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Updated over 6 years ago, 03/01/2018

Hannah Canario's profile image
Hannah Canario's profile image
Hannah Canario
  • from NJ
  • Member since Apr 16, 2013
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User Stats

26
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8
Votes
Hannah Canario's profile image
Hannah Canario's profile image
Hannah Canario
  • from NJ
  • Member since Apr 16, 2013
Connect
Hannah Canario
  • NJ
8
Votes |
26
Posts
Starting Out

How much down for second property?

Hannah Canario
  • NJ
Posted

My husband and I recently purchased a 2fam property(almost 6 mos ago) using a VA loan and I already want to start thinking about our second property.

Is it too soon to think about a HELOC? How much cash should we have saved before we consider going for it?

We went to our small community bank and were told we needed at least 30% down. Is that standard? 

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