What is a good lender for Heloc Loans?

Question

I'm thinking to get HELOC loan and was wondering if you have any suggestions on good lenders. I tried this few years ago and I remember experience was horrible. They asked for so many documents and information. At the end I wasn't approved.

Javier Mercado · Answer

Slaven, we have some lenders in our network that will provide a HELOC on investment properties.

The fastest I've closed a HELOC recently was 5 days. I can help give some options if you're up to it.

Javier Mercado · Answer

Short answer is yes. I just sent you a connect request. Lets chat more about your plan.

Khandbari Rai · Answer

@Javier Mercado is it open ended? I am interested for rental, thanks.

Slaven Slugic · Answer

Sure ill PM you and you can give me more details.

Slaven Slugic · Answer

Thanks for Replying, Carolina,My credit score is close to 800 (shouldnt be a problem) last time I checked few months ago and property is long term rental producing good return. Also value of the property is up by 40%+ since i bought it.

Caroline Gerardo · Answer

HELOC is full documentation. If you have self employment or gig jobs you need 2022 and 2023 IRS taxes filed and all the pages/1099/w-2/LLC/Corp/personal and 2024 income. You also need a high FICO score of 720.

Owner occupied or rental? that makes a difference as few do non owner occupied. Huntington Bank is good for owner occupied.

What is a good lender for Heloc Loans?

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