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Kesete Thompkins
  • Investor
  • Pittsburgh, PA
22
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52
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Looking for a HELOC for an investment property

Kesete Thompkins
  • Investor
  • Pittsburgh, PA
Posted Mar 28 2020, 13:11

I have a property that I need to refinance or get a HELOC on (I prefer a HELOC). I'm in the Pittsburgh, PA market and I'm not getting the response I need from the banks I've contacted for several reasons. Some of the reasons that I've heard include:

1. My credit score is in the mid 700s but my debt-to-income ratio is too high.
2. It's an investment property.

The property has about 90k in equity and I need it to fund a couple projects I'm working on. I'm looking for a bank or credit union to partner with. Does anyone have a lender they've worked with that they can recommend? 

Any help from the community would be appreciated. 

Thank you.

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