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Updated almost 2 years ago on . Most recent reply

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Rene Ochoa
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Rene Ochoa
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House Hacking

New to BP, HELOC INVESTMENT.

Rene Ochoa
Posted

Hi,I'm trying to get a HELOC on investment property and used to house hacking, construction .the bank that I have my properties doesn't have it anymore where is a good place to get that type of loan?

thank you 

San Diego, California
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Rene Ochoa
  • Member since Nov 30, 2021
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Rene Ochoa
Replied
Quote from @Rene Ochoa:
Quote from @Rick Albert:

A lot of banks right now are holding off on HELOCs on investment properties or if they are, they terms aren't great.

Since it is house hacking, have you looked into the FHA 203(k) loan? There are other construction loans for primary residences that will probably work.



 Hi @Rick Albert thank you I will look into FHA 203(K) loan.

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