Investment property HELOC

5 Replies | Tampa, Florida

Has anyone found a credit union who will do an investment property HELOC or if there is such a thing, a portfolio HELOC? We have 6 SFRs in Pasco county FL. I'm from St. Pete and have my permanent address there since I'm active duty military so I should be able to join.

Yes absolutely and actually I just verified with Navy Federal credit union that they will finance them as a HELOC and not as a cash out refinance like many others will. Keep in mind though on an investment the bank generally will loan to a max of 80% LTV which depending on your down payment may or may not be enough depending on the amount of equity you have.

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