HELOC Options on Investment Properties!
Did you know that there are at least 22 lenders that will do a heloc on investment properties?!?! (I say AT LEAST as I am always looking and found a couple new ones this week). See below for an overview of guidelines.
7 Of those lenders will lend on PadSplit/CoLiving Homes! (Not every home will work)
As a fully licensed broker with 260+ lenders, if it can be done, i usually can help! Most brokers/loan officers close loans with their favorite 2-4 lenders or are limited by their company on which lenders they can shop for you. I have closed with OVER 80 lenders in the last 2 years. I have options MOST loan officers and brokers wish they had access to, or they just fail to understand the programs and products that each of their lenders offer.
I am also an investor with Short, Mid and Co-Living Properties (current at 15 doors). I actually read guidelines and know how to structure your deal to get you closed!
CoLiving/Padsplit - 9 lenders!
Some must be on padsplit, some cannot be on padsplit.We have custom panels of appraisers setup in many major markets.
Coast 2 Coast mortgage is a Charter Member of the National CoLiving Association.
Jeff Weller was a featured speaker at the Denver Conference in June. (I close more loans than Jeff Weller does, but he is a great dude!)
DSCR Lenders - 120+
no seasoning cashout refis, 80% cashout refis, soft pull only options, non-recourse IRA lending options, first time buyer and first time investor options, 20% ownership financing options, higher credit score options, gift fund options, no asset seasoning options, No Ratio options.... if it exists, I likely know which lender does it!
HELOC Lenders - 27 (22 will finance on investment properties)
Hard Money Lenders - 47(that I have contacted, a few more lenders likely offer this and I havnt explored them yet)
Commercial Lenders - 750+(I have a commercial lender on my team who has access to more than I do!)
Ok, to the HELOC Options:
✅ 22 different lenders offering HELOCs on investment properties
✅ LTV up to 70-90%, depending on the program
✅ Underwriting flexibility — Full Doc, Bank Statement, Asset Depletion, Stated Income (verified via deposit history), P&L, WVOE, or DSCR
✅ Loan sizes from $5K–$150K minimum up to $1,000,000 max
✅ 1st or 2nd lien position options
✅ Draw terms: 3, 5, 10, or 30 years
✅ 2-4 unit properties eligible with many lenders
✅ Seasoning as low as 0 months (up to 18 months depending on lender)
✅ Close in an LLC — at least 5 lenders support this
✅ Credit scores as low as 640
Post your questions or book time on my calendar at http://calendar.bellomortgage.com/bryan
(bellomortgage is powered by Coast 2 Coast mortgage)
- Bryan Maddex
