HELOC for investment home

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AJ WongBusiness Member
Real Estate Broker · Oregon & California Coast · Member since 2022 · 822 posts · 696 votes
2y

Hi Jason. Yes several investors offer fixed second loan and heloc programs including one 100% online with no appraisal required, disbursement in 5-7 days. Texas does have some general HELOC and second loan cash out restrictions with many lenders..Check in with @Joseph Chiofalo for specific guidelines. 

541-800-0455
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  • AJ WongBusiness Member
    Real Estate Broker · Oregon & California Coast · Member since 2022 · 822 posts · 696 votes
    2y

    Hi Jason. Yes several investors offer fixed second loan and heloc programs including one 100% online with no appraisal required, disbursement in 5-7 days. Texas does have some general HELOC and second loan cash out restrictions with many lenders..Check in with @Joseph Chiofalo for specific guidelines. 

    541-800-0455
    Sesemi | STR Brokers powered by Fathom Realty 516 Reviews
    WebsiteView Page
    3Reply
  • Kerry BairdPro Member
    Rental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
    2y

    Ridge Lending has the All in One HELOC. I also found a small local community credit union who will write first position HELOCs. I have a list of HELOC providers in my bio (BP asked me not to spam it out there)

    3Reply
  • Joseph Chiofalo
    Banker · Henderson, NV · Member since 2023 · 316 posts · 74 votes
    2y

    Hi Jason, 

    How much of a line were you needing? 

    1Reply
  • Ryan YorkPro Member
    Investor · Dothan, AL · Member since 2014 · 3 posts · 7 votes
    2y

    Jason,

    If they tell you they don't do HELOCS, ask them if they will simple do a standard line of credit. Many banks won't do a traditional HELOC on an investment property, but they will do a Line of Credit, usually at 75-80% LTV, which typically renew yearly.

    3Reply
  • Jake BakerBusiness Member
    Flipper/Rehabber · San Diego, CA · Member since 2020 · 1k+ posts · 695 votes
    2y

    @Jason Sung

    What do you plan to use the money for? Have you considered a cash-out refinance? 

    [email protected]
    BookkeepingRE - Bookkeeping for Real Estate & Service-Based Businesses58 Reviews
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  • Account Closed
    Rental Property Investor · Austin, TX · Member since 2019 · 21 posts · 65 votes
    2y

    Did a podcast interview with Highlands Mortgage about this very topic recently, contact info for the lender is below. They do HELOC and HELOANs. Lender name is below; message me if you need/want contact info (I make no money off you using them but BP won't let me put contact info).

    Graham W. Parham - Highlands Residential Mortgage

    Best of luck and glad you're looking for ways to put your equity to good use!

    0Reply
  • Melvin ListBusiness Member
    Lender · Tampa, FL · Member since 2016 · 1k+ posts · 381 votes
    2y

    I would let a broker shop this out for you. The product is available. Also some small banks will also have this product.

    C2 Financial
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