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User Stats

36
Posts
11
Votes
Brian Willie
11
Votes |
36
Posts

User Stats

600
Posts
478
Votes
AJ Wong
Agent
  • Real Estate Broker
  • Oregon & California Coasts
478
Votes |
600
Posts
AJ Wong
Agent
  • Real Estate Broker
  • Oregon & California Coasts
Replied Jun 21 2024, 16:38

Hi Brian..Coincidentally we just had a full webinar on first position HELOCS, fixed second and simultaneous closings. Lenders are increasingly creative with income qualifying including bank statements and even DSCR's. On SFR maximum LTV can be as high as 90-95% CLTV and on 2-4 units usually 80-85%. Depending on the loan amount and LTV there are even some automatic issuances with no appraisal requirements. Check in with @Joseph Chiofalo he does a lot of lending in Nevada and nationwide. Great investor resource as well. 

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User Stats

3,451
Posts
1,061
Votes
Erik Estrada
Lender
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
1,061
Votes |
3,451
Posts
Erik Estrada
Lender
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
Replied Jun 22 2024, 15:48

Just about anyone really! If this is a primary, you will have a good rate/term with a local bank/CU. Many offer low introductory rates and low fees. 

But if you have issues qualifying, the property is an investment, or you can't seem to get a hold of a bank rep, you may want to contact a broker with a variety of options. 

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Account Closed
Lender
  • Lender
2
Votes |
5
Posts
Account Closed
Lender
  • Lender
Replied Jun 25 2024, 15:32

Hi Brian, we are the industry leader in first position HELOCs! Our All-In-One product is a great product for the right borrower, reducing both the amortization schedule and interest paid.  Hope this helps...If you would like to discuss more or have a scenario run, let me know. 

User Stats

14
Posts
3
Votes
Kelli Wilson
  • Lender
  • Indianapolis IN
3
Votes |
14
Posts
Kelli Wilson
  • Lender
  • Indianapolis IN
Replied Jul 16 2024, 09:57

Hi Brian, we offer the AIO loan, which is a first lien HELOC. Let's connect.