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Joey Palmer's profile image
Joey Palmer's profile image
Joey Palmer
  • Rental Property Investor
  • from Cincinnati, OH
  • Member since Apr 2, 2015

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52
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Joey Palmer's profile image
Joey Palmer's profile image
Joey Palmer
  • Rental Property Investor
  • from Cincinnati, OH
  • Member since Apr 2, 2015
Joey Palmer
  • Rental Property Investor
  • Cincinnati, OH
19
Votes |
52
Posts
Private Lending & Conventional Mortgage Advice

HELOC / Line of Credit (non-owner occupied)

Joey Palmer
  • Rental Property Investor
  • Cincinnati, OH
Posted

Hi guys/gals,

Does anyone in the Greater Cincinnati area know of any bank that offers HELOC or some type of line of credit on non-owner occupied investment properties? I used Huntington for (1), but they only let you have (1). Any referrals would be greatly appreciated.

Thanks for your time. 

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Brian G.'s profile image
Brian G.'s profile image
Brian G.
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Dec 30, 2013

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Brian G.'s profile image
Brian G.'s profile image
Brian G.
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Dec 30, 2013
Brian G.
  • Rental Property Investor
  • Los Angeles, CA
1,242
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Brian G.
  • Rental Property Investor
  • Los Angeles, CA
Replied

@Joey Palmer try Pen Fed but you must have 3 mortgaged properties or less including a primary to get a Heloc on a rental. 80% LTV, 12 year draw, prime plus 1% and you choose P & I payments or IO payments.

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