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Updated over 5 years ago on . Most recent reply

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111
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45
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Stuart M.
  • Boca Raton, FL
45
Votes |
111
Posts

Banks that do 80%+ HELOC's on FL SFH investment property?

Stuart M.
  • Boca Raton, FL
Posted

I have one investment property, a SFH in Palm Beach County, it is rented. Does anyone know off the top of their heads, before I have to call 100 banks/credit unions, any banks/credit unions that have HELOC's that go to 80% (or more, I can dream right) on SFH investment properties in FL? Penfed does, you can skip them. Anyone else?

Most Popular Reply

User Stats

111
Posts
45
Votes
Stuart M.
  • Boca Raton, FL
45
Votes |
111
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Stuart M.
  • Boca Raton, FL
Replied
Originally posted by @Jon Huber:

@Stuart M.   I heard TD Bank will go to 80% on an investment. You'll have to contact them to confirm though. Good luck.

Thanks, I looked at their online calculator, it "reduced" the loan amount of my figures to 75% for Boca/PB, I think I am still going to give them a call. Hilariously the appraisals in my area can vary by over 10% so a 75% with a good appraisal will beat an 80% with a bad one. I'd still like to take my chances with a 80% LTV bank first...maybe if I call the local branch they can help me out.

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