investment properties that are not owner-occupied. The ones that do, including TD Bank and Rate.com, have pretty high interest rates. We decided against it because of the high rates. 
      1Reply
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