Loan on Paid-off Property

[Chari Nash-Cannaday]

Hello All,

Can someone tell me how to get a loan on a property that is paid off? I called several banks this morning and I was told that I cannot refi or get a HELOC on a rental property. Any advice? Any bank recommendations?

Thanks,

Chari
 

[Sean Martin]

Yes, definitely. I used a company called LendingHome. They only do rentals, no primaries. There are some other ones too, LendingOne I believe is another one. I know LendingHome only can do loans in certain states, LendingOne may have more.