Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

151
Posts
13
Votes
Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
13
Votes |
151
Posts

Heloc on an investment property? Lender sugestions?

Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
Posted

Does any one know any financial institutions that are willing to do a heloc on an investment property? I feel like there aren’t any out there.

Most Popular Reply

User Stats

1,829
Posts
1,242
Votes
Brian G.
  • Rental Property Investor
  • Los Angeles, CA
1,242
Votes |
1,829
Posts
Brian G.
  • Rental Property Investor
  • Los Angeles, CA
Replied

@Allen Lopez Pen Fed will do a Heloc at 80% LTV on a rental if it's held in your name, not in an LLC and you have 3 properties or less including your primary. 12 year draw, tied to prime + 1%, no closing costs unless a physical site visit appraisal is needed, if closed within 24 months they will back charge the fees they waived in opening your Heloc ($400-$600), you choose I/O payments or P/I payments.

Loading replies...