HELOC on investment property?

Investor & Property Manager | St. Petersburg, FL

Good question—you're right, HELOCs on investment properties are definitely harder to come by than for primary residences, but they do exist.

Here are a few things I’ve learned from searching and working with clients:

 What to Look For / Search Terms:

• “Investment property HELOC”

• “Rental property HELOC lenders”

• “Portfolio HELOC” (especially if you own multiple doors)

• “DSCR HELOC” (some private lenders will underwrite off rental income)

Also try searching for:

• Local credit unions – Some will do it case-by-case, especially if you bank with them already.

• Portfolio lenders – These lenders keep loans on their own books and can be more flexible.

• Smaller regional banks – Especially in landlord-friendly markets.

 Lenders to Explore:

• Figure.com – Sometimes offers HELOCs on investment properties in certain states.

• LendingOne and Kiavi – More focused on investors, might offer cash-out options or HELOC-like lines.

• First Citizens Bank – Has been mentioned by some investors for doing 2nd liens or HELOCs on rentals.

 A Few Tips:

• Most lenders will require strong equity (25–30%), solid credit, and rental income history.

• HELOCs are often easier on 1–4 unit properties vs. commercial/multifamily.

• If HELOCs aren’t available, some investors use cash-out refis or even business lines of credit backed by rental income.

Let me know if you want a sample script I’ve used when calling around to local banks—it helps weed out the “no”s faster.

Thanks, Kyle Wheeler