HELOC providers in Austin?
3 Replies
Edwin Sequeira
posted about 1 month ago
Hi Folks
We are trying to get a HELOC on our primary residence in order to grow our rental business. Running into a tough time (Amplify CU had some really weird rules around recognizing rental income from our other properties). Can anyone recommend a HELOC provider they have successfully worked with? Alternatively, a portfolio lender or bank that we can work with to get a portfolio LOC?
Thanks
Edwin
Stephen Stokes
Rental Property Investor from Austin, TX
replied about 1 month ago
@Edwin Sequeira I am having the same issue securing a HELOC on my primary. Let me know if you ever find a solution but I have called pretty much every bank in town asking them and the appetite for risk is just not there right now.
Robert Eyers
Property Manager from Austin, TX
replied about 1 month ago
Mine is through BBVA, they did an excellent job and there were no origination fees.
Edwin Sequeira
replied about 1 month ago
@Robert Eyers Thank you for the tip! We will check them out this week.