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.

Promotion
PropStream
Web + D4D Mobile App for you & the team!
Trusted Provider of Real Estate Data, Marketing, Skip Tracing & A
#1 Real Estate Software for Investors, Agents & Brokers to find leads and close deals nationwide.
7 Day Free Trial!