Been looking to get a non-owner occupied HELOC and would love to find one (wouldn't we all) that will go to 80% LTV. I've been looking and it sounds like maybe PenFed has a similar product so I'm going to call them, but before I do that, would like to ask for local experience...
Anyone have any luck in Oregon with local credit unions or lenders doing 80% (or even 75%) on a NOO LOC?
Bank of the West does a 70% LTV. I have one of those right now.
I have a line at First Tech went easily after BA hassle. Only about 25% though. No appraisal. Did not ask for more.
Thanks Chris and Jeff!
I’m not opposed to calling around, but figured it would be easier with a head start on which to call first!
Matthew, i got one through Trailhead CU. Happy to share the LO's contact info.
I think all the credit unions have them.. I know on point does. what LTV dont know.
but careful not to over leverage yourself.
I want to make sure I have the funds on hand through a HELOC so I can move on opportunities as I can, but not have the guaranteed hit from a cash-out refi. I like the flexibility. Saw what over-leverage did to others 10 years ago and looking to avoid that for myself and my clients.
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